Jim Hitt of American IRA Responds to IRA Alert, Explains Rollovers with a Self-Directed IRA
Atlanta, GA (PRWEB) October 15, 2016 -- A recent “IRA Alert” authored by Ed Slott explained that the Internal Revenue Service has grown more “lenient” on 60-day IRA rollovers. Now American IRA CEO Jim Hitt is responding with his own take on the investor-friendly rules.
The IRA Alert noted that the IRS has recently released a “new” and “cost-free” way to complete a 60-day rollover through the use of self-certification. The procedure can now be used on missed deadlines, giving investors even more flexibility with rolling over their IRA funds.
A rollover is a movement of funds from a retirement plan to a private retirement account. This allows people who leave a company to keep and even move their assets from the company retirement plan into an account they have more control over.
Now, Jim Hitt is responding to this article, pointing out that if investors want more control over their retirement plans, rolling over to a Self-Directed IRA is another possibility.
“The process is simpler than it sounds,” explains Jim Hitt. Because Self-Directed IRAs are very much the same as other retirement accounts, rolling over can be easy. “Work with a reputable Self-Directed IRA administration firm and a roll over using these new advantages can not only be possible, but it can be expedient.”
The IRS allows for more freedom in retirement investing than many people realize, Jim Hitt noted. In addition to the new release from the IRS that allowed more flexibility with rollovers, investors with a Self-Directed IRA can have access to a wide range of potential investments, including real estate, precious metals, and even private lending.
“It’s good that this IRA alert showed investors what they can do,” said Jim Hitt. “Because that’s always been our message at American IRA—getting people to understand the full range of options available to them when it comes to controlling their retirement.”
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Sean McKay, American IRA, LLC, http://www.americanira.com, +1 (828) 257-4949, [email protected]
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