CHARLOTTE, NC / ACCESSWIRE / October 5, 2020 / Do Self-Directed IRAs really give retirement investors an advantage? A recent post at American IRA had the answer: sometimes. For retirement investors, Self-Directed IRAs are powerful tools that allow them to make investments beyond the traditional stock market. For example, retirement investors might make as far-ranging investments as real estate, precious metals, and tax liens. According to the post at American IRA, this broadens the potential range of diversification for retirement investors.
This combination of diversification and the tax protections of retirement accounts is a unique part of Self-Directing that many investors enjoy. But the post at American IRA was also quick to point out that a Self-Directed IRA is not a "different" account; what differs is how the account is managed. For example, a Traditional IRA and a Self-Directed Traditional IRA both hold the same rules. A Self-Directed investor is still expected to live up to the same rules as all retirement investors.
Where, then, do the benefits of investing in a Self-Directed IRA enter the picture? The post noted that while a Self-Directed IRA doesn't have specific tax advantages as opposed to other retirement accounts, the ability to more independently manage one's investments means "Self-Directing may make it easier to take advantage of the tax protections with a retirement account."
Have investors learned about these advantages? According to the post, which quotes Pew Research, there was a large increase in funds in alternative investments between 2006 and 2016. That my point to more investors using Self-Directed IRAs for alternative asset classes for their retirement.
A Self-Directed IRA does have the advantage of putting the investor in the driver's seat. Rather than waiting around and choosing from a select few funds, investors who direct their own retirement plans can build something broader and more diverse with a Self-Directed IRA. That, in turn, could lead to more peace of mind throughout the process of retirement investing.
For more information, visit the post at www.AmericanIRA.com. Interested parties may contact American IRA at 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