I
f you already have a million dollars set opportunity. And while it’s an investment tool that’s
aside for your retirement years a been around a while since the 70s, actually the
figure most experts recommend as a truth is that it’s often “hidden” in plain sight.
goal you’re not the norm.
Why?
According to 2013 data from the Economic
Policy Institute (EPI), individuals living on the Because banks and brokerage firms are, by and
cusp of retirement age (in their 50s and 60s) are large, the custodians who offer traditional IRAs,
well behind $1 million in savings. As of five which invest in stocks, bonds, mutual funds, etc.
years ago, soon to be retirees are coming in at
$124,831 and $163,577 respectively.
Alternative investments, then, aren’t on their radar
so of course, they’re not going to advertise
A retirement savings crisis SDIRAs.
More recently, an annual survey conducted by Investment choices
insurer Northwestern Mutual, found that one in
three Americans has less than $5,000 set aside While there are many things you can choose to
for retirement! invest in, the following investment choices are
among the most common.:
And while the data in Northwestern’s report is
impacted by other age groups, the fact is that
many Americans are well behind the one million
dollar goal for their retirement portfolios.
In fact, a 2017 report from the Government
Accountability Office (GAO) discovered that
“about half of households age 55 and older
have no retirement savings and up to two
thirds of workers may not have saved enough to
maintain their standard of living in retirement.”
Whether or not you’re behind in your retirement
savings goals, as a savvy investor, you know
why it’s smart to always be on the lookout for a
great opportunity to grow your portfolio.
A selfdirected IRA (SDIRA) is one such
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