Charlotte, NC (PRWEB) July 14, 2014
American IRA recently released a new blog "How to Minimize Retirement Plan Expenses by Using Self-Directed IRAs".
Jim Hitt is passionate about Self-Directed IRAs and is also an investor. It is the investor in Jim that has inspired this blog. Jim is tired of watching investors lose their hard earned money to IRA providers who over charge them. This blog is meant to educate the public so that they understand what they can do to reduce their retirement plan expenses.
Compound interest is the investor’s best friend. This is true. But it’s not just returns that compound: Investment expenses, in typical non-Self-Directed IRAs or other conventional retirement account also compound over time. And these compounding costs can be a very nasty enemy as far as long-term returns are concerned.
For example, a recent study, published by the Center for American Progress, calculated that investment and other fees of just 1 percent per year – an amount commonly reached in 401(k) plans, especially at smaller companies – average out to as much as $70,000 in costs over the average workers’ working career. For many middle class families, $70,000 is at least a year's salary. Is it fair that their retirement plan gets over a years worth of their money?
Click here to read the entire blog. A must for anyone who is paying retirement plan expenses.
About American IRA, LLC:
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American IRA is committed to providing every client with gold-level service, regardless of account size. Experience their expertise through their certified IRA services professionals. Enjoy the value with one low annual fee of $285 with unlimited assets and unlimited account values. American IRA clients love the benefit of no charge for "All Cash" accounts. The performance of the American IRA staff is unmatched, with quick and efficient processing within 48 hours.
American IRA services thousands of clients and has over $300 million in assets under administration.
American IRA was built by investors for investors, and brings their successful investment experience to the table, providing excellent educational material showing 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.
American IRA is conveniently located in Asheville, NC and Charlotte, NC, and serves clients nationwide.