This new trend is an example of how a classic is finding new life in the current economic times. As many as half a million Americans are now using a Self-Directed IRA in some capacity for retirement savings.
Raleigh, NC (PRWEB)
September 21, 2017
More and more investors are flocking to the Self-Directed IRA—a strategy of maintaining more control over one’s retirement while expanding investable assets—according to a recent blog post at American IRA. The Employee Retirement Income Security Act of 1974 helped establish the rules for retirement investing in America, and since then, the ability to guide one’s own financial destiny has been possible with the tax protections afforded by the government.
But even though these retirement account types are old, the truth is that more and more investors seem to be turning to the Self-Directed IRA in order to fund their retirement. This IRA type simply refers to retirement accounts that are handled by the investor with some assistance from a Self-Directed IRA administrator, or custodian.
According to Jim Hitt, CEO of American IRA, who has been using a Self-Directed IRA since the 1980s, this new trend is an example of how a classic is finding new life in the current economic times. The blog post points out research that suggests as many as half a million Americans are now using a Self-Directed IRA in some capacity for retirement savings.
“When people hear ‘Self-Directed,’ they tend to think about the limitations,” said Hitt. “But what they should really think about are the freedoms. Self-Directing your own retirement strategy allows investors to take on a variety of asset classes in their retirement account with ease, including real estate and precious metals. These days, people are wary about another massive market correction on the horizon and want to know how to diversify out of the stock market and build stability for the long-term.”
With some $50 billion now invested in Self-Directed IRAs, there is a burgeoning interest in retirement investors to take hold of their finances and learn how to handle many of their investments with only the help of a Self-Directed IRA administrator, also known as an account “custodian.”
American IRA, LLC…