How to Use a Self-Directed Single Member IRA LLC
In setting up maximum freedom and flexibility in one’s retirement account, investors sometimes come to the conclusion that the best way to do it is to use a Self-Directed Single […]
Author Archive for: JimHitt
Entries by Jim Hitt
How Small Business Owners Can Use an IRA to Fund Their Retirement
When you are a small business owner, you know how much every dollar counts. No health benefits. No retirement benefits. And with an inconsistent budget, putting aside money towards savings […]
How Does a Self-Directed Real Estate IRA Help You Retire, As Opposed to the Usual IRA?
“A penny saved is a penny earned.” That old maxim about saving may be true, but when it comes to maximizing your retirement pennies, it always helps to pay attention […]
Self-Directed Checkbook IRAs: The Most Frequently Asked Questions (FAQs)
Holding Self-Directed Checkbook IRAs can be a convenient, flexible way to invest in retirement. But if you are new to the concept, it can be hard to make sense of […]
Should You Loan to Family Members? How to Use Private Lending in a Self-Directed IRA
It’s one of the most common questions in all of personal finance: should you loan money to family members? The possibility of having a family member owe you money can […]
How to Select the Best Self-Directed IRA Plan for You
What is the best Self-Directed IRA account for you? A Traditional IRA? A Roth IRA? A Solo 401(k)? A SEP IRA? It can all be overwhelming, particularly for someone who […]
Five Key Age Milestones to Pay Attention to With Your Self-Directed IRA
When you plan for your retirement nest egg, you need more than one number to hit. You need to know when you are going to have the funds set aside […]
The Importance of Avoiding Prohibited Transactions
Every person who saves for retirement with a Self-Directed IRA should use this recent court ruling as a sober warning on prohibited transactions. In June of 2019, Florida’s 11th Circuit […]
Leaving Your Job? Here’s What You Can Do with Your 401(k)
When you leave your employer, you have some decisions to make about what to do with any accumulated retirement balances (401(k). Whether you quit, get laid off, get fired for […]
How Exactly Does a Self-Directed IRA Work, Anyway?
Using a Self-Directed IRA can be a foreign concept to many people, but the truth is that it can be as simple an arrangement as you want it to be. […]