CHARLOTTE, NC / ACCESSWIRE / April 7, 2021 / Investors who use a Self-Directed IRA often use it to own retirement property, much of which is held in the United States. But is it possible for Self-Directed IRAs to use nontraditional assets to diversify internationally? The latest post at American IRA delves into this topic by specifically broaching the subject of internationally owned real estate, and whether or not it can be held within a Self-Directed IRA.
The short answer is that yes, the IRS makes it possible for investors to hold a lot of different assets such as real estate, precious metals, and tax liens within an IRA. But the post also points out that just because an asset such as a piece of real estate can be held internationally does not mean that investors have suddenly found a loophole to break the rules. For many investors, owning international property can be a temptation to break the IRA rules, such as visiting the property for personal use. This would create a problem, as Self-Directed IRA investors are expected to keep their personal lives separate from the assets within the retirement account.
For many investors, international diversification is as simple as purchasing an international fund with a traditional retirement account. However, the broad variety of assets available through self-direction does introduce investors to other possibilities. The recent post at American IRA touches on these possibilities.
"This post is aimed at people who want to understand what international diversification can look like within a Self-Directed IRA," said Jim Hitt, CEO of American IRA. "And the truth is, international diversification can be pretty simple to understand-as long as investors know the rules and follow the rules."
The post also touches on a few other topics related to the rules of the Self-Directed IRA, and how to avoid letting international diversification serve as a temptation to break them.
For more information on the Self-Directed IRA and holding international assets, interested parties may visit the post at American IRA's website, www.AmericanIRA.com. Additionally, reach out to American IRA by dialing 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 $500 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, LLC
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https://www.accesswire.com/636447/American-IRA-Discusses-Can-a-Self-Directed-IRA-Be-Diversified-Internationally
