James Hitt Releases New Blog "How to Do Your Due Diligence with a Self-Directed IRA"

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The SEC often announces alerts on fraud risk in some IRAs, specifically self-directed accounts. Recently, James Hitt of American IRA took time to clarify what these alerts in new blog "How to Do Your Due Diligence with a Self-Directed IRA".

American IRA CEO

American IRA CEO, Jim Hitt

What’s important to remember is that anyone using a Self-Directed IRA will want to ask as many questions as possible so that they can not only get their bearings, but that they can ensure their investments are legitimate and prudent.

Jim Hitt, CEO of American IRA, responded with thoughts on performing due diligence while using a Self-Directed IRA in a recent blog.

“I fully support performing due diligence,” said Jim Hitt. “When you self-direct your own retirement account, accountability is required. Taking some basic, precautionary steps to protect yourself from fraudulent schemes should always be part of the process for anyone beginning this journey.”

Jim Hitt also had thoughts on watching out for fraudulent schemes. “As CEO of a Self-Directed IRA administrator, it’s not my place to give investment advice,” said Jim Hitt. “I don’t point to one investment and say that you should make investments here, or there. But what’s important to remember is that anyone using a Self-Directed IRA will want to ask as many questions as possible so that they can not only get their bearings, but that they can ensure their investments are legitimate and prudent.”

For more information on these recommendations and Jim Hitt’s response, visit http://www.americanira.com/home-links/due-diligence-self-directed-ira/. They can also be contacted at 866-7500-IRA. SEC information for individual investors can be found at http://www.SEC.gov/investor.

About American IRA, LLC:

Click here to claim one of our 7 Self-Directed IRA guide(s).

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.

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Sean McKay
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