Earlier this year, we launched TheNextEgg.org, which is a resource and community for people who want to channel their retirement savings out of Wall Street and into life-sustaining enterprises in our communities. We host monthly webinars and we’ve been building up our expertise on tools for self-directing retirement savings, including various forms of IRAs and 401(k)s. Now, we are launching “The First Hatch,” with the goal of signing up 100 people to start self-directed solo 401(k)s by November. If you have any self-employment income, you are likely eligible to create a plan that gives you full checkbook control over your retirement savings. Learn more and sign up to show your interest here. By building a collective of 100+ people to start plans simultaneously, we can learn the ropes together and gain access to low cost plans. For the First Hatch, we’ve negotiated with a provider to offer plans for a one-time fee of $300, which is quite affordable compared to other plans.
Imagine: If we move together, we can shift the flow of capital! By the end of this year, more than 100 people will be ready to invest their “nest eggs” in local farms, cooperatives, renewable energy, and other enterprises that could sustain our communities and planet into our retirement. This will pave the way for thousands more in 2020!
Questions? If you have any questions, please email sophia[at]theselc.org.
Let’s hatch the next economy! We’re excited for you to join us!
Locally-owned businesses represent 60 to 80 percent of the U.S. economy and are highly profitable and competitive, yet they are disconnected from the trillions of dollars invested in Wall Street mutual funds, pension funds, and insurance funds that control your long-term retirement savings.
Crowdfunding and other recent changes in the law make it cheaper and easier for all of us to invest in local businesses, projects, and people, but almost no one knows how to connect these opportunities with our current retirement and workplace savings plans. Self-Directed IRAs, solo 401(k)s, and employee-directed 401(k)s are alternatives, but are underutilized. This is due to legal barriers, cost barriers, and lack of public awareness and education.
We want to change that and tap into the incredible potential of retirement savings to help you invest in locally-owned and socially-just enterprises!
The Next Egg creates resources, builds communities, and shares tools necessary so that millions of us can move our retirement savings out of Wall Street and into our local communities. These tools include self-directed IRAs, solo 401(k)s, and employee-directed 401(k)s. Whether you work for yourself, are an employee, or run a business, we will help you access the best—and least expensive—tools for localizing tax-deferred savings. If we succeed, we will see trillions flow into our communities and out of the global corporations.
We're asking everyone to join by contributing $9.99 per month, which includes access to monthly webinars, resources, and the community we're building! If the price tag is a challenge for you, email Janelle [at] theselc.org and we'll send you an invite to join for free.
Webinar 6/21: Digging Into Self-Directed Retirement Savings Options
Webinar 7/26: Anatomy of a Solo 401(k): What's inside a plan document?
Webinar 8/6: Exploring Possibilities for Employee Self-Directed Retirement Plans
Webinar 9/10: But Where To Invest? Ideas and Opportunities for Self-Directed Retirement Investments
Become a member of The Next Egg to access these recorded webinars!