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Self Directed IRA Articles

3 Steps to Smashing Success with Your Retirement Finances

Posted by Jack Callahan on Jun 7, 2018 8:00:00 AM

We live in a world of instant gratification. We want what we want, when we want it, and with today’s technology, we usually get it. But, there are exceptions to this rule, and achieving the desired returns on the investments in our retirement plans is one of them. If this describes you, then read on, because we’re going to explain how you can make some changes now to put yourself on the path to achieve success in building your retirement finances.

Many Americans—just like you—diligently sock away money to retire. And, while you may be enjoying the recent highs of the bull market, you’re also smart enough to know that the stockshutterstock_184887938-286009-edited-897025-edited market can turn suddenly, losing all of your gains as well. You want stability and peace of mind, two things that the stock market cannot give you.  

We all know that it’s impossible to recession-proof your retirement accounts. Protecting your retirement doesn’t mean that you balance your portfolio with a diverse range of stocks. True diversity creates stability and ROI regardless of what Wall Street is doing. As stated in this article in Forbes, “The trick: balancing investing safely with the need for returns that keep up with, or better yet, beat inflation.”

Those reasons are exactly why our clients use self-directed IRAs.

Chances are, if you’re reading this article—you’ve Googled and researched and spoken to others about self-directed retirement plans. You’re interested enough in exploring the power you gain when you choose the investments for your IRA based on assets you personally understand. If you’re ready to take the next steps, we’re happy to lend you a hand.

Steps to Financial Success in Retirement

  1. Choose a Self-Directed Retirement Plan that Fits Your Needs

And, there are several to choose from!

  • Traditional and Roth IRAs for individuals: traditional IRAs allow tax-deductible contributions and distributions are taxed once you begin making them; the Roth account’s contributions are made after tax and allow earnings to grow tax-free
  • SEP and SIMPLE IRAs and Individual 401(k) plans: tailored for small business owners and sole proprietors
  • Health and education savings plans: provide tax-sheltered saving for qualified health care costs and education expenses
  1. Fund Your Account

You can obviously do this by making a cash contribution commensurate with the annual contribution limits of the plan you choose. However, many of our clients already have retirement accounts established housed with a traditional institution or workplace. If you do, you can move these funds into a self-directed account.

  1. Choose Your Investments

This is the sweet spot you’re looking for—the chance to make your own decisions instead of riding the rollercoaster that is the stock market. This is the part where you can rely on your own knowledge and expertise to choose alternative investments beyond the Wall Street norm that may very well produce higher returns in a shorter amount of time than those traditional assets do. Choosing your own assets has the potential to help you build substantial retirement finances for your golden years.

Alternative investments encompass a class so broad we cannot list them all here. You can basically invest in just about anything you want.

Some of the more popular alternative assets include:

  • Single family homes and commercial real estate
  • Tax liens and tax deeds
  • Multifamily homes, vacation rentals, flips
  • Private mortgages and notes
  • Private offerings (venture capital and stock)
  • LLCs and trusts
  • Precious metals (gold and silver)
  • Crowdfunding
  • Cryptocurrency (Bitcoin)
  • and much more…

When you invest with your IRA funds, you are essentially buying with cash and eliminating the hassle of seeking lending capital from banks. This gives you an enormous amount of flexibility to jump on an opportunity quickly when the investment is presented to you—again, increasing your ability for earning the retirement finances you deserve.

How Advanta IRA Can Help You Plan for Future Success

Advanta IRA has the tools and training to help you get started today. Our weekly webinars and seminars give you access to wealth of information at no charge. You’ll learn the ins-and-outs of self-direction and more about the vast world of assets you can choose from.

Most importantly, you’ll learn that you don’t have to rely on other people to choose investments for you. If you’re not receiving the desired ROI on the plan you currently have in place, self-directed IRAs can be a smart choice to achieve the potential of higher returns on your investments.

Ready to get started? Give us a call. Our team is ready to help guide you through the steps to open your account and begin investing to secure a successful financial future.

 

 

Topics: financial freedom, Self-Directed IRA, Retirement Planning