4 Myths About Baby Boomers (Stock Market) | Phil Town



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There’s a common misconception that Baby Boomers – people born between 1946 and 1964 – are all in a great financial situation and fully prepared for retirement. But they might not be as “ok” in retirement as people think. They might want to consider investing in the stock market. http://bit.ly/33fZR1p

The truth is, you can start investing at any age, to find out how download my FREE Guide on age-based investing by clicking the link above.

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Investment Promoters and the Dangers of Dealing With Them

You may have heard the name Don King – you certainly have seen his face and observed his stringy, standing-on-end, formerly black, but now gray, hair. Don King is a boxing promoter and a very successful one by most measures. He has represented well known fighters like Muhammad Ali, Lenox Lewis, Mike Tyson, Evander Holyfield, Aaron Pryor, Wilfredo Benitez, Larry Holmes and Roberto Duran.

Why You Need an IRA

Most people have heard of an IRA, but unless you have one already, you probably don’t realize what it is or the many advantages that go along with it. An IRA, or investment retirement account, is a pre-tax savings account that you will have access to when you retire. Because the money is saved before taxes are taken out, they have a better chance to grow.

Best Investment Choices

The self directed IRA is one of the most popular way to save for retirement. It is so widely used because it offers so many benefits. The benefit that individuals seem to like the most is that they can have control over their portfolio.

Self Directed IRAs Are Popular

It is very common for individuals to seek for ways to save for retirement outside of their employment. The most popular method being used currently is the self directed IRA. This IRA is great for investors because it gives them the control over their portfolio.

Can You Borrow Money From Your IRA?

The short answer is, no. Individuals are not allowed to take a loan out on their IRA. This is a major consideration for many people when they are choosing which account is the best option for them to open for their retirement savings.

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