People who direct their own accounts need to have an expert in their corner who understands the details
CHARLOTTE, N.C. (PRWEB) December 03, 2018
The world of the Self-Directed Real Estate IRA can be confusing for those new to the concept, but American IRA recently released a list of Self-Directed Real Estate IRA terms to help retirement investors make sense of phrases like “cap rate” and “unrelated debt-financed income.”
In the glossary, American IRA points out that a Self-Directed IRA is a retirement account held by an investor who retains direct control of the individual investment decisions while including the choice of a custodian or broker. With Self-Direction, it is possible for an investor to utilize a wide degree of assets such as real estate to diversify out of the stock market and utilize retirement account protections for these assets.
Investing in real estate through a Self-Directed IRA affords a number of benefits like tax protection—but it also means that investors have to know what to do. According to Jim Hitt, CEO of American IRA, that’s why the company released a glossary of terms to help clarify the issue.
“There are a lot of confusing terms for someone who’s just started out in investing,” said Jim Hitt. “And when you write an article that uses a lot of these terms, it does not make sense. We decided to put out a glossary of Self-Directed Real Estate IRA terms to help people make sense of what they are reading—as well as understand why it is so important to give themselves the knowledge they need to handle something like a Self-Directed Real Estate IRA.”
The glossary goes on to define a wide range of terms, including Roth IRA, rollover, prohibited investments, probate, hard money loans, Fair Market Value, disqualified persons, and more. Some of these terms apply to all retirement investors, while others are more specifically directed at anyone who holds real estate within a Self-Directed IRA.
“This is why it is so important to work with a reputable Self-Directed IRA custodian,” said Jim Hitt. “People who direct their own accounts need to have an expert in their corner who understands the details.”
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."