ATLANTA, GA / ACCESSWIRE / March 25, 2020 / How should investors have a clue about whether their retirement strategy is working or not? According to a recent post at American IRA, one way to do this is by breaking down retirement into key age milestones. By setting goals according to these milestones-and understanding what they mean-American IRA's recent post believes that investors can get a much stronger handle on overall retirement investment progress.
American IRA, a Self-Directed IRA administration firm based in Asheville, NC, published the post with the goal of highlighting the milestones that are particularly important from a Self-Directed IRA standpoint. For example, investors have to watch for the age at which contribution limits go up, as the IRS allows "catch-up" contributions for older investors.
Other key ages that the post listed are the age of beginning social security and the age at which retirees must begin taking RMDs-also known as Required Minimum Distributions. This means that after a certain point, investors will be expected to begin taking money out of the account, even if they continue to remain in the work force.
"This post highlights the ages at which retirement investors will really want to pay attention," said Jim Hitt. "For someone in their 20s or 30s, these ages might seem like a long way off. But the post also touched on what investors should have achieved by these ages. And that gives investors of all ages some specific benchmarks when it comes to measuring their retirement strategies."
As a Self-Directed IRA administration firm, American IRA does not hand out specific investment advice. But the firm does point out that a Self-Directed IRA can be a powerful way for investors to put non-traditional retirement assets (such as precious metals, tax liens, and real estate) into tax-protected accounts.
"There are more options out there, and if investors are struggling to hit these key milestones, it's important that they consider these options," said Jim Hitt.
For more information on American IRA and the five key milestones pointed out in the post, visit www.AmericanIRA.com. Interested parties may contact the Self-Directed IRA administration firm by dialing 866-7500-IRA (472).
American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in Asheville and Charlotte, NC and Atlanta, GA."
SOURCE: American IRA, LLC