Starting an Investment Retirement Account

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An investment retirement account should be planned by someone considering how much money they need at the end. Determine the purpose of an investment with help from a licensed insurance agent in this free video on retirement planning and personal finance.

Part of the Video Series: Retirement Planning
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Video Transcript

Hi, my name is Bill Rae. I'm a licensed agent and I've been in the financial field for well over two decades. The question today is how to start an investment retirement account. Very interesting question, especially notice the word investment. Are we talking about an individual retirement account? Or are we talking about investments in a broader sense? I'm going to assume that you mean investments in a broader sense which is very good. Investing requires you to have a plan of where you want to end up. When you start an investment retirement account, all one simply has to do is start at the end. Where do I want to end up? What's the purpose of my investment? In my plan, how much do I intend on trying to earn on an average? All these things are important questions you need to sit down and ask yourself. Then you can take a look at your investment retirement account and realize, it can start with just you. An investment retirement account can be anything from buying your first rental property to investing in mutual funds. My name is Bill Rae and I am helping you build wealth.

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