I was waiting in line today at the store and the gentleman ahead of me purchased 2 packs of cigarettes which cost him $10.40. As I was standing in line behind him waiting to purchase my diet soda which costs me $1.50 each, I remembered that I had forgotten to pack my lunch today.
Hmmm… the local restaurant sounds like a good idea today, I thought. Let’s see. If I order modestly, that will cost me about $11.00 with the tip included. It was then that I noticed the woman in the checkout line to my right had just purchased $20 worth of lottery tickets… she smiled at the cashier and said “see you next week”.
After leaving the store, I stopped at my favorite coffee shop and ordered a Latte. “$3.95, please,” requested the cashier. I started to add up the costs of those bad habits in my head and I quickly realized that if we could take just one of our bad habits and instead contribute that money to a Roth IRA each year, we could build a substantial tax free retirement fund.
So, which of your bad habits are you going to turn into a tax free retirement fund?
American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Mr. Hitt and his team have grown the company to over $250 million in assets under administration by educating the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more!
To learn more about American IRA, LLC and self-directed IRAs/self-directed Solo 401(k)s, please contact our office at 1-866-7500-IRA(472).
As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms ). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville, NC.