Dallas, Texas – “Why is it that only five in every 100 people are financially secure at age 65?” Edwin Kelly, CEO of Specialized IRA Services, took some dramatic steps toward isolating the reason for this disturbing statistic at the Think Realty National Conference & Expo in Dallas, Texas, on February 24, 2018. “The truth is, there is a lot of misinformation out there, and there are some very strong forces working against most investors’ retirement portfolios,” Kelly concluded.

Specialized IRA Services is a boutique financial service firm that allows clients to self-direct their retirement, education, health savings, and 401(k) accounts into alternative assets including (but not limited to) real estate-related investments. These investment vehicles include physical property, mortgage notes, and trust deeds.

“The reason that most Americans never become financially free is due to three distinct forces working against their investing,” explained Kelly, noting that most retirement investments are handled by financial advisors contracted by large companies rather than on an individual basis. These advisors and investment directors tend to invest mainly in “traditional” assets like stocks, bonds, and mutual funds.

Kelly said although these types of investment do have a place in a retirement account, his self-directed investors realize that relying solely on the stock market is a dangerous way to save for retirement. “There are three forces working against you [if you do that],” he said.

“First, there is a lot of uncertainty and unpredictability in the stock market. Second, you will probably end up paying a lot of expensive fees and commissions, and third, most investors do not realize that there are some really big tax advantages to self-directing their retirement,” even if they opt to invest heavily in conventional assets.

Because Specialized IRA Services allows investors to direct their own capital in whatever manner they choose, Kelly, who has more than 24 years of experience in the financial services industry, observed there are a number of “little-known investment strategies” that may be leveraged to help people retire “sooner than they might have expected.” He went into detail about some of these strategies as they relate to real estate investing before taking questions from the audience.

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Categories | Article | Market & Trends
  • Carole VanSickle Ellis

    Carole VanSickle Ellis serves as the news editor and COO of Self-Directed Investor (SDI) Society, a membership organization dedicated to the needs of self-directed investors interested in alternative investment vehicles, including real estate. Learn more at SelfDirected.org or reach Carole directly by emailing Carole@selfdirected.org.

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