ACCESSWIRE
11 Jul 2020, 17:19 GMT+10
CHARLOTTE, NC / ACCESSWIRE / July 11, 2020 / Using a Self-Directed IRA is a strategy investors can use to invest into the equity of private companies. This is one of the nontraditional retirement assets that Self-Directed IRA investors have access to when using a Self-Directed IRA. But what are the quirks of this individual strategy, and how does investing in private companies work with a Self-Directed IRA? Those are some of the questions recently posed-and answered-at a recent post at American IRA.
American IRA, a Self-Directed IRA administration firm, took to its blog at www.AmericanIRA.com to talk about the possibility of investing in private companies with a Self-Directed IRA. While the Self-Directed IRA administration firm mentioned that it does not make specific financial recommendations to clients-since it is not a financial advisor-it did explain how investing in private companies through an IRA would work. Specifically, it noted that investors would fill out a 'buy direction letter' that directs the administration firm staff to purchase shares on behalf of the IRA.
The post also detailed specific rules to pay attention to as it relates to investing this way. For example, an individual would not be able to invest in the company of someone they know-also known as a 'disqualified person'-as this would be a personal benefit and therefore a prohibited transaction. Retirement funds in any account, Self-Directed or not, have to follow these rules.
The post also noted the process of 'fair market valuation,' in which case the company presents a valuation to shareholders. This helps the shareholders evaluate their assets for the purposes of proper reporting.
'At American IRA, we see a lot of interest in investing in private companies,' said Jim Hitt, CEO of American IRA. 'This post is directed to people who are interested in this kind of asset so they can better understand how it works when using a retirement account.'
For more information, visit the post at www.AmericanIRA.com. Those interested in contacting American IRA can dial them 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 and Atlanta, GA.'
SOURCE: American IRA, LLC
Get a daily dose of Pennsylvania Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pennsylvania Sun.
More InformationPresident Joe Biden has issued an executive order that overturns a ban on transgender people serving in the U.S. military.In ...
NEW DELHI, India - India and China have agreed to push for an early disengagement of the frontline troops in ...
PanARMENIAN.Net - There is some evidence that a new coronavirus variant first identified in southeast England carries a higher risk ...
AMSTERDAM, Netherlands - A Canadian man, one of the world's most wanted fugitives, has been arrested by the Central Unit ...
LOS ANGELES, California (ANI/Big News Network) - American award-winning TV and radio host Larry King, who became a household name ...
PanARMENIAN.Net - Hong Kong's government declared its first lockdown on Saturday, ordering thousands of people to stay in their homes ...
NEW YORK, New York - Wall Street got the wobbles on Monday after a sell-off in Europe and the UK. ...
Washington [US], January 25 (ANI): Potterheads have a reason to rejoice as a new 'Harry Potter' television series is currently ...
SYDNEY, NSW, Australia - Stocks hit the floor running on Monday in a positive start to the new week.Futures trading ...
The massive campaign organized by India's farmers against laws to deregulate the agricultural sector has entered its ninth week. The ...
Dutch airline KLM is to lay off up to another 1,000 people, following the 5,000 job losses of last year.Like ...
ALBUQUERQUE, New Mexico - Nearly 60 percent of residents rate Albuquerque's quality of life as excellent or good, according to ...