Many people are surprised to learn that you can own limited liability companies (LLCs) within a Self-Directed IRA. It is true, there are certain things you cannot own within a Self-Directed IRA, including S corporations, collectibles, art, alcoholic beverages, jewelry, gems and life insurance. But it is perfectly acceptable and legal to own an interest […]
Author Archive for: JimHitt
About Jim Hitt
This author has yet to write their bio.Meanwhile lets just say that we are proud Jim Hitt contributed a whooping 303 entries.
Entries by Jim Hitt
You need a financial lift. It is alright; everyone gets blindsided by a large expense at some time or another: your 30-year-old furnace gives up the ghost two weeks into winter, your car’s purring engine is sounding more like a death rattle, or your daughter has requested to have her wedding reception at that exclusive […]
Real estate deserves consideration in anyone’s long-term investment portfolio. Some investors are content to expose themselves to real estate via REITs and straight-ahead stock companies within a larger retirement portfolio. Many of our own clients find they can get better returns on investment via direct ownership of investment properties within their own retirement accounts, using […]
It is hard to keep up with the latest in fashion and technology, but that does not keep most of us from trying. Styles in clothing seem to change so quickly that you feel fortunate if you can wear an item for two years without feeling archaic. And smartphones have evolved into gigantic all-around tools […]
It can get confusing for the average retirement saver to know what is allowed and what is against the rules when it comes to contributing to a Self-Directed IRA. Of course, there are two types of IRAs—Roth and Traditional—and there are contribution limits and age limits to which you must adhere when using them. The […]
Real estate has been hot in recent years – and Charlotte, North Carolina, where American IRA, LLC maintains one of our two offices – is no exception. Recent sales figures are in, and Carolina Multiple Listing Service data for May of 2018 is showing an average sales price of a home in the general Charlotte […]
Most Self-Directed Real Estate IRA investors already know that you can charge rents on investment real estate, which can be reinvested for retirement or used to support current projects. But professional property managers also understand that your income opportunities are not necessarily limited to rental income. For Self-Directed Real Estate IRA property owners who are […]
Having your own Self-Directed IRA allows you to invest in real estate, business, and other opportunities not directly available through Conventional IRA or 401K plans. By establishing an LLC for this purpose, you maintain full control over your investment decisions (within standard IRS Guidelines). Checkbook Control IRAs require a specialized operating agreement. As the owner […]
College costs continue to soar. According to data from The College Board, tuition and fees alone now average $34,740 at private colleges, $9,970 for state residents at public colleges, and $25,620 for out-of-state residents attending public universities, just for the 2017-2018 school year just past. Plan on adding another $10,000 to $12,000 for housing for […]
Perhaps the most important decision when starting your Self-Directed IRA is how to begin and/or add to your funding. There are two ways you can do this, which are via transfer from an existing IRA account or by a complete rollover of one or more retirement accounts. Each method has strict procedures which should be […]
- How to Own an LLC Within a Self-Directed IRA – And Do it Right!
- Should You Take an Early Distribution from Your Self-Directed IRA?
- Due Diligence Checklist for Self-Directed Real Estate IRA Properties
- Is Cryptocurrency or Gold the Better Retirement Investment for a Self-Directed IRA?
- What is the Age Requirement to Contribute to a Self-Directed IRA?
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