Save for Retirement While Still Spending On Lattes - Jim Hitt Reacts with Hints About Using a Self-Directed IRA

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A recent article in USA Today debunked the myth of coffee-shop frugality as a method of saving for retirement. In his response, Jim Hitt of American IRA explains why using a Self-Directed IRA may be the best method of all.

American IRA CEO

American IRA CEO, Jim Hitt

Directing one’s own investments can save a lot of money over the long-term—reducing the need to sacrifice in the present.

A recent article in USA Today authored by Maurie Backman of the Motley Fool explained how big changes, not small changes, add up to a lot of retirement savings in the long-haul. This helped to debunk the popular idea that one has to give up their “daily latte” in order to retire in prosperity.

But put a caveat on that, argues Jim Hitt, CEO of American IRA in Asheville, NC. “Although it’s a good idea to try to find big savings with housing costs and the like, you don’t always have to make big sacrifices, either,” said Jim Hitt.

Instead, Jim Hitt pointed out that tax-protected retirement accounts are often the key to finding the kind of wealth-building that retirement investors need. “Saving money doesn’t just mean looking at your home or your car,” said Jim Hitt. “It can also mean saving money by avoiding all of the wealth management and fees associated with traditional investment advice, much of which is simply outdated.”

Self-Directed IRAs can be utilized in order to invest in real estate, precious metals, private companies, and more—all of which can grow in tax-protected retirement accounts, just as they can be used to protect stock market investments. According to Jim Hitt, the recent USA Today article failed to highlight how directing one’s own investments can save a lot of money over the long-term—reducing the need to sacrifice in the present.

“Too many people believe they have to sacrifice all of their current lifestyle to enjoy a prosperous retirement,” said Jim Hitt. “That’s not the case with everyone. Some simply need the right knowledge applied at the right time in order to utilize plenty of savings for retirement.”

About American IRA, LLC:

Click here to claim one of our 7 Self-Directed IRA guide(s).

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.

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Sean McKay
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