Self Directed IRA is the best choice today

Did you know that only 39% people have planned their retirement via self directed IRA! And you would be amazed to hear that 44% of the people surveyed do not have any idea about IRA.

You must be feeling pity on those 61% people who do not know about IRA or did not plan their retirement via IRA for missing out such an opportunity. You might find some of your friends too in this list who are not yet aware of the fortune that IRA

This survey was conducted among 1200 US investors and they were selected randomly by AARP.

However, if you take a look at the IRA trends over the years, things are changing very fast. Especially as these days you can not depend totally on the Social Security and even the defined benefit pension plans are not enough to support you after retirement, people are moving forward and taking up their own investment responsibility. And as the baby boomers are approaching retirement, the situation has become worst for a lot of people.

It is very common among self directed IRA owners to invest on real estate and the experts are predicting that real estate investment will become double in next five years. Which means a lot of money will flow in the market and the return on investment will be better than anything in this category.

However, depending on individual needs and risk taking capability, people are also investing on lifestyle funds where the risk factors are reduced as you approach the retirement date. Lifestyle funds are great for those who have no other means to support their retired life and cannot afford much risk.

People are becoming critical about their investment portfolio these days. They are always in the look out for high yield investments.

And why not! After all it is your money and it is about living freely after retirement.

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Posted by Sandi on Mar 31 2008. Filed under Investments. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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