The key to all of this IRA lending is knowledge,” said Jim Hitt. “When you lend, knowledge is power.
Atlanta, GA (PRWEB) October 15, 2016
These days, directing one’s own IRA might be popular, but it’s important to know how to manage it. So goes the argument in the latest blog over at American IRA, which recently talked about using a Self-Directed IRA in order to handle IRA lending.
The blog post, authored by American IRA CEO Jim Hitt, touched on a few points that are meant to help investors both realize their limits with these kinds of accounts as well as their advantages.
“If you’re new to the world of Self-Directed IRAs, then it only makes sense that tax-protected investment accounts being used for loans is news to you,” wrote Jim Hitt. “If you know how you want to build your wealth and you know that directing your own IRA is the way to get you there, you're in good shape.”
Featuring tips and explaining the prohibited transactions in an IRA at length, Jim Hitt was sure to touch on a number of issues related to using a Self-Directed IRA and lending. While he argued that a Self-Directed IRA is a great way for investors to build a nest egg built on different kinds of asset classes (not just stocks and bonds), Jim Hitt also made sure that readers understood the prohibited transactions that could get them into trouble.
The blog came as a response to a recent post at Private Money Lending Guide, which itself touched on the various issues related to IRA lending with a Self-Directed IRA.
“The key to all of this IRA lending is knowledge,” said Jim Hitt. “When you lend, knowledge is power, whether you’re using an IRA or not.”
Click here to read the blog post in full.
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