American IRA Releases Guide to Choosing the Right Account

ASHEVILLE, NC / ACCESSWIRE / September 30, 2020 / How do investors know which retirement account is right for them? Recently, at American IRA – a Self-Directed IRA administration firm-the blog took on that very question, asking how investors can not only gather the information they need to make a decision, but ultimately choose the best retirement account suited for their goals.

The post started out by mentioning the Self-Directed Traditional IRA and Roth IRA, and the differences between these two accounts. The Traditional IRA, for example, is the oldest retirement account available, and for many investors, it can be the first place to look. It allows for before-tax investing thanks to deductions on contributions. The Roth IRA, however, is unique from this account because it allows for after-tax investing. Upon retirement, individuals can simply make withdrawals from a Roth IRA tax-free.

Knowing these subtle differences, the post argues, is key for investors who are trying to make a decision as to the makeup of their own portfolio. Investors have to consider their individual investing situation, for example, to know which account type might be most advantageous.

The post also highlights other types of Self-Directed accounts, such as the Solo 401(k) and the SEP-IRA. These are two types of retirement accounts that allow for high contributions every year, which makes them especially attractive to investors with a lot of money to put away in a hurry. (However, it is worth noting that there may be "catch-up" contributions available to certain investors with accounts like the Roth IRA, depending on age).

"There's more to retirement than what investments people select," said Jim Hitt, CEO of American IRA. "At a certain level, investors also need to choose the vehicles they'll use to take them to their retirement. This post is all about those vehicles. Which are the top accounts people use, and why do they use them? At American IRA, we like to publish informational content that talks about these accounts, so people know what their options are."

Interested parties may contact American IRA at 866-7500-IRA or visit the website at www.AmericanIRA.com.

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 and Atlanta, GA.

SOURCE: American IRA, LLC

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