In this episode of Getting Real with John Bowens, we celebrate Financial Literacy Month! In April, use the promo code GETTINGREAL for 50% off our Self-Directed Master Course!
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You can possibly grow your retirement account, no matter how big or small the balance. John Bowens, Director, Head of Education and Investor Success, is here to educate investors on what’s possible with a self-directed account. Be sure to leave your questions in the comments section, as it may be chosen for our next episode!

0:00 Intro
1:08 Real Estate investing examples
1:26 Real Estate Joint Ventures
4:48 Master Self-Directed Real Estate Transaction Handbook
5:28 Self-Directed IRA Master Course
6:26 How to save 50% on the Self-Directed IRA Master Course and Handbook this month
6:50 What InvestmentDistrict.com can provide for you
8:02 How to gain exposure to the traditional public markets through your Equity Trust account
8:35 How to establish a broker account through our affiliate service
9:31 Can I still make a contribution to my IRA for the tax year 2022? When is the deadline for that?

Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional….(read more)

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retirement planning is a crucial part of financial management, and it’s important for people to grow their small-balance retirement accounts efficiently. However, managing small-balance retirement accounts can be challenging, especially for individuals with limited knowledge of investment strategies and financial markets. Despite this challenge, several clients have grown their small-balance retirement accounts significantly. In this article, we will explore the strategies that these clients have used to grow their retirement savings.

One of the key strategies used by these clients is starting to save as early as possible. The earlier people start saving for retirement, the more time their money has to grow. Individuals who start saving in their 20s or 30s are likely to have significantly more retirement savings than those who start in their 40s or later. Clients who have seen significant growth in their small-balance retirement accounts started saving as early as possible, even if it meant sacrificing some of their disposable income.

Another strategy used by these clients is investing in a diverse range of securities. Diversification is essential in mitigating investment risk, and it can help to grow small-balance retirement accounts. Clients who have seen significant growth in their retirement accounts diversified their portfolios by investing in stocks, bonds, mutual funds, and exchange-traded funds. They also invested across different sectors and industries to spread their risk further. The result is that their portfolios grew faster than those who invested in a limited number of securities.

Clients who have seen their retirement accounts grow also made sure to contribute to their savings regularly. Investing is a long-term commitment, and clients who contribute regularly to their retirement accounts saw significant growth in their savings. Many of these clients took advantage of automatic contribution features offered by their employers or financial institutions, which allowed them to save consistently every month.

Lastly, clients who have seen tremendous growth in their retirement accounts paid attention to fees and expenses charged on their accounts. High fees and expenses can dramatically impact investment returns, and clients who minimized these charges saw their accounts grow faster. These clients did their due diligence to understand the fees and expenses charged on their accounts and made changes where necessary.

In conclusion, there are several strategies that individuals can use to grow their small-balance retirement accounts. Starting to save as early as possible, investing in a diverse range of securities, contributing regularly, and minimizing fees and expenses are some of the ways clients have achieved significant growth in their retirement savings. With discipline and patience, individuals can build their retirement nest egg and enjoy a comfortable retirement.