Entries by Jim Hitt

The Best Self-Directed IRA Accounts for Budgetary Flexibility

Before COVID-19 hit, many Americans were already hurting. In 2019, it was reported that many Americans couldn’t even make a $400 emergency payment—that’s how razor-thin their budgets were, as many in the middle class lived paycheck-to-paycheck. How, then, should someone expect that the common investor can put aside money for retirement when asset prices are […]

Who Benefits From a Self-Directed Checkbook IRA?

A Self-Directed Checkbook IRA is a key retirement strategy for many investors. But who is most likely to benefit from this type of arrangement, and why is that the case? In this article, we’ll explore the types of investors who often benefit from a Checkbook IRA. Although a Checkbook IRA is a highly independent style […]

FIRE: The Best Cities for Self-Directed Real Estate IRA Investing for Financial Independence and Early Retirement

The term FIRE stands for “financial-independence, retire early.” And it is a realistic goal if you have the discipline. The term was coined by a Wall Street broker named Joe Dominguez, who worked hard in a very lucrative profession while he was young and saved and invested aggressively. He achieved financial independence early in life […]

An ERISA Primer – What You Need to Know About ERISA Retirement Plans

ERISA stands for “Employee Retirement Income Security Act of 1974.” This was a federal law passed to encourage Americans to save for their own retirement security, as well as to provide a framework for employers to establish and contribute to employer retirement plans. ERISA also established the IRA as we know it, though the Roth […]