SIMPLE and SEP IRAs are retirement plans designed for small business owners as well as self-employed individuals. These popular plans allow today’s business owners to offer easy, tax friendly savings options for their employees. Self-directing either plan allows account owners to make their own investment choices to build retirement wealth. Self-directed retirement plans give you great flexibility and complete control over your retirement plan, which you’ll learn more about towards the end of this article.
No one wants to retire only to find our financial fitness is not in the shape it needs to be for us to live the lifestyles we want. Our goal is to live our golden years happily, with minimal stress. Because, we all know that stress can affect our health—especially financial stress. Advanta IRA has a simple plan to help you measure and improve the health and wealth of your portfolio. Interested? Read on…
With a little advice and help from parents, it is entirely possible for teens to start saving now and build a million dollar IRA. Arming teens with knowledge and tools, along with the benefits of compound interest, is critical in helping them achieve a successful retirement future.
Are you one of the many Americans who are afraid you’re not saving enough for retirement? Are you even going to be able to retire at all? Are you seeking a solution on how to save for retirement and build a million-dollar IRA?
Well, rest assured you are not alone. Building a healthy retirement account is a problem for all of us; the Baby Boomers, Generation X-ers and could potentially affect Millennials as well as generations to come. Do you know why? You should, because defining your problem puts you one step closer to finding a solution. One step closer to the possibility of building yourself the retirement wealth you desire.
Here are the retirement saving problems we all face:
With Earth Day coming up, are you concerned about the environment and the impact of your own carbon footprint on the world? Do you worry when you hear daily reports about the ramifications of global warming, yet wonder what you can do about it? Did you know that besides making physical changes to help preserve the environment, you can also invest in options and companies who desire to do the same? You can even earn retirement income by going green when choosing assets for your self-directed IRA.
You work hard for your money. Why not have more control over where it’s invested? With an Advanta self-directed IRA, you can break free from conventional investing that is limited to stocks, bonds and mutual funds. Adding alternative assets to your portfolio can help you build tax-free income for retirement, and this diversity can also help protect your retirement wealth.
Real estate is the number one asset in self-directed IRAs. When you are able to choose the type of property you want to use to grow retirement income, you have many diverse options at your fingertips. Property assets can offer a solid hedge against the volatility of the stock market and investors also have the potential to earn gains from appreciation over time, which is why real estate is the number one asset in self-directed IRAs.
Investments in gold have been popular for hundreds of years. Although you can invest in gold futures, ETFs, and mutual funds—the hard asset itself is favored by many investors in the form of coins and bullion. For individuals who want to secure these assets to enhance retirement planning efforts, they can do so using self-directed IRAs.
The average American is lacking in retirement funds, and saving can be a definite challenge in today's economy. Recent reports reflect that nearly half of Americans are distressingly unprepared for retirement and will face difficulty maintaining their standard of living in their golden years. But, with a little luck and proper planning, you can defy these statistics.
You have until April 18, 2017 to make the deadline (or file an extension) for submitting your income taxes to the IRS. You also have until that date to open and/or contribute to a few retirement plans if you want those contributions to count on 2016’s tax returns.