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Tim Schmidt

Tim Schmidt

A Florida-based Entrepreneur, Author, and Life Hacker, Tim Schmidt decided to take control of his retirement portfolio several years ago by setting up a self-directed IRA. This blog shares his thoughts and opinions on the top of retirement and investments. You can follow his career and travels on his Official Website as well as on his Instagram page.

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Here are my most recent posts

Kevin O’Leary’s Advice for 20 Year Olds

If you are looking for tips from one of the most successful businessmen of all time, you should take a peak at this video by Kevin O’Leary.  It’s his tips for 20 year olds, but I found them useful for people of all ages and walks of life. Top 5 Tips for 20...

How to Convert a SEP IRA to a Roth IRA

If you want to avoid having to pay taxes on the distributions in retirement when you have a simplified employee pension individual retirement account, you have the choice of converting it into a Roth IRA. This can be done regardless of having the pension account...

5 Steps to Improving Your Credit Score

Understanding your credit is one thing, but being able to improve your credit score without higher credit repair company Trump’s all. It’s pretty much means you can qualify for lower interest rates, better benefits on your credit cards and you can borrow...

Money MGMT.

How to Convert a SEP IRA to a Roth IRA

If you want to avoid having to pay taxes on the distributions in retirement when you have a simplified employee pension individual retirement account, you have the choice of converting it into a Roth IRA. This can be done regardless of having the pension account...

What is a 529 Plan?

Today I'll share with you the basics of a 529 plan.This plan operates as a savings plan for college that provides specific financial aid and tax related benefits. Many of today’s 529 plans are also used as a way to invest and save money for grade school tuition for...

Precious Metals

Why Investing in Precious Metals is Wise

Gold has always been a sexy investment, however investors have also turned to the merit of precious metals for investment.Just like gold, precious metals such as platinum, silver and so on are also equally capable of retaining monetary value even if the economy goes...

Retirement Tips

Money Saving Tips from a 24 Year Old

​I like people who think ahead.  In the case of Tori Dunlap, who wrote this article for Forbes, she’s thinking very far ahead.  I was intrigued by her contribution and ability to forward think enough that I thought I’d come and share what she’s doing in...

Retiring to Latin America on $2,000 a Month

When it comes to places to retire, it seems like most Americans (especially those from the Midwest and the Northeast) make their way down to warmer climates in the south like Florida and Arizona where they can spend their days golfing and not having to worry about...

Stock Market

Making Money Investing in Gold Stocks

Among other precious metals, gold has been the most popular choice among investors. Most people today view the metal as a hedge against inflation and a measure of protection in stringent economic times. Many people choose gold to diversify their portfolios.There are...

How to Trade Small Cap Stocks Online

Beginner investors find it more comfortable to invest in small cap stocks instead of taking on bigger investments. Small capitalization companies, of which these stocks belong to, are valued in between a price range of $250 million to $1 billion.The biggest advantage...