The middle class is shrinking and it’s up to investors to decide where they will end up.
Charlotte, NC (PRWEB) October 06, 2016
A blog post at BiggerPockets.com, entitled “3 Steps to Escape Middle-Class Financial Mediocrity", detailed how the American dream of the middle class might be shrinking—and what individuals need to do about it. Now, Sean McKay of American IRA in Asheville, North Carolina, a Self-Directed IRA administration firm, is responding with thoughts and details on how to escape from this financial mediocrity.
“The middle class is shrinking and it’s up to investors to decide where they will end up,” said Sean McKay about the post. According to Sean McKay, the old method of retirement, which included getting an education and a job that paid a pension, is no longer available to most people. Those who want to retire in prosperity will need to secure their own retirement for themselves, which requires taking hold of one’s finances.
Sean McKay’s response points to the Self-Directed IRA as a tool for both educating oneself about personal finances and taking steps to ensure that a retirement nest egg is secured. Says the post: “With a Self-Directed IRA, retirement investors can open up an entirely new world of investing. Not only can they invest in real estate, precious metals, and a variety of other broad asset classes, but they’ll learn about the tax-advantaged benefits that ensure you can keep more of the savings you put away.”
The blog post, available at AmericanIRA.com, offers a different perspective for making a retirement nest egg happen: that using a Self-Directed IRA as a tool for retirement allows retirement investors to take control of their finances in ways that outsourcing to financial advisors simply can’t.
American IRA is a Self-Directed IRA administration firm, which means they do not offer specific financial or investment advice, but they do offer knowledge about these retirement accounts on their website. Sean McKay’s response points out that these tax-advantaged accounts can represent an important first step on one’s way out of “financial mediocrity.”
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