These days, perhaps more than ever, people are fending for themselves – especially when it comes to retirement savings and health care. Company pensions are as passé as gold watches, employer 401(k) matches are being reduced or eliminated, and more businesses are passing along the heavier costs of health care to employees.

Now, add in the lingering national and international economic downturn along with the instability it creates in the stock market, plus the unknown outcomes of U.S. health care reform. Tada! You have the perfect recipe for relentless insecurity.

Gain Some Control of Your Financial Future Right Now

With so much out of the individual’s control, it’s best to focus on what you can take charge of. That’s why a Self-Directed IRA and HSA are the perfect antidotes for a bad case of the insecurities. They give you a grip and a better chance of reaching your financial and life goals.

Here’s a quick look at the Self-Directed IRA and HSA and why they can help make a positive lasting difference in your life:

Self-Directed IRA Accounts

Beyond the tremendous IRA benefits of tax-free profits, tax deductions, asset protection and estate planning, a Self-Directed IRA enables you to make tax-free investments in what you know and understand (like real estate, renewable energy, precious metals, etc.), which through the power of compounding interest, will create true wealth for you and your family. Setting up a Self-Directed IRA is easy and this Seven-Point Checklist for selecting a Self-Directed IRA custodian will help you make an informed decision.

Health Savings Accounts (HSAs)

Coupled with a High Deductible Health Plan (HDHP), an HSA can reduce your health insurance premiums by as much as 70% while you set aside funds to pay for current and future medical expenses. Plus, an HSA provides a triple tax advantage: 1) Funds contributed to an HSA are pre-tax or tax-deductible 2) Any earnings on the money in your HSA are tax-free 3) Withdrawals for covered qualified medical expenses are tax-free. Read more about HSAs and health care reform to see how you can benefit from an HSA.

Want to discover even more about Self-Directed IRAs and HSAs? Contact an Equity Trust Retirement Specialist today at 1-888-382-4727.

Filed under: Uncategorized on May 13th, 2010