Is an Individual Retirement Account (IRA) your primary means of saving for retirement?
As of today, approximately 60 million Americans have about $19 Trillion held in IRAs, accounting for over 50% of the $35 Trillion US retirement market, it is certainly the most popular way to save, but does that mean it’s best way?
That’s all well and good, but do those people really understand how to use that IRA effectively? Do they know the associated costs or the tax consequences of their investment strategy within their IRA?
Unfortunately, the majority of these folks don’t realize that because they don’t know the answers to some of these questions, they could be costing themselves anywhere from 20% to as much of 50% of their total retirement savings!
In today’s live session, we’re going to discuss:
-The basics about Individual Retirement Accounts.
-Some of the pros and cons of using these accounts to save for retirement.
-Alternatives to IRAs that provide the same opportunities for growth with increased flexibility and protection of assets.
IRAs can be a great tool for building retirement assets, but it’s important to understand how they work to minimize the costs and use that money to line your own pockets instead of those of an investment company or the government.
QUICK TIP: There’s a lot of modern technology today that makes it easier for you!
If you’re using an IRA to help save for your retirement, wouldn’t be worth it to save yourself potentially hundreds of thousands of dollars?
Come join us every Monday, Wednesday, and Friday at 12PM EST and learn how to start building true autonomy by taking control of your money and your life.
The War Chest Strategy maximizes your military benefits so you can live a fulfilling life, build & protect your wealth, and pursue your TRUE purpose during your service and beyond.