Unlock the Earning Potential of Your Retirement Plan

How involved are you in understanding the investments in your retirement plan? Do you anticipate having to work past the age of 65? Are you afraid you may not have adequate funds to retire at all?

If your answer is yes to any of those questions—you are not alone.

Many Americans are in the same position regarding saving retirement. Finding the key to success spans across different generations facing the same problem.

According to a recent report, the TransAmerica Center for Retirement Studies® indicates:

  • 2/3’s of Baby Boomers plan to work past 65 or have no plans to retire
  • Only 12% of Generation X-ers are confident they will fully retire in comfort
  • 1 out of 4 Millennials are unsure of how their retirement funds are invested

So, where does that leave you? Are you well on your way to achieving your retirement goals? Or are you, like many, concerned that your current plan just isn’t cutting it and fear that Social Security may not either?

We’re posing a lot of questions, aren’t we? Presenting a few problems. Lucky for you, we’re going to present a few solutions, too.

Perhaps the most interesting tidbit of information we at Advanta IRA found when reading over the statics in the article mentioned above is this: 75% of Millennials want more information and advice from their employers on how to achieve their retirement goals.

This is very telling for us. Back when our grandparents were saving for retirement, pensions and employer-sponsored plans were the kings and queens that paved the road towards successful golden years. Social security was the prince—a given that would supplement savings endeavors. These days? Not so much…

In those days, many people owned IRAs and other savings plans that were managed by employers and/or investment brokers and other fund managers. Today those traditional accounts are still available and widely used, but typically only hold assets the institutions that manage them sell. Translated, that means that then and now, people are limited to the even more traditional stock, bond, or mutual fund (at today’s paltry interest rates).

However, times have changed. The key to a successful retirement planning kingdom still lies not only in the fund manager’s prowess, but also on the returns of the investment he or she chooses. But, just as with everything—retirement plans have evolved. These days the “fund manager” can be YOU, and you can choose your own investments if you use a self-directed IRA.

So, regarding the Millennials’ mindset—we applaud the 75% of those who desire more information and advice from others regarding their retirement plans. We highly encourage others to embrace this mindset, as well.

Any investor should seek knowledge about what their assets are, as well as understand how well they are performing. This is another unique aspect of self-directed plans. As the account owner, you are in charge of your own investments. You’re able to invest in things you personally know and understand, and if you are unfamiliar with a certain asset that appeals to you—you can take it upon yourself to learn.

When exploring the different alternative investments permissible in self-directed plans, you’ll find many diverse options such as real estate, precious metals, futures and forex trading, crowdfunding, private equity and stock, and so much more.

The possibilities for increasing your retirement income-building potential are exponential when you self-direct. Alternative investments offer many keys to unlock the earning potential of your retirement plan.

To learn more about self-directed investing, please contact Advanta IRA today. Our team of experts is always happy to help investors understand the value these accounts present in building a successful future.


About Jack Callahan

Jack proudly earned his bachelor’s degree in finance and multinational business from Florida State University and his law degree from the University of Florida College of Law. He established Advanta IRA in 2003 and has steadily nurtured and grown the company and the team every year since. Prior to founding Advanta IRA, Jack delivered specialized counsel to real estate investors, small business owners, and real estate professionals on tax, legal and financial matters. As an industry expert, Jack is a frequent speaker on self-directed retirement plans. He is an accredited continuing education instructor for the Florida and Georgia Bar Associations, Florida and Georgia Real Estate Commissions, and The American Institute of Certified Public Accountants.