The Traditional IRA – Ways to Plan For Retirement Investment

If you have delayed planning your retirement investments and savings, then you must get started now. There are so many ways, resources, and experts available to help you get started. It may seem overwhelming, but it is not that hard once you know how and what to look for.

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Invest in Your Personal Development

No surprise, the best place to invest your money is in yourself. The rate of return in new skills or knowledge will always out pace any stock or piece of real estate on any day. Now the ROI sometimes may be a bit tricky to calculate. A good idea is to look at what you spent on your personal development and what results ended up happening. Perhaps you bough a book or an audio program and were so inspired, it gave you a fantastic business or productivity idea. This sort of result goes far beyond monetary. It can be life changing. So what is increased productivity, a higher income, or more freedom in your life worth to you?

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Determining to What Extent to Be Involved in the Investment

Most owners of rental properties are part-time investors who spend very little time managing their investments and derive very little of their income from it. I know this to be true. I have seen the statistics on the demographics of landlords in America and Canada (see the American Housing Survey 2009 update that comes out every two years put out by the U.S. Census Bureau and the Canadian Mortgage and Housing Corporation (CMHC) on the 2005 report References page in the back of this book for specific citations).

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