When is the Best Time to Open a Self-Directed IRA Account
There’s a maxim about taking action that applies to the world of Self-Directed IRAs as it does many other investments: “The best time to plant a tree was twenty years ago. […]
Author Archive for: JimHitt
Entries by Jim Hitt
Net Worth vs. Income Which is More Important for Self-Directed IRAs
When most people talk about retirement goals, they usually approach it from the standpoint of net worth. They want to be a millionaire by 65. By 75. They want to […]
Automating Your Self-Directed Solo 401(k) Investments
It’s easy to automate your finances when you receive a regular paycheck from an employer with an HR department and you have a 401(k) plan provided by them. And it’s […]
Why Real Estate IRA Investors Should Avoid Out-of-State Investments
Experienced Self-Directed Real Estate IRA investors sometimes own properties within multiple states to maximize their chances of success. But is this always a good strategy? For the beginner, it’s usually […]
Yearly Self-Directed IRA Changes that Retirement Savers Have to Watch
The strategy behind using a Self-Directed IRA is simple: put money aside in a tax-protected account and watch it grow until retirement. But many times, the yearly tax issues of […]
Stretch Your Self-Directed IRA Funds by Partnering Them
One of the benefits of opening a Self-Directed IRA is that it allows you to invest in alternative assets that you already understand. Many retirement investors choose real estate for […]
How to Minimize Risk in a Self-Directed IRA
Using a Self-Directed IRA to fund your retirement is a great way to expand your portfolio and secure some more financial freedom for yourself. But any investment strategy will include […]
Setting Yourself Up to Make Big Gains with Self-Directed IRAs when Stocks are Low
It’s every investor’s big fear: the stock market crashes, and your money is left inside. You do not want to sell and realize the big losses, but you are worried […]
How to Contribute to a Self-Directed CESA Even if You Make Too Much Money
The Coverdell Education Savings Account (CESA) is a powerful tool for setting aside money for your children’s education on a tax-advantaged basis. Contributions are not deductible. But they compound tax-free, […]
How to Use Catch-Up Investing in a Self-Directed IRA for Retirement Savings Later in Life
The first rule of investing is to start early. If you can “invest early, and invest often,” you can overcome even significant mistakes with the power of compounding interest over […]