By J.P. Dahdah, Founder & CEO of Vantage
Some people just seem to have a ‘knack’ for making money.
How is it that some end up spending their retirement years in financial bliss cruising Europe, constructing businesses for fun (not necessity) and contributing to charitable causes? While others face decades of financial hardship fraught with uncertainty, stress and too often, unfortunate monetary consequences.
It reminds me of the concept of the “natural born salesperson;” that some people are just born with the skills necessary to make money while others are not. Is this true for investors? Are there people who are just born with the skills and luck necessary to achieve a comfortable retirement while others are slated for financial uncertainty? We don’t think so. Over the years, we’ve been lucky enough to surround ourselves with some of the world’s top salespeople, business professionals and investors and we do not believe they were born any different than anyone else.
One thing is for sure: the successful investor, business person, athlete, husband, wife or father do have different habits and a different mind-set than the “Average Joe.”
The same is true with self-directed IRA investors.
In many ways, self-directed IRA investors are an ‘elite’ group
While self-directed investing is open to anyone, self-directed IRA investors have very particular habits and mind-sets.
Are you one of them?
- Are you an independent thinker, unafraid to challenge the norm?
- Do you prefer to be in control of your career, your finances, your health and your future?
- Do you seek out more financial literacy knowing your financial well-being is your responsibility and you cannot leave it to anyone else?
If so, then it’s very likely you have the traits of a successful self-directed IRA investor.
That could be critical for your future and the future of your family.
Even if you’ve worked hard throughout your career, earned a good living, saved well and invested for retirement, it may not be enough.
Here’s why:
- The stock market has not performed well over the last few years. Many of your peers have lost hundreds of thousands of dollars that they may never be able to recover.
- The volatility and swings in the stock market have many wondering if their retirement is safe at all and if there will be any real amount of money left in it when it’s time to start living off of it.
- Interest rates are historically low, leaving savings accounts and CDs yielding less than 1%.
Couple that with medical advances in anti-aging technologies which have the potential to increase average life expectancy from just less than 80 years to 100 and the crumbling state of our social security system, some stark facts become apparent:
You will most likely have to live longer and do it on less money than any generation before you.
Ask yourself: How long will my retirement savings last? Will I have enough to do the things I enjoy and live comfortably through my golden years? Or will I be in the pinch, counting every penny and constantly wondering how to make ends meet?
The good news is that if you do have the characteristics of a self-directed IRA investor you can take control of your retirement. Free it from the restrictions of stocks, bonds and mutual funds, and instead, invest in assets that may yield a much higher return in helping to secure your financial future.
For more information on how you can discover your IRA investing alternatives, contact our team at (866) 459-4590 or ClientService@VantageIRAs.com.