Jim Hitt, CEO of American IRA-a national self-directed IRA provider, speaks about the historically low savings account interest rates and offers expert opinion! CNN Money reports ?Higher yields on savings? It will be awhile? Jim Hitt shares some little-known solutions available to everyone with a retirement account.
This report from CNN is one of many recent reports which clearly point to the fact that people need to ?take action? in order to build savings for their retirement years. In fact, CBS Philly reports that a recent survey shows 40 Percent of Americans have $500 or less in savings. Jim Hitt interjects, ?I speak to many folks who are scared about not having enough to survive on during their retirement years. I tell them all that having a good plan and being prepared is the key to eliminating that fear. I firmly believe that self-directed IRAs and self-directed 401(k)s are the solution. People have got to take control! Sitting on those savings accounts and hoping they grow is like incubating an alligator egg and hoping a chicken hatches.?
Here?s what people need to know?self-directed IRAs and self-directed 401(k)s allow people to take control of what their IRA and 401(k) invest in. The options are wide open. People can invest in Real Estate, Private Lending, Precious Metals, Limited Liability Companies, Self Storage Units, and much more.
A great example is a client who loaned $300,000 from their Real Estate IRA to an individual who needed funds to purchase a large self storage facility valued at $400,000. They agreed on a 6% interest only loan with a balloon payment due in 5 years. After 5 years, the client had collected $90,000 in interest and the investor paid back the principal amount of $300,000.
A $90,000 profit in 5 years is a great return for the client and the investor was able to purchase a self storage facility that they otherwise would not have had the funds to purchase. This is just one example of how individuals can make those retirement accounts grow.
This entry was posted in Resources. Bookmark the permalink.Melky Cabrera Mayim Bialik Rich Kids of Instagram felix hernandez Ron Palillo julia child Texas A&m
We have a new product at Eagle Hardware -? fish habitat structures!?? They can be sunk in your favorite fishing spot or mounted under a pier.? This easy to assemble, long-lasting structure is 5? x 5? and resembles the look and feel of natural cover while providing great habitat for bait fish and all types of game fish.? Algae growth occurs quickly due to the realistic bark like texture of the Fish Rack.? Stop by and see our display in the store!
In the past few years cinema has taken a turn into surrealism by fusing science fiction movies with action movies. The result has been an indulgence in mind games that leave the audience begging for a clear answer and/or simply frustrated with the director?s creative liberties. There was Inception, which relied on facets of the subconscious in order to illustrate a harrowing reality in which anything was possible, leading more into fantasy than intelligent or believable plot lines. Movies like this break down the fourth wall, attempting to shatter our preconceived notions of reality, leaving them at risk for being pretentious. But Looper travelled into the realm of futuristic technology with a little bit more caution, and thus created an artful portrayal of time travel, which was as credible as a science fiction movie can be.