ASHEVILLE, NC / ACCESSWIRE / July 4, 2020 / Around 1% of all IRAs are self-directed, meaning that they are left under the control of the investor. With most people keeping their IRAs within another type of arrangement-especially for traditional investments like stocks and bonds-this opens the possibility that those who hold a Self-Directed IRA may find themselves open to questioning whenever the subject of retirement comes up. According to a recent post at American IRA, a Self-Directed IRA administration firm in North Carolina, there are some ways that Self-Directed IRA investors can answer these questions.
In particular, the post notes, there are more similarities with a Self-Directed IRA and the usual IRA than most people notice. The same rules will apply to a Traditional IRA, whether it's self-directed or not. As American IRA points out, the difference comes in the way the IRA holder chooses to administrate the IRA. With a self-directed arrangement, the investor then becomes responsible for more of how the IRA functions, but with the advantage of having more options for investing.
The article also points out how Self-Directed IRA investors can use these non-traditional assets with the tax protections of an IRA. For example, an investor can hold real estate within a Self-Directed IRA, allowing the money in the account to grow with those same tax protections. This makes a Self-Directed IRA particularly appealing to those with experience or budding interest in investing in real estate. Other non-traditional assets include private lending, private companies, precious metals, and tax liens.
"We like to point out that the Self-Directed IRA is off the beaten path, but it does not mean that it's not a good way to go," said Jim Hitt, CEO of American IRA. "There are people who can use the Self-Directed IRA to maximize the impact of their investing skills. With non-traditional assets in a Self-Directed IRA, they can realize tremendous growth. All they have to do is know how to set it up properly and follow the rules."
For more information on American IRA, visit the blog at www.AmericanIRA.com. Interested parties may contact American IRA at 866-7500-IRA (472).
About:
"American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in Asheville and Charlotte, NC and Atlanta, GA."
SOURCE: American IRA, LLC
View source version on accesswire.com:
https://www.accesswire.com/595930/American-IRA-Discusses-What-to-Tell-People-Who-Dont-Understand-the-Self-Directed-IRA
