CHARLOTTE, NC / ACCESSWIRE / February 6, 2021 / What should investors know about a Self-Directed SIMPLE IRA? At a recent post at its company website, American IRA-a Self-Directed IRA administration firm-recently released information about what investors should think about when considering one. The post begins by explaining what a SIMPLE IRA is, explaining that it stands for Savings Incentive Match Plan for Employees. In the post, American IRA notes that this is a tax-favored retirement plan, available for certain eligible small employers. Self-employed individuals would be included among these eligible investors.
In the post, American IRA went on to detail how the SIMPLE IRA works. Employees can make contributions in such a plan, up to the contribution limit. Then, employers would contribute to the same plan with an employee match. The rules dictate that this be done, dollar for dollar-as the post says-to up to 3% of the employee's salary. For this reason, a SIMPLE IRA may be a great way for small businesses to incentivize employees to join with a particular company. Having retirement benefits as part of the overall compensation package can make a powerful reason for joining one company over another.
The post also addresses what sorts of investors might be matches for the SIMPLE IRA. Although American IRA points out that it is a Self-Directed IRA administration firm that does not make specific investment recommendations, the firm does include informational material on its website.
"We like people to know what the options are," said Jim Hitt, CEO of American IRA. "In this case, a Self-Directed SIMPLE IRA isn't always the first thing investors think about. But why not? It might be a match for specific investors who want to do exactly what the SIMPLE IRA makes possible. And with a Self-Directed IRA administration firm, investors are free to focus on nontraditional retirement assets through these accounts."
For more information about SIMPLE IRAs, visit the post at www.AmericanIRA.com. Interested parties may also contact 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 $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