Americans struggling financially should look to save a portion of what they earn—however small—and begin a program of eliminating debt and using tax-advantaged accounts to maximize their retirement investments.
Charlotte, NC (PRWEB) May 21, 2016
When recent research conducted by the Associated Press and the NORC Center for Public Affairs Research demonstrated that some 2/3rds of Americans couldn’t handle an expense of $1,000, it became apparent that the state of the economy is not what many people thought it was.
“People are struggling hard to make ends-meet,” said James Hitt, CEO of American IRA, a Self-Directed IRA administration firm based in North Carolina. “It’s not just people living paycheck to paycheck, either. Even those with higher incomes have trouble finding the flexibility to swing sudden expenses. Savings and retirement investment are, unfortunately, not as popular as they could be in a better economy.”
Without savings, Jim Hitt pointed out, many people are vulnerable to the unpredictable nature of their circumstances. Extensive car repairs could force many to find other ways to get to work. Unexpected medical costs can send a budget tumbling.
“It’s not just that people don’t have money,” noted Jim Hitt. “It’s that people are spending so much on basic items like housing, food, and insurance, that even if they make a good wage, there’s no money left over at the end of the month for necessary items like retirement investment.”
In a recent blog post at AmericanIRA.com, Jim Hitt noted that Americans struggling financially should look to save a portion of what they earn—however small—and begin a program of eliminating debt and using tax-advantaged accounts to maximize their retirement investments.
“With a Self-Directed IRA, people are free to get hold of their own finances again,” noted Jim Hitt. “And when every penny counts, having that form of control can mean the difference between debt and savings.”
About American IRA, LLC:
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.
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