CHARLOTTE, N.C., May 3, 2019 /PRNewswire-PRWeb/ -- Monitoring one's investments is one step. But what should investors who are currently planning their retirement monitor those investments against? What's the barometer for investors who want to make sure they retire in prosperity? According to the Self-Directed IRA administration firm American IRA, based in Asheville, North Carolina, there are some ways that investors can make sense of their portfolio.
Pointing out that the Boston-based Fidelity Investments has come up with a way to check progress towards a successful retirement, the ideal minimum amount an individual should have saved by the age of 67 should be approximately ten times their annual income. While 67 might be retirement age for some, it might still be working age for others. That means that while individual results may vary, this rule of thumb can be a great way for people to evaluate the success and tracking of their portfolio.
How do Self-Directed IRAs play in? According to the post, the same things are true when it comes to a variety of retirement accounts, including a Self-Directed IRA Real Estate Investment. Weighing the worth of a real estate investment held within a retirement account can be tricky, but it can be applied to the Fidelity Investments concept to give the individual investor an idea of where they currently stand.
Investors who want to track their progress may find that a Self-Directed IRA makes this even easier, since the act of self-directing one's retirement account also tends to force a higher degree of monitoring from the investor. That emotional investment can lead to a better sense of where one stands on their track to retirement.
"It's important not only to know the ways to save for retirement, but to get a sense of where you currently stand," said Jim Hitt, CEO of American IRA. "That's why we published this post. In it, you can find out more than just what you should have by the age of 67—you will also find what you should have at a variety of ages."
American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating 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.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term 'they' refers to American IRA, located in Asheville and Charlotte, NC."
SOURCE American IRA, LLC