Will You Be able to Afford to Retire? A Self-Directed IRA Can Help You Achieve Your Goals

Did you know that you’ll need between 60%-80% of your pre-retirement income to keep up the same standard of living you enjoy now? That’s what most financial experts estimate. Consider this: according to the Employee Benefits Research Institute, fewer than half of Americans have given any thought to how much they’ll need to retire. Take this into account along with the fact that the biggest risk facing future retirees is running out of money while they’re still living, and what you have is the beginnings of a national retirement crisis. Think Social Security will cover you? Think again. The Social Security Administration itself says that its benefits will cover only about 39% of your expenses in retirement.

So, what are we left with? The fact that the biggest chunk of money you will need to retire on has to come from income and decisions you make now. This couldn’t be better news for self-directed IRA owners. Since generating this money is going to be your responsibility anyway, shouldn’t you be able to choose how you invest? This is exactly what a self-directed IRA does. It lets you make decisions about how to invest your retirement funds. And, you can invest in practically anything you want.

You Can Invest in Real Estate and Self Manage Where You Invest Your Retirement Funds

One of the best investments you can make today that can pay off handsomely in retirement is investing your self-directed IRA monies in real estate. Real estate is still the number one gateway wealth creation in the world. When you take control of your retirement via a self-directed IRA funds, you are free to make the following types of real estate investments:

Mortgage Notes
Residential Rental Investment Property
Commercial Property Purchase
Tax Liens
Foreclosures

Among many more!

For more information about self directing your retirment account, then contact Sunwest Trust, Inc. They are a self directed IRA custodian and they understand the ins and outs of how to properly and safely rollover your 401k or transfer an existing IRA into a self directed IRA built to purchase alternative assets.