American IRA CEO, Jim Hitt
A retirement tip for baby boomers that this blog offers is that now may be the time to think about diversifying into some other asset classes – ones which are not tied to stock market or broader interest rate risks.
Greenville, SC (PRWEB) October 17, 2014
Jim Hitt, CEO of American IRA, offers retirement tips for baby boomers in his latest blog, "Baby Boomers and Retirement – Is it Time to Diversify". Baby boomers and retirement are a hot topic now that many baby boomers are in or nearing their retirement. This is the group of people that were born between the years 1946 or so, and 1964. As this blog state, they should be thinking very hard about retirement. And indeed, they had quite a tailwind to help them out over the years: An unprecedented bull market starting in 1983, just as most of them were getting serious about investing in their 401(k)s, strong appreciation in home prices over the years, and a lot of years of much higher interest rates and dividends – and returns on investment – than they have now.
An interesting fact this blog points out is that of those who are semi-retired or fully-retired already, 84 percent report that they are, indeed, prepared for retirement. Out of the set of all baby boomers, 71 percent are reporting that they are prepared for retirement.
Another interesting fact in this blog is that baby boomers have also benefited from a broad bull market in both stocks and bonds – at least up to this point. With the Dow hitting a record close of 17,156.85 as this is being typed, and interest rates still near historic lows boomers seem to have received nearly every break in the book.
A retirement tip for baby boomers that this blog offers is that now may be the time to think about diversifying into some other asset classes – ones which are not tied to stock market or broader interest rate risk, for example, or which offer better prospects for income, capital growth, or safety. That’s where self-direction comes in: By rolling assets in their IRA or qualified retirement plans over to a self-directed IRA, they can begin moving into some alternative asset classes that haven’t already experienced a huge run-up, and consequently may be less exposed to risk at this point. Some examples of areas of diversification are: rental real estate, commercial real estate, house flipping projects, farms, ranches and racehorse breeding and training businesses, partnerships and LLCs, tax liens and certificates, hard money lending, private equity, venture capital, and so much more.
To see more of the areas of diversification and to read the complete blog, click here.
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