Your IRA (Individual Retirement Account) is a great retirement tool. Are you using it in the most efficient manner? Kirk Chisholm, Principal of the Innovative Advisory Group, shares some common misconceptions and mistakes people make with their IRA account. Kirk explains the difference is between a standard account and a self-directed account. He encourages investors to consider the self-directed approach because of its flexibility. He stresses the importance of understanding your investments and knowing your options. Listen now learn how to use an IRA account to its fullest potential.

Are you afraid the market might crash? If so, consider doing this:

Fear plays a part in every investor's decisions. Are you letting fear paralyze your investments or are you able to manage your financial anxiety? In 2013, Doug interviewed Nobel Prize winner Gary Becker, and discussed the role fear plays in people's financial decisions. Doug compiled a summary of the interview along with a list of tips for nervous investors. Click here to download the tips. Free Download: If You're Afraid the Market Will Crash, Here's What to Do Learn more about Kirk Chisholm at www.innovativewealth.com. He is offering a free resource for Goldstein on Gelt listeners, download: 9 Common Mistakes Made By Self Directed IRA Investors. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.