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Take control of retirement nest egg by investing in non-traditional markets 2010-04-27 Many retirement-age individuals rely on income investments in the form of stocks and bonds as a way to generate retirement savings. Retirees vested in the stock market may consider a non-traditional investment option in order to gain more control over retirement investments, according to the Portland Press Herald. Self-directed retirement accounts allow retirees to invest retirement income into markets they hold knowledge in, reports the Press Herald. A retiree who spent his or her career in food industry, for example, may feel more comfortable investing in a restaurant business rather than a mutual fund that they may know less about. Investing in markets that a retiree understands may also help them gauge the level of market volatility in that specific sector, giving them more control over the investment and reducing the risk of jeopardizing their retirement income in an unfamiliar market. Retirees considering this option should consult an advisory service firm to better understand the rules and tax implications of SDRAs, the Press Herald reports. Millions of Americans invested in the stock market lost unprecedented amounts of retirement income, savings and assets during the economic collapse. SDRAs may give retirees a better sense of well-being regarding their retirement income.  |
