ASHEVILLE, NC / ACCESSWIRE / January 15, 2021 / Risk tolerance is always a major concern for investors. And for investors who are unsure about how a Self-Directed IRA may impact the risk tolerance of a retirement portfolio, American IRA-a Self-Directed IRA administration firm based in Asheville, NC-recently released a post. The subject of that post: how investors who are considering a Self-Directed IRA should think about risk tolerance, and what investors need to know about risk when measured against a Self-Directed IRA.
According to the post, risk tolerance is something that every investor is free to choose in a portfolio, when using a Self-Directed IRA. American IRA pointed out that in its role as a Self-Directed IRA administration firm, it does not make specific investment recommendations to clients. Instead, it serves to administrate and facilitate the transactions that make a Self-Directed IRA possible. It acts as an IRA 'custodian.' This puts the investor in charge of a retirement portfolio's risk profile.
As the post pointed out, this level of customization means that investors are free to choose a risk profile. For example, an investor may choose to include risky real estate assets in a portfolio. Or an investor might choose more solid, conservative real estate assets. An investor may also choose from the different non-traditional retirement assets available-precious metals, tax liens, etc.-to build a portfolio with a risk profile that suits the investor's needs.
The point, according to the post, is that a Self-Directed IRA does not have to be inherently more 'risky' than a traditional retirement arrangement, such as an employee-sponsored plan.
'People have this idea that Self-Direction is inherently more risky,' said Jim Hitt, CEO of American IRA. 'And it is not only incorrect, but it's the wrong way to think about it. Self-Direction means investors will have more freedom to choose for themselves. And while that can be risky, it can also be as conservative as an investor chooses.'
The post explained a few key points, with the goal of helping potential Self-Directed IRA investors better understand the concept of risk within a Self-Directed IRA portfolio.
'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
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