ASHEVILLE, NC / ACCESSWIRE / December 28, 2020 / What does life look like for retirees who used a Self-Directed IRA to fund or partially fund their retirement? That is exactly what American IRA, a Self-Directed IRA administration firm in North Carolina, recently addressed at their blog. The post, which details some of the unique aspects of Self-Directed IRAs, details how these retirement tools can be used to create powerful retirement savings, especially with the use of real estate to establish a consistent cash flow.
The post also talked about the "4% rule," which is an established rule of thumb in the personal finance community. This rule maintains that individuals should try to achieve a level of wealth in which they can withdraw 4% every year. The logic: with the long-term growth of these retirement funds, it is possible to continue withdrawing 4% every year. For example, an investor with a million dollars available would be able to withdraw $40,000 per year and maintain the same level of financial independence.
However, American IRA's post went beyond that, explaining how the particular quirks of Roth IRAs and real estate investing can make financial independence a reality for Self-Directed IRA investors. For example, a retirement investor with substantial cash flow through real estate investments would be able to enjoy cash flow well into retirement, even without working, provided that the investments were well-placed.
"For some people who aren't familiar with how a Self-Directed IRA works, it can sometimes be hard to imagine what retirement might look like in that scenario," said Jim Hitt. "This post is to reassure people that not only can a retirement with a Self-Directed IRA look a lot like any other great retirement you have planned for yourself, but there may be benefits that exceed what you had planned if you were relying on a pension and a 401(k) through an employer."
For more information on the Self-Directed IRA, interested parties can contact the Self-Directed IRA administration firm American IRA by dialing 866-7500-IRA. Visit the website at www.AmericanIRA.com.
About:
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