Business American IRA Discusses Warning Signs of a Bad Self-Directed...

American IRA Discusses Warning Signs of a Bad Self-Directed IRA Administration Firm

-

- Advertisment -sslate

What are the potential warning signs that a Self-Directed IRA administration firm is not going to be all it is cracked up to be? That was the question recently posed at a post at American IRA’s blog. In the post, the Self-Directed IRA administration firm examined issues such as experience, payment structure, and professionalism to give potential investors an idea of what to look for.

The post started by introducing one potential warning sign: lack of experience among the leadership at the administration firm. Because a Self-Directed IRA administration firm serves as a custodian on Self-Directed IRA accounts, the post argues that experience is important, providing the staff of an administration firm with critical skills unique to the Self-Directed IRA. It is a different type of retirement account arrangement, requiring administration that understands how Self-Directed IRAs work.

business

The second potential warning sign, according to American IRA, had to do with payment structure. Payment structure can sometimes result in an investor paying more as a retirement account grows. But American IRA argues that a flatter payment structure is more beneficial for investors, allowing the money to grow within the account while the fee remains flat. That means that the fees, as a percentage of the portfolio, can actually shrink over time.

The third issue pointed out was the lack of professionalism, an issue that investors might find a problem within any type of investing arrangement.

“People want to be confident that they’re working with a good Self-Directed IRA administration firm,” said Jim Hitt, CEO of American IRA. “This post takes that concept and makes it specific. What are the actual warning signs that an administration firm is not on the level? How do you find someone you can trust? This is the type of post that investors who are in the first stages of seeking out a Self-Directed IRA can really benefit from.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

What Travelers Can Expect as Overdue Summer Plans Take Shape

The webinar is Tuesday at 11:30 a.m., sponsored by AARP, Portland International Airport and Travel Oregon.

There’s A Growing Trend Of Research Into The Benefits Of Music Education, So Why Is It Still Seen As An Extra?

In a recent review of studies into the benefits of music education, Stars & Catz found that academic interest in the topic has taken off since 2008.

Laid-Off Workers Left to Make Do as Businesses Get Relief

Laid-off workers who had to fight through Florida's broken unemployment system were promised relief with increased benefits.

Pell Grant Overhaul Would Expand to DACA Students, Certificate Programs

Kaine's Jumpstart Our Businesses by Supporting Students Act (JOBS Act) bill would let students use Pell Grants for short-term certificate programs.
- Advertisement -

Caravan to Immigration Center Supports Detained Mothers

A Northwest car caravan is heading to an immigration detention center this weekend to support mothers who've been detained there.

Ted Talks Discovers Where ‘the Holy Grail’ is in Valencia (Spain)

The prestigious American platform with more than 30 million followers on You Tube has published for the first time in its history a conference dedicated to the Holy Grail.
edealo.com
- Advertisement -Circuit City
transformerscon

Must read

What Travelers Can Expect as Overdue Summer Plans Take Shape

The webinar is Tuesday at 11:30 a.m., sponsored by AARP, Portland International Airport and Travel Oregon.

There’s A Growing Trend Of Research Into The Benefits Of Music Education, So Why Is It Still Seen As An Extra?

In a recent review of studies into the benefits of music education, Stars & Catz found that academic interest in the topic has taken off since 2008.
- Advertisement -sslate

You might also likeRELATED
Recommended to you