The Top Five Reasons Why You Should be Trading in Your IRA
From sophisticated traders to financial neophytes to every type of investor in between, 46 million American households owned at least one type of IRA accounting for over $6.5 trillion in assets at the end of 2013. However, across all demographics people tend to ignore their IRAs and very few have a systematic method for growing their nest egg. Yet what could be more important than enabling a comfortable retirement? Passive investment management could be crippling your future.
Ironically, traders who actively trade with a cash account often fail to use the same management style for their retirement accounts. While many people will consult a financial professional, so few are aware that even novice traders can actively manage a portion of their IRA. And no, that doesn’t involve spending all day in front of your computer-you can spend as little as an hour a week to take control. Here are just five of the numerous reasons why you should be trading in your IRA account.