No matter what age you are, you should be planning for retirement. According to a recent Schwab study, only 40% of Generation X has an IRA. Those who don’t have an IRA say they don’t need one, don’t have enough money to fund one, or believe the process is too complicated.

Opening an IRA is no more complicated than opening any kind of bank account. You can find out how easy it is by going to one of The Entrust Group local offices or visit them at www.theentrustgroup.com. Entrust will walk you through the process of opening up and contributing to an IRA.

Even if you cannot afford to make the maximum contribution to your IRA, something is better then nothing—and if you choose to open a traditional IRA, it’s tax deductible. Contributing annually to your IRA and putting those dollars work will bring you the peace of mind that you are establishing a financial cushion for when you want or need to retire. Additionally, if you open a self-directed IRA, you can build a portfolio of assets that you are familiar and comfortable with.

This entry was posted on Wednesday, July 11th, 2007 at 4:11 am and is filed under Self-Directed IRA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.