Pave A Strong Yellow Brick Road to Retirement

Published on June 17, 2014

retirementThe path to retirement is paved with good intentions. However, intentions will not pay for your retirement. Although many in the financial services arena have been ringing the warning bell to Americans, in some cases it has been falling on deaf ears. We’ve said it before and we’ll say it again—Americans are not saving enough for their retirement.

Retirement concerns as employees age are many: More than half of all mid-career and older employees (53%) are concerned they will not be able to afford the health care they need in retirement; 83% believe Social Security will be less valuable in the future and 88% have comparable fears about Medicare.

For those seeking advice on how to catch up on retirement savings or get off to a good start, William J. Bernstein, an investment adviser and author on financial subjects, offers this simple advice on what millennials can do now in his e-book, “If You Can: How Millennials Can Get Rich Slowly”:

How will your retirement path be paved? Millennials take heed: Start putting enough money away now and invest it wisely so your future will be secure.

Start paving your way through self-direction

To prepare for a happy and secure retirement, everyone that’s working should use the time now to build up their nest egg by funding a retirement plan as often and as much as possible. Like Mr. Bernstein counsels in his guide to millennials, if you start now and your end goal should be solid gold.

For individuals who understand alternative investment options, a self-directed IRA can be a great way to build retirement wealth more aggressively. Self-directed IRAs may include many nontraditional assets not allowed within typical retirement plans such as real estate, mortgages, unsecured loans, private hedge funds, precious metals, limited partnerships, commercial paper and much more.

Self-directed IRAs can provide savvy investors the ability to develop a more diversified portfolio that they control. The self-directed IRA administrator like Next Generation Trust Services handles all the details of the transactions and holds the assets.

At Next Generation, our transaction specialists ensure you are investing within IRS guidelines. Since we do not give investment advice, we strongly recommend you consult your trusted financial advisors about your investments and any tax implications they have for your unique situation. We’re here to answer any questions you have about self-direction.

Have a question now? Contact Next Generation at (888) 857-8058 or Info@NextGenerationTrust.com, or read through our Starter Kits for more information.

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