The vast majority of people aren’t interested in wealth for wealth’s sake. They want to put aside a retirement nest egg so they can take care of themselves in their old age.
Charlotte, NC (PRWEB) October 27, 2016
“Getting rich” seems like a distant dream to many Americans, yet having a sizable nest egg set aside for retirement is always on the minds of working people. In an article at http://www.AmericanIRA.com, the Self-Directed IRA administration firm shared some of its tips for self-directing an IRA and making the most of retirement investments to get and stay wealthy.
“This idea of getting rich is as old as the American dream, and even older,” points out Jim Hitt, the CEO of American IRA and author of the article. “But the vast majority of people aren’t interested in wealth for wealth’s sake. They want to put aside a retirement nest egg so they can take care of themselves in their old age…and take care of those they love. That’s why this question of getting and staying wealthy is so important for so many people.”
But getting rich isn’t as easy as putting away some money occasionally. Diligence is required, especially on a limited income, in order to make sure that you end up meeting your retirement goals. The article notes that even experts have trouble beating the stock market. That means that opening up your retirement strategies to more diverse asset classes may be an alternative route that helps retirement investors navigate tough times.
Staying rich, says Jim Hitt, is about finding the protections you have available to you, as well as avoiding unnecessary fees from doing things the wrong way.
“There are penalties if you don’t handle your retirement accounts the right way,” he says. “In this article we explore what it means to do things the right way, and the advantages that retirement investors have when they’re careful.”
Although there are risks in any type of investment, the article is quick to point out how acquiring wealth can be made more safe through education and the proper application of a Self-Directed IRA.
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