Why More Investors Should Consider Self-Directed IRAs
Self-Directed IRA owners and anyone with money in the market or real estate—heck, anyone who takes a trip to the store on a regular basis—can see that the financial world around us is changing.
We see it everywhere we look. This is especially true for investors who are aiming at building a retirement “nest egg” that will see them living comfortable past retirement age and beyond. And it doesn’t take a well-seasoned investor to notice that there are more and more reasons to take control of your financial future in ways you never before thought.
Why is it time to consider Self-Directed IRAs as part of your financial future? Let’s explore just a few of the reasons that are becoming more and more prominent:
Social security just may be in trouble.
The words “social security,” to many Americans, have represented a security blanket in their time of need. But for Americans who are currently working, the connotation of “security” might change. In fact, the current projections of social security suggest that its trust fund could be exhausted by the year 2036. In order to continue paying out benefits, Congress will need to get more funding from the general revenue, which means from the tax payers.
This doesn’t mean the system is in immediate danger, but it doesn’t take a brilliant investing mind to see the writing on the wall: social security is one fallback option for future retirees, but it by no means represents a total nest egg. If you’re currently planning to rely on social security for your retirement, it’s time to make a change to your retirement strategy.
One of the quickest ways to grab hold of your financial future and set aside money that isn’t in social security will be through a Self-Directed IRA.
Life expectancy is going up.
This is great news, of course. It means that people are living longer, healthier lives and that the general population is able to have a wider range of experiences. But the life expectancy increase doesn’t happen in a vacuum—it also has consequences on the financial system.
As the number of centenarians increases, the chances that you’ll retire far before your expiration date are becoming greater and greater, which produces an even greater need to have a solid retirement plan set up for yourself. Including a Self-Directed IRA in these plans is a great way to help secure a financial future that can include a longer lifespan.
Pension plans are drying up.
The pension plan was, at one time, the go-to retirement plan. Working at the same company for a long time meant security because aa company would set aside money for a pension plan to help provide retirees with an enduring income. These days, you might say that pension plans are becoming a primarily 20th century idea. Sure, they’re still around—but are you sure that the company you work for will still be around when it’s time to cash in on that plan?
Instead, investing in yourself is becoming a wiser and even more prudent move. That means acquiring a Self-Directed IRA and all of the benefits that come with it. To learn more about Self-Directed IRAs and how you can make a greater investment in your financial future, keep reading our information here at AmericanIRA.com or call us at 866-7500-IRA(472) to get in touch. We’ll be glad to tell you about the increasing reasons to own a Self-Directed IRA, especially in an uncertain economic climate. You’ll be glad you made the investment of just a few minutes of your time to stop living in fear and start living in security.