ASHEVILLE, NC / ACCESSWIRE / March 18, 2020 / When an investor holds a Self-Directed IRA, they open the possibility of investing in alternative retirement asset classes. Many of the most popular forms of assets within a Self-Directed IRA are within the real estate asset class. Others choose precious metals. But there’s a very powerful form of investing-making loans-that some investors choose, and it can help diversify a portfolio. That’s particularly true when utilizing different loan types, as a recent post at American IRA notes.
The Self-Directed IRA administration firm American IRA-which regularly posts information about Self-Directed IRAs and similar retirement topics-noted on its blog that there are a wide variety of loan types available for investors who want to use these loans within an IRA. For example, a business loan would qualify. In fact, many of the reasons for loans that many people are aware of could be used within a Self-Directed IRA, provided that the investor is not transacting loans with disqualified persons.
In an IRA, a “disqualified person” is a person of close relation who cannot transact with the investor’s IRA. For example, an owner of a Self-Directed IRA who purchases rental real estate cannot then turn around and rent that property out to a spouse, or a son or daughter. Since loans are common between people who would otherwise be “disqualified persons” within an IRA, this is an important distinction to make.
“Loans can be a secure form of asset class,” said Jim Hitt, CEO of American IRA, “at least as secure as any investment that carries a small amount of risk. But the reason so many retirement investors turn to loans in a Self-Directed IRA is that they’re not always sure the stock market is going to give them returns on a year-over-year basis. With a loan, an investor has the option of selecting their own borrowers and creating passive income for their IRA.”
For more information on the types of loans available with a Self-Directed IRA, interested parties can contact American IRA at 866-7500-IRA. For more information, visit www.AmericanIRA.com to read the blog or to find out more about Self-Directed IRAs in general.
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 and Atlanta, GA.”
SOURCE: American IRA, LLC
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