American IRA Recently Explains the Four Mistakes Self-Directed IRA Investors Make in A Blog

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In a recent post for American IRA, CEO Jim Hitt explained that there are some mistakes repeatedly seen with Self-Directed IRA investors. Jim Hitt detailed how to avoid these mistakes on the post published September 21st.

American IRA CEO

American IRA CEO, Jim Hitt

Because so many of today’s investors tend to stick to one asset class because they know it well and are comfortable with that asset class, retirement investors completely miss out on the benefits of portfolio diversification.

When Self-Directed IRA investors manage their own retirement accounts, there are some common mistakes that they tend to make, according to a recent blog post by American IRA CEO Jim Hitt. According to Jim Hitt, however, these mistakes can easily be avoided when investors educate themselves and know what a Self-Directed IRA can do.

The first mistake, according to Jim Hitt, is overpaying in fees. Because investments tend to make only a certain percentage on average every year, every percentage point in fees cuts directly into the returns that retirement investors may be looking for. When this happens, investors find themselves disappointed in the lack of results, even when they were doing everything according to plan.

“One of the great advantages in doing your Self-Directed IRA investing with American IRA, LLC, is our transaction-based fee structure,” wrote Jim Hitt. “Rather than paying a percentage of assets under management each year, which can add up to thousands or even tens of thousands of dollars per year, we adopted a simple, straightforward fee-for-transactions.”

For those who want to handle a lot of transactions in their own retirement investment account, using a fee-for-transactions as a flat rate can help. For those who don’t make a lot of transactions and simply want to watch their investments grow over time as they continue to buy into their account, the savings can really add up, according to the blog post.

Another mistake, according to Jim Hitt: not diversifying properly with retirement investments. Because so many of today’s investors tend to stick to one asset class because they know it well and are comfortable with that asset class, retirement investors completely miss out on the benefits of portfolio diversification.

To read about more of the mistakes Self-Directed IRA investors often make, click here. More blog posts from American IRA can be found at http://www.americanira.com/category/articles/.

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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