Lafayette, CO (PRWEB) May 5, 2008
Many American taxpayers are already receiving their tax rebate stimulus checks from the IRS, but most don't know that they could turn that $600 into $10,000. Tax payers will pay the IRS for years to come, but the stimulus check creates an opportunity for the IRS to help pay for something everyone needs - a happy retirement. If taxpayers invest the stimulus check into a self-directed IRA with Entrust New Direction and let it grow, the IRS will help pay for retirement.
130 million Americans will be receiving a tax rebate, somewhere between $300 and $1,200, plus $300 per child. While many plan to spend the money on a shiny new canoe or the latest HD-TV, Catherine Wynne, President of Entrust New Direction, a self-directed IRA administrator, urges taxpayers to "consider the future." Self-directed IRAs can invest in a company that makes HD-TVs, or in land with a view of the river, all while contributing to a prosperous retirement.
Let's assume you invest $600 into a self-directed IRA. There is no guarantee in any kind of investing, but we'll assume a 10% return. (Money Magazine has reported that an average return over 25 years of investing in the stock market was 13% and an average return from real estate investing over the same period was 8%.) When you open a self-directed IRA, you can invest in both real estate and the stock market, and the IRS will start your nest egg for you. $600, with a 10% annual return over 30 years, will provide you a total of $10,469.64 when you're ready to retire.
When given the option of a briefcase filled with six Benjamin Franklins or a briefcase with 100, it's an easy choice. $10,000 may not be enough to buy a house, but compare that to the HDTV that lasted seven years or the canoe that developed a leak the second summer.
Don't forget that investing in a traditional IRA provides you with a tax deduction, and investing in a Roth IRA allows you to withdraw your funds tax free when you retire. If you invest your stimulus check in a retirement account now, leave it there and invest in what you know, the IRS will pay you back the rest of your life. Who wouldn't want the IRS's money (your money) to pay into your retirement fund every year for the rest of your life?
Entrust New Direction IRA, Inc is located at 1300 Plaza Court N, Suite 103 Lafayette, CO 80026. They can be reached at 303-546-7930 or newdirectionira.com.