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American IRA a Self-Directed IRA Firm Releases Fourth Quarter Financial Checklist for Self-Directed IRA Investors


ASHEVILLE, N.C., Dec. 15, 2018 /PRNewswire-PRWeb/ -- Autumn and winter mean a number of things to different people, but for those who like to keep themselves financially prepared, it means one thing: the arrival of the fourth quarter. Recently, American IRA, a Self-Directed IRA firm based in North Carolina, released a financial checklist of sorts for those Self-Directed IRA investors who need to keep up on their finances.

The checklist included a wide range of topics of which Self-Directed IRA investors need to keep apprised?for example, required minimum distributions, or RMDs, need to happen before the end of the year for those who are 70 ½ or older during 2017. RMDs can be a source of headaches for those who do not realize that after a certain point, they have to begin withdrawing from their retirement accounts?but for those who self-direct, there is often little warning for these distributions.

Another item on the checklist: gifting. Transferring assets as gifts or executing rollovers of assets that are not currently liquid before year's end can require immediate planning for those who want to make this happen before December 31st.

"This guide is important for people who find themselves in a holiday lull," said Jim Hitt, CEO of American IRA. "It is tempting this time of year to find all sorts of excuses for not being fully up-to-date on your responsibilities financially. But we believe that the best way to go about managing a Self-Directed IRA is with a proactive approach: get the checklist out of the way before the holiday season and you will not have to worry as the new year creeps up."

The guide included a wide range of topics for people with Self-Directed IRAs. Because a Self-Directed IRA allows an investor to make their own financial choices with a high degree of freedom allowed by the IRS, it means that they will often find themselves responsible for certain filings and responsibilities throughout their financial lives. The checklist at American IRA highlights the important Self-Directed IRA milestones that have to be accomplished before the fresh quarter and a new year.

For more information and to view the guide, visit http://www.AmericanIRA.com. Interested parties can contact American IRA at 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


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