Are you happy with the returns your current retirement plan is providing? Are the investments in the account growing enough to support you when you retire? Are you hoping to retire early? Or, like many Americans these days, are you wondering if you’ll be able to retire at all?
If you are unsure of the answers to these questions, it may be time to reboot your IRA.
The answers may not be that easy and depend on many different factors. A growing number of people are facing the possibility of having to work beyond the typical retirement age, and there are no simple solutions. However, you do have choices. With a bit of commitment and by making a few changes, you may be able to considerably boost your retirement savings by adding critical diversity in your retirement portfolio. How? By self-directing your retirement plan.
The average retirement account involves a broker or financial advisor who makes traditional investments for you, generally in stocks, bonds, and mutual funds. In comparison, self-directed plans operate at the sole discretion of plan owners—who are able to acquire numerous and diverse alternative assets that they know and understand.
Many individuals believe alternative investments, such as real estate, have the potential to build wealth in retirement plans at a faster (and perhaps more comfortable) pace than traditional assets. While no investment is a guaranteed winner, self-direction gives you the power of controlling your retirement funds, the freedom to choose your own assets, and the ability to eliminate investments that are not providing a desirable return.
Take control. Build your own wealth. Secure your own future. To learn more, download our free Self-Directed IRAs Made Easy guide today!
Want to chat with us? Schedule a free consultation!