Entries by Jim Hitt

What You Need to Know About Accredited Investors

There’s a good chance that you have encountered the term “accredited investor” while you were researching an alternative investment recently. Not all that long ago being an accredited investor seemed to be the equivalent of being a member of a secret society. Today, with newly relaxed regulations and an increased interest in alternative investments, accredited […]

Five IRS Resources for Self-Directed IRA Savers

There’s a misconception out there: that the IRS is out to get you. It’s not. When you play by the rules, the IRS and Congress have made a lot of concessions for retirement savers. But it’s not only important to know these rules—it’s vital to understand that the IRS will even make resources available to […]

Dividend Investing Strategies with a Self-Directed IRA

Why would someone looking to build a retirement nest egg care about dividends? The most obvious answer here is that dividends are the purest form of passive income. All you have to do is own a dividend-paying investment and you will watch your account grow bigger. Own enough dividend-paying investments after a certain age and […]

How to Reinvest Profits from a Self-Directed IRA

You do not need a Self-Directed IRA to earn profits. In fact, one of Warren Buffett’s first investments, according to Entrepreneur, was not an expertly-placed pick in the stock market. It was a used pinball machine. Buffett and a friend installed the machine in a barbershop and it was popular enough to earn them a […]

Five Tips Everyone Should Know Before Starting a Self-Directed IRA

When Mitt Romney disclosed that he held potentially hundreds of millions of dollars in retirement accounts thanks to self-directing and choosing wise private investments, it sent shockwaves through many retirement investors. How was it possible to hold that much money within a retirement account when the contribution limits are so low? The answer, of course, […]

Is the Fiduciary Rule Making a Comeback?

The Department of Labor’s (DOL) fiduciary rule, initially created under the Obama administration, was scheduled to be phased in from April 10, 2017, to January 1, 2018. As of June 21, 2018, The U.S. Fifth Circuit Court of Appeals officially vacated the rule, effectively killing it. Now, language from the Department of Labor Secretary, Alexander Acosta, stated […]