A self-directed Roth IRA is the perfect savings vehicle for many people
The self-directed Roth IRA is the answer if you have earned income and need a plan for building wealth for the future. Saving for retirement is often said to be complicated, but it doesn't have to be rocket science.
An IRA gives you tax benefits and allows you to enjoy the power of compound interest. And besides, opening a Roth IRA is not that much different than opening a checking account.
A self-directed Roth IRA gives you tax benefits and financial security. You can better harness the power of compound interest with an IRA. The maximum contribution is $5,500, but investors over 50 years old can make a $6,500 contribution to catch up on their savings.
The key to building a sizable nest egg is patience. People become wealthy by letting their money work. So put your money in your account and leave it there. All your gains and profits will pour back into the account as well.
Over time, your investment will grow as long as you stick to your plan. Finally, you should give yourself a pat on the back for being so smart to take advantage of the last great American tax shelter.
At IRAYourWay.com we specialize in helping you begin your journey on saving for your dream retirement. If you have questions, we make sure they get answered. We can point you in the right direction and help you start investing in what you know.
For more information, check out the handy IRAYourWay.com Quick Start Guide for Roth IRA infographic below.