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.
Charlotte, NC (PRWEB) September 14, 2016
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.
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