What are the most pertinent Self-Directed SEP IRA questions? American IRA has those—along with its answers—at a recent post.
ASHEVILLE, NORTH CAROLINA, USA, July 1, 2023/EINPresswire.com/ — Because Self-Directed IRAs are getting plenty of attention, many investors may be wondering about Self-Directed SEP IRAs, according to a recent post at American IRA. SEP IRAs are retirement accounts with high contribution limits that allow investors to put plenty of money aside for retirement. When self-directed, it’s possible to use these accounts for all sorts of retirement investment possibilities, including real estate, precious metals, tax liens, and more. And because this may sound like a new idea to many, American IRA’s most recent post tackles the most pertinent questions of those who are wondering about SEP IRAs.
For example, the first question is simple: what is a SEP IRA? American IRA notes that the SEP stands for Simplified Employee Pension, which hints at the purpose of these accounts. They’re for business owners and self-employed individuals who need some incentive to save for retirement. American IRA also asks—and answers—the question of who is eligible for Self-Directed SEP IRAs, noting some of the specific requirements involved, such as working with the business in question for at least three of the last five years.
What are the contribution limits for a Self-Directed SEP IRA? They can vary. The article goes into greater detail about what to expect with Self-Directed SEP IRA limits, quoting the IRS website for the latest information. Unlike with Roth IRAs, for example, which tend to have fairly predictable contribution limits, an individual’s situation may matter more in determining the limits on a SEP IRA. That’s why American IRA recommends that investors seek out a tax accountant or financial advisor for more relevant information on specific situations.
These aren’t the only questions highlighted at the recent post. American IRA’s goal, however, is to educate people who may not know about the SEP IRA but may be eligible for using one. And with the power of self-direction, investors can potentially have more flexibility with these retirement accounts than they might imagine.
American IRA frequently publishes content about Self-Directed IRAs, including specific accounts, at its blog at www.AmericanIRA.com. Interested parties may also reach out to the Self-Directed IRA administration firm American IRA by dialing 866-7500-IRA.
“American IRA, LLC was established in 2004 by Jim Hitt, Founder 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 $700 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, North Carolina”