Jim Hitt, CEO of American IRA, says “We often hear that the reason people do not open self-directed IRAs is because they don’t know where to start. There are so many IRA companies out there and numerous investment options available and what they really need is someone to help explain how easy and beneficial investing with self-directed IRAs can be.”
Using a self-directed IRA is an increasingly popular concept in retirement investing. Currently, about one account in twenty is a self -directed, IRA, and that number is growing rapidly. Self-direction is an ideal solution for select investors who are dissatisfied with returns available in more conventional retirement investments, and who have experience and aptitude in other investment fields, including real estate, precious metals, tax deeds and liens, land banking, venture capital, farming and ranching, or nearly anything else under the sun.
Step 1: Open a New Account.
Step 2: Decide how to fund the new account and complete the necessary forms.
Step 3: Decide what to invest in and initiate the transaction.
Step 4: Avoid prohibited transactions.
Jim Hitt continues “People are amazed at how easy it is to open a self-directed account. It is as easy as opening a checking account at their local bank. They simply open the account, put money in and then purchase assets with the money in their self-directed account.”