Entries by Jim Hitt

Why Do Some Investors Use a Self-Directed SEP IRA?

The SEP IRA, or Simplified Employee Pension plan IRA, is essentially a way for employers to put aside money for their employee’s retirement. Think of it as an easy way to create a retirement benefit within your company. However, even if you do have a small company—or even a company of one—it can be an […]

What Does Paperwork Look Like Within a Self-Directed IRA?

Paperwork. Unless you have a slightly odd passion for it, it is likely not your favorite phrase in the world. And yet for many of us, paperwork is essential. It stores our more important information, it executes our most important contracts, and it finalizes our most important investments. The good news is that if you […]

Catch-Up Rules for Self-Directed IRAs

In the world of retirement investing, it is always better to start earlier. Doing so allows you to take advantage of compounding returns, which is a fancy way of saying that the earlier you start, the more your tree can grow. But in the world of Self-Directed IRA investing, you might hear this aphorism: “The […]

Rules to Follow in the Self-Directed Real Estate IRA

A recent article in Forbes highlighted the different assets investors can own through a Self-Directed IRA: cryptocurrency, precious metals like gold and silver, startups, tax liens, and even foreign currencies. Yet when it highlighted real estate, Forbes noted, “there are a variety of special rules that govern investing in real estate via a Self-Directed IRA.” […]

What are the Unique Rules of the Self-Directed Solo 401(k)?

Many of us are familiar with the concept of a 401(k). It is a retirement plan that we typically get through an employer—and that employer often offers matching on our contributions, incentivizing us to make contributions throughout our working life. For this reason, a Solo 401(k)—especially a Self-Directed one—may not sound intuitive. That is why […]

Is a Self-Directed IRA Good in a Stock Frenzy?

Within the last month, we saw some incredible things happen on Wall Street. Most notably, a group of Reddit users known as “Wall Street Bets” took on the hedge funds in attempting a short squeeze on GameStop stock. This temporarily took over the financial headlines and had investors all over the world asking all sorts […]