A new study at Bankrate.com showed that more than 60 percent of Americans have no understanding of how much they need to save in order to achieve their retirement goals. The same was true across generations, from millennials to baby boomers. This "gap" between the knowledge of most Americans and their true needs for retirement savings has American IRA wondering if Self-Directed Real Estate IRAs might be the way forward for many investors.
Self-Directed Real Estate IRAs allow investors to put aside retirement money in real estate, which means that income generated by said real estate can grow tax-free or tax-deferred. Because investing in the stock market can bring favorable results—albeit over long time periods—some investors might need to look outside the stock market to find something more aggressive and capable of generating a short-term income. Real estate might be the answer to many. Click here to read the latest news.
The article also noted that many people who responded—as much as 8 percent—planned on never retiring. This points to a gap between retirement strategies and the ability of everyday working Americans to retire, according to Jim Hitt, CEO of American IRA.
"The study at Bankrate.com was illuminating," says Jim Hitt. "It showed that not only are people off track when it comes to their own retirement, but many people were not even sure what their status was in the first place. That means the potential for trouble down the line, especially as more and more boomers retire and find that they do not have the savings in place to handle it. Self-Directed Real Estate IRAs can be a way for boomers to leverage their current net worth in retirement."
Using Self-Directed Real Estate IRAs opens up the possibility of taking advantage of isolated growth spurts in real estate prices. This growth can sometimes happen independently of what is happening in the stock market, giving even those worried about an upcoming recession the opportunity to capitalize on the high demand for real estate to generate a retirement income.
For more information on Self-Directed Real Estate IRAs, or to inquire further, visit http://www.AmericanIRA.com or call 866-7500-IRA.
About:
American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 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.
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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 and Charlotte, NC.
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