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American IRA, LLC: American IRA Discusses How to Think About Self-Directed SIMPLE-IRAs

American IRA, LLC: American IRA Discusses How to Think About Self-Directed SIMPLE-IRAs CHARLOTTE, NC / ACCESSWIRE / April 10, 2021 / For some retirement investors, simply thinking about all of the options available can be a headache. Even for the so-called SIMPLE-IRA-the Savings Incentive Match Plan for Employees IRA-it is more complicated than it sounds. That s why American IRA, a Self-Directed IRA administration firm based in Asheville, North Carolina, recently released a post to help investors make sense of the SIMPLE-IRA, and what it means. The post began by defining the SIMPLE-IRA. This is essentially a way for you to use your small business…to set up a nice savings incentive plan, according to the post. The article then detailed the various characteristics of the SIMPLE-IRA. For example, in a SIMPLE IRA, employees can make contributions up to an allowable limit, wherein the employer can contribute to the plan and match the contributions dollar-for-dollar.

American IRA Discusses How to Think About Self-Directed SIMPLE-IRAs

American IRA Discusses How to Think About Self-Directed SIMPLE-IRAs
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American IRA, LLC: American IRA Discusses What Are the Potential Pitfalls When Funding a Self-Directed IRA

(1) ASHEVILLE, NC / ACCESSWIRE / April 9, 2021 / What are the potential pitfalls that investors should avoid when funding a Self-Directed IRA? According to a recent post at American IRA, a Self-Directed IRA administration firm based in Asheville, NC, pitfalls include not putting enough research into understanding the various funding methods, or not taking action quickly enough to make sure that a rollover is complete, which can potentially create a taxable event with the IRS. In the post, American IRA highlighted the different funding methods available for investors. For example, some investors simply choose to open an account and begin funding via direct contribution. This funding method is the most straight-forward and comes with straight-forward rules as it applies to contribution limits. For example, if a Self-Directed IRA investor opens a Self-Directed Roth IRA, they would be subject to the contribution limits of their age. But this arrangement also makes it easy to open an ac

American IRA Discusses What Are the Potential Pitfalls When Funding a Self-Directed IRA

American IRA Discusses What Are the Potential Pitfalls When Funding a Self-Directed IRA
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American IRA Discusses What Are the Potential Pitfalls When Funding a Self-Directed IRA

American IRA Discusses What Are the Potential Pitfalls When Funding a Self-Directed IRA
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