American IRA Sheds Light on Debt Hamstringing Retirement
The Self-Directed IRA can help retirement investors find unique investment opportunities for diversifying their retirement portfolio and building a substantial nest egg. But a recent post at the American IRA blog highlights a potential obstacle on the road to wealth for many: the possibility that debt will make it harder to put money aside and save enough money for retirement as needed.
According to the post, a recent survey found that some 70% of Americans between 56 and 61 were in debt--an increase from 56 in 1994. This suggests that not only are American consumers and investors becoming more accustomed to debt, but they may also have gotten worse at handling or managing debt over the years.
"If you want to have a lot of money in retirement," said
The article pointed out that debt can be a "steady drain on cash flow," making it harder for investors to handle payments such as mortgages and retirement contributions. This strain on cash flow can have an added effect of decreasing flexibility to handle short-term problems such as unexpected expenses that pop up along the way.
"Building a substantial portfolio of investments requires constant growth," said
For more information, visit the Self-Directed IRA administration firm at http://www.AmericanIRA.com or call 866-7500-IRA.
"About:
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in
Read the full story at https://www.prweb.com/releases/american_ira_sheds_light_on_debt_hamstringing_retirement/prweb15774099.htm
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