Jim Hitt, CEO of American IRA-A National Self-Directed IRA Provider, Announces Fox News Reports that 62% of Americans do not Participate in Employer Retirement Plans.
Los Angeles, CA (PRWEB) July 31, 2013 -- Fox News reported on July 25, 2013 that 62% of Americans do not participate in Employer Retirement Plans. While some portion of that 62% invest in self-directed IRA plans, the scary truth is that many Americans are heading for a retirement in poverty. People are relying on the fact that they will have a social security check and while that is likely true, the reality is that the average social security check is $1,230 per month that's $14,760 per year just $3,270 above the federal poverty level of $11,490 per year for a single person.
The self-directed IRA industry is full of investors who are definitely not content with the thought of living on $1,230 per month. Equally as true these self-directed IRA investors are not content with the results they are getting with traditional investment types. The trend we are seeing is that Real Estate is the most popular investment type with Private IRA lending a close 2nd.
In just a 9 month period one investor purchased 4 rental properties netting $1,550 per month! $1,550 plus $1,230 per month brings the net monthly retirement income for this individual to $2,780 per month! Of course, this investor is busy working on additional investments to further increase their retirement income.
The key take away is that individuals need to begin taking control of their retirement future. Self-directed IRA investments afford additional income as investments can be tax-free and/or tax-deferred.
About:
American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Mr. Hitt and his team have grown the company to over $250 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, NC.
Sean McKay, American IRA, LLC, http://www.americanira.com, 828-257-4949, [email protected]
Share this article