American IRA Discusses the Fundamental Facts About the Self-Directed IRA

ASHEVILLE, NC / ACCESSWIRE / February 1, 2021 / What are the most “fundamental facts” about a Self-Directed IRA? What do investors need to know? That was the topic of a recent post at American IRA, a Self-Directed IRA administration firm based in North Carolina. American IRA, which routinely takes to the company blog to explain basics and more advanced topics related to Self-Directed IRA investing, addressed some of the most fundamental facts that investors who are considering a Self-Directed IRA should learn.

For example, the post starts by answering perhaps the simplest and most direct question: what is a Self-Directed IRA? The post distinguishes this style of investing from a type of investment account. After all, a Self-Directed Roth IRA is just that: a Roth IRA. The “Self-Directed” portion comes from how investors choose to administrate the account. According to the post, using a Self-Directed IRA is advantageous for many because it opens up the possibility of investing in nontraditional retirement assets from LLCs and real estate to precious metals and private notes.

In another “Fundamental Fact,” American IRA talks about how Self-Directed IRA works. The specific topics explored here include penalties on early withdrawals, hardship conditions that make early distribution possible in the case of emergencies, and required minimum distributions, or RMDs, after a certain age.

“This is a vital post for anyone thinking about Self-Directed IRAs,” said Jim Hitt, CEO of American IRA. “Not only does it introduce the fundamental concepts, but it gets right into the details that separate this style of investing from other styles of retirement investing. Investors will see the differences-and similarities-from the other ways that investors might choose to put money aside for retirement.”

More information is available at the post, which goes into greater detail about the fundamental facts about Self-Directed IRAs.

For more information, visit the post by going to www.AmericanIRA.com. Interested parties may also contact the Self-Directed IRA administration firm by dialing 866-7500-IRA.

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

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