Sometimes fate steps in, the stars align, and the universe smiles on you as you bask in the glow of your winning lottery ticket. For most of us, this is not the case. As with everything in life, your chance of having a successful outcome is directly dependent on setting achievable goals, having a solid, down-to-earth plan, and the resolve to stick to the resolutions that you’ve made. This can seem overwhelming, especially when planning for retirement. But, the first step is to make a commitment to start saving and investing in a retirement plan. Your golden years will arrive before you know it, and our top 5 wealth-building resolutions can help you get prepared.
1. Educate Yourself
The first step to your successful financial future is education. If you always do what you’ve always done, you’ll always get what you’ve always gotten, right? If this path isn’t taking you where you want to go, you need to change your approach. You have options. And, our Learning Center provides information to help you explore those options.
In addition to the typical stocks and mutual funds, you also have the option of investing in alternative assets using a self-directed IRA. Self-directed IRAs help you create diversity using a large variety of alternative assets that can potentially build your retirement fund faster than traditional investment methods. When you choose to self-direct, you make your own decisions. You can invest in what you know best instead of relying on your investment broker to decide for you.
2. Choose the Best Self-Directed Plan for You
The Advanta IRA® is a self-directed retirement plan that gives you complete control over your investing decisions—and access to unlimited assets beyond the typical stock, bond, or mutual fund.
Imagine the advantage of investing in something you’re good at. What could you accomplish when you put your own skills to work? Our team works with you to find the best self-directed plan to accomplish your goals.
3. Discover Alternative Investment Options for Your IRA
Real estate investing presents incredible opportunities, which makes it the number one asset in self-directed accounts. Assets in this class include residential and commercial property, single and multi-family properties, rehabs, undeveloped land, private mortgages, tax liens and deeds—and more!
But keep in mind, just because real estate is the most popular investment in an IRA—that doesn’t mean it’s the only one. You can invest in a myriad of other assets including private equity, private notes, Bitcoin, startups and even things you may not realize are permissible, such as alpaca farms! Discover all of the alternative investment options in an IRA.
4. Plug into Our Live Events and Advanta OnDemand
We offer free events every week, such as webinars and seminars, designed to grow your knowledge base on self-directed investing. The Advanta OnDemand video library allows you to plug in and watch all of our archived webinars with topics focused on real estate investing, different self-directed plans, IRS rules, checkbook IRAs, alternative assets, private lending and much more!
5. Open Your Advanta IRA Today
If you want to take control and build the retirement of your dreams, the time is now, and opening an account is easier than you may think. Just choose the self-directed plan that’s best for you, fund the account, and start investing!
Bonus: If you already have an IRA established with another custodian, you can rollover or transfer those funds into a self-directed account.
No one wants to work past retirement age. And, no one really wants to rely on earning retirement income on the volatile stock market—not when they can take control and realize that income by investing in things they know and understand.
So, if you’re ready to put yourself in charge, give us a call and we’ll help you get started investing with a self-directed IRA today.