4 Reasons to Invest Your IRA
If you contribute to an Individual Retirement Account (IRA), you already know it’s a powerful savings resource. Yet, as your financial goals and life stages change, your retirement planning should evolve with them. So what’s next? If you’re interested in achieving long-term growth, exploring your Investment IRA choices might be the answer.
Here are four reasons why you may want to invest your IRA savings:
1. Grow at a higher pace that exceeds inflation.
Even if you have a conservative approach to investing, keep in mind that stocks historically have provided higher long-term returns than cash alternatives.* Cash alternatives such as money market accounts may be relatively safe, but they are most likely to lose purchasing power.
2. Customize your investment needs.
Whether you have some investing experience or are just getting started, an Investment IRA can help you customize your retirement plan based on your timeframe (how long you have to save). The amount you consider keeping in growth-oriented investments also depends on your tolerance for risk.
3. Identify and fill potential gaps.
Shifting some of your assets to investments may bridge income gaps during retirement. Even if you are at or near retirement, keeping some of your funds in growth-oriented investments could have the potential to outpace inflation and prevent potential gaps.
4. Gain access to hundreds of products for all levels of risk tolerance.
By investing your IRA savings, you can potentially increase your retirement income by gaining access to a wide range of investment choices.* Investment IRAs can consist of a variety of financial options, including stocks, mutual funds, bonds, annuities, certificates and other investment products. Balancing your risk tolerance and timeframe is important to successful investing.
Article prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2018; June 2018
*Investments are not guaranteed and will fluctuate with market conditions, so that upon redemption the investment including the principal value may be more or less than originally invested.
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