ASHEVILLE, NC / ACCESSWIRE / March 8, 2021 / In a recent post at American IRA, the Self-Directed IRA administration firm took a look at retirement head-on, examining some of the most relevant statistics centering on one of the most powerful investment tools around, the Roth IRA. In the post, American IRA looked at three separate statistics and provided greater context for what they mean within retirement planning in the United States.
In the first statistic, American IRA noted that only about 19% of U.S. households own a Roth IRA. This is a surprisingly low number, American IRA argues, especially given how readily available Roth IRAs are and just how many investors qualify for them. Perhaps most important of all, Roth IRAs are a valuable investment tool because they allow investors to put in after-tax money. That means that upon retirement, investors will not own money on the qualifying investments they put within a Roth IRA, assuming that all of the rules have been followed.
However, the post did note in its next statistic that Roth IRA numbers have grown in recent years. For example, during the years between 2010 and 2014, Roth IRA account balances increased "in a hurry," moving up over 50%. That was higher than the rate of increase in Traditional IRAs, showing that more investors were taking Roth IRAs seriously during that time period.
"There is a growing trend toward Roth IRAs, these statistics show us," says Jim Hitt, CEO of American IRA. "But considering just how powerful of a retirement tool this can be, it's interesting that these statistics show even more widespread adoption."
The post, available at American IRA's website, talks about three distinct statistics in greater detail, examining the context of these statistics and explaining how it relates to the world of retirement investing at large. For more information, be sure to visit the post by clicking to www.AmericanIRA.com. Interested parties may also contact the Self-Directed IRA administration firm by dialing 866-7500-IRA.
About:
"American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $500 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
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 Asheville and Charlotte, NC."
SOURCE: American IRA, LLC
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https://www.accesswire.com/632984/American-IRA-Discusses-Statistics-Investors-Need-to-Know-About-Self-Directed-Roth-IRAs
