ASHEVILLE, N.C., Oct. 29, 2018 /PRNewswire-PRWeb/ -- With the Self-Directed Roth IRA as a flexible and powerful tool to allow investors to protect their assets, it only makes sense that many investors are interested in using one for themselves. But the way in which investors can use a retirement account like this can vary wildly. That is why American IRA, based in North Carolina, recently explained the Backdoor Self-Directed Roth IRA by publishing a blog post about the concept.
With the Self-Directed Roth IRA, the post noted, investors have access to a diversified group of asset classes, including real estate and precious metals. And with the proper planning, investors can use this kind of investment with a "stretch Roth IRA" technique and get more for their value then most investors might imagine.
"There is a lot of tax planning and explanation going on in this post," says Jim Hitt, CEO of American IRA. "We think it is important at American IRA to explain to people that we do not only know why a Self-Directed Roth IRA is great, but that we are the kind of people who understand what it is all about. Although we do not give specific financial advice as a Self-Directed IRA administration firm, we do help people by serving as a custodian for these accounts."
The post went into detail as to how investors can utilize a Self-Directed Roth IRA by undergoing a process called "conversion." One major consequence to this process: paying income taxes on any amount converted into a Self-Directed Roth IRA from a Traditional IRA. But this initial tax bill can be worth it to many people, because the money in the account then grows tax free after the taxes have been paid.
"There are a lot of ways investors can get the most out of their investment dollar," says Jim Hitt. "We like to highlight some of the different aspects to accounts like these to help demonstrate why they are such powerful vehicles for wealth."
Investors interested in learning more can check out the blog post at http://www.AmericanIRA.com or call 866-7500-IRA.
About:
American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating 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.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in Asheville and Charlotte, NC.
SOURCE American IRA, LLC
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