Retirement Lifestyle by Design

Published on May 16, 2017

You may spend your work days dreaming about the day you retire. However, the only way to make your retirement lifestyle dreams come true is to plan ahead. That means being proactive about your retirement savings—and that you should start saving now. The earlier you start saving, the better off your retirement plan will be when you’re ready to use it.

For example, if your company offers an employer-sponsored 401(k) plan, contribute the maximum allowed. Other steps to consider: add to your retirement savings with an IRA, reduce your debt, and lower your living expenses. Sometimes these are easier said than done but remember, if you’re dreaming about retirement then now is the time to take the steps to make that dream come true.

Consider what you would like your retirement to look like:

Test the waters; try living now on the amount of funds you have determined that you need. Recalculate, if necessary

If you own your home, right-sizing may be a good financial decision since it will free up much needed capital.

DIY Savings Through Self-Direction

No matter what you think your retirement will look like, savvy investors should plan and control their future today. One way to have more control over what your retirement lifestyle will look like is with a self-directed retirement plan. If you understand alternative investment options, a self-directed IRA can be a great way to build retirement wealth more aggressively to fund your retirement dreams.

A self-directed retirement plan allows individuals to include a broad array of nontraditional assets that they already know and understand such as real estate, mortgages and other loans, private hedge funds, precious metals, limited partnerships, commercial paper, notes, and more.

For information about ensuring that your dream retirement lifestyle is on track through self-direction, contact Next Generation at (888) 857-8058 or We do not give investment advice and strongly recommend you consult your trusted financial advisors about whether a self-directed Traditional or Roth IRA, SEP or SIMPLE IRA, or a self-directed 401(k) is best for you.