Interested in investing your retirement savings locally? Nancy Moore and Janelle Orsi from the Sustainable Economies Law Center produced the report “How to Invest Your Retirement Savings Locally: The Basics of Solo 401(k) Plans and Self-Directed IRAs.”
What would it take for you to pull your retirement savings out of Wall Street and invest it in things that enrich your local community, like a local farm, solar project, worker cooperative, or housing cooperative? Below are some of your options for taking control of where you invest your retirement savings. We focus heavily on solo 401(k) plans, which are a particularly flexible, yet underutilized, tool for self-directing retirement savings. Then, we describe self-directed IRAs (individual retirement accounts) to draw comparisons.
View the entire report
Image credit: The Next Egg
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