American IRAs' latest blog "Due Diligence in Self-Directed IRAs" is an important read for anyone that invests or is thinking of investing with their IRA.
Greenville, SC (PRWEB) August 27, 2014
American IRAs' latest blog "Due Diligence in Self-Directed IRAs" is an important read for anyone who invests or is thinking of investing with their IRA.
This blog draws an interesting parallel stating that the chances are good everything important people ever learned about investing they learned in kindergarten, such as look both ways before crossing, don’t get in a windowless van with strangers, check the weather before running outside, and more. Adulthood and investing – including IRA investing – is simply the application of these basic principles to ever more complex situations. In the investment context, the application of these basic principles of self-protection is called due diligence.
Due diligence is vital in any investment context – but it’s especially so for clients who use Self-Directed IRAs and other retirement accounts.
Readers of this blog will learn that due diligence is the analytical process by which any investor works to reduce the chances of and severity of loss, first, before it focuses on potential gains. Don't be fooled by the person selling the asset. Of course they will paint the upside...what they won't do is explain the downside. It is the investors responsibility to carefully analyze the investment and consult with their professionals before purchasing any asset.
This blog talks about where to find due diligence lists for assets along with a list of considerations that are important to every investor. It also delves into RMD rules, asset location, investment type, un-related debt financed income, and more.
Click here to read the entire blog.
About American IRA, LLC:
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American IRA is committed to providing every client with gold-level service, regardless of account size. Experience their expertise through their certified IRA services professionals. Enjoy the value with one low annual fee of $285 with unlimited assets and unlimited account values. American IRA clients love the benefit of no charge for "All Cash" accounts. The performance of the American IRA staff is unmatched, with quick and efficient processing within 48 hours.
American IRA services thousands of clients and has over $300 million in assets under administration.
American IRA was built by investors for investors, and brings their successful investment experience to the table, providing excellent educational material showing the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
American IRA is conveniently located in Asheville, NC and Charlotte, NC, and serves clients nationwide.