Category Archives: Self-directed IRA Info

All the Single Ladies … Should Prepare for their Retirement

Hint: a self-directed retirement plan can be a great way to do so. Regardless of all the societal advances we’ve seen in our country over the past few decades—the rise of the single working woman, same-sex marriages—it still remains an issue: many women will be single in their retirement years. Regardless of marital status in…
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Were You Affected by Hurricane Matthew? Beware Investment Scams

Unfortunately, scammers take advantage of Americans’ difficult circumstances when disasters hit, and it seems Hurricane Matthew is no exception. We’re all familiar (unfortunately) with Ponzi schemes and false trading programs that guarantee high returns. According to the SEC’s Office of Investor Education and Advocacy, there are investment scams related to this recent natural disaster to…
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Getting on Track to Hit a Million

No, we’re not taking about the lottery here. We’re talking about retirement savings. Many millennials believe they won’t hit a million dollars in savings by retirement. In fact, a study done by Wells Fargo showed that 64% of millennials surveyed think they will not hit that million dollar mark. About 41% of millennials have not…
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The Low Down on Required Minimum Distributions

You have been an avid saver and have funded your IRA or 401(k) plan diligently over the years. Good for you! However, be aware that once you turn 70 ½ years old, you are required to start taking distributions from your retirement plan. These required minimum distributions (RMDs) are based on a factor from the…
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Americans are Underutilizing IRAs

Raise your hands if you took a course in high school or college about IRAs and saving for retirement. We thought so. There is a keen need in the United States for more education on the importance of saving for retirement and on retirement plans, especially among young workers; 35 percent of millennials say they…
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5 Easy Tips for Self-Directed Beginners

  You may have read our previous article about Self-Directed IRAs, and now you’re interested in starting one of your own.  Self-directing can be easy, but in the beginning it can seem like there’s a lot of information being thrown at you at once. I have compiled a list of 5 tips that can help…
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A Retirement State of Mind

With many companies foregoing offering their employees retirement plans, many states are taking it upon themselves to fill in the foreseeable financial gap. In fact, four states—California, Illinois, Oregon and Washington—have passed laws paving the way to offer state-run retirement plans, and 18 additional states are considering such a measure. According to Richard Hiller, senior…
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The Death of the Pension Fund

The Urgent Need for a New Retirement Strategy (Hint: It’s Self-Directed) Many economists acknowledge and write about the problem of Americans’ lack of preparation for retirement. We don’t save enough—many have virtually nothing set aside for their post-employment years. One issue that has contributed to this, according to Wall Street executive Steve Rattner, is that…
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Don’t Hit the Brexit Stock Market Panic Button!

The vote by the populace of the United Kingdom to exit the European Union had world markets all atwitter immediately afterwards. What will happen to world currencies? What about people’s retirement plans? An article in the New York Times last week gave smart advice to investors about the stock market, where many people have been…
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