One of the factors that influenced my decision to return to the US from Canada was the damage it was clear that covid-19 was going to inflict on small businesses and local economies. That’s always been my business niche, and it was wrenching to hear stories of how my friends and past clients were suffering.
Then the police murder, on my new doorstep, of George Floyd sparked a global uprising for human rights and against the deep-rooted, systemic anti-Black racism of the United States. I began thinking deeper about how to use the financial privilege that I have—not just earning my living helping local and POC-directed enterprises survive and thrive, and not just donating, or directing my consumer dollars thoughtfully, but making sure that I know who is benefitting from my retirement savings.
Enter The Next Egg, a community that supports each other in the technicalities of moving our nest eggs out of Wall Street’s pockets and onto Main Street. Within this calendar year, I will be rolling over my retirement savings from a traditional IRA to a solo 401(k), from which I will get to choose how to invest my funds. There is a lot to learn, and even though using my retirement funds for good is a long-standing dream of mine, I don’t believe I would have taken the plunge without The Next Egg‘s support.
I’ll post more here as I go through the process, and I encourage anyone who is interested in doing the same to join The Next Egg (a subscription is $9.99/month) for their “In an Eggshell” webinars on the basics of solo 401(k)s, self-directed IRAs, rollovers, borrowing from your funds, and more. You also get access to videos of all previous webinars, to community discussions, and to a steeply discounted set-up fee for a solo 401(k) (they usually run about $1,000, and you can get yours for $300 through The Next Egg).
See you at Tuesday’s webinar (June 23, 5-6 PM EDT) on COVID, Rebellion, & Retirement!
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