What is americanira.com? The best company in the industry within which it operates? Is it one that you can rely on? Welcome to this review in which we shall review this company, which happens to be one that a significant number of investors are interested in.
Name of the company: American IRA
Official Website URL: https://americanira.com/
Overall Rating: (4.3 / 5)
Important to mention (before we go into more details of this review)
We always strongly recommend doing your own research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got commissioned salespeople.
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With that being said, let´s continue with the review on American IRA!
Table of Contents
- What is American IRA?
- The Services offered by American IRA, LLC
- How does American IRA Work? (How to Get Started)
- Does American IRA offer IRA services?
- Can you open a Precious Metal IRA with American IRA?
- Fees and payment methods for the services offered by American IRA?
- Is American IRA Genuine or Is It a Scam?
- Pros and Cons
What is American IRA?
American IRA, LLC is a company that was established by Jim Hitt, in 2004, with the aim of serving investors who are out to maximize the benefits of their IRAs. American IRA offers a wide variety of Self-Directed IRA plans, including:
- Traditional IRAs
- Roth IRAs
- Solo 401K,
The company has more than $400 million in assets under its administration, on behalf of thousands of clients who are distributed all across the nation. One of the main things that this company cites as a benefit is its competitive fees. Investors usually get a friendly fee schedule, which is designed with the investors’ needs in mind. They get a flat annual fee of $285, which covers unlimited assets as well as unlimited account values. There are no charges for the “all cash” accounts, so investors can expect to reap the maximum amount of income from the funds in their IRAs.
The company’s founders claim to have more than 40 years’ worth of experience in the industry. Its staff members are all trained to offer quick and efficient investment processing so that investors can start making progress within 48 hours.
N.B: American IRA, LLC is a 3rd party administrator on behalf of New Vision Trust Company, which is a state-chartered South Dakota Trust Company.
The Services offered by American IRA, LLC
American IRA, LLC is mainly out to offer its services to investors who want to open self-directed IRAs or 401Ks. As we have also seen, it offers 3rd party admin services on behalf of New Vision Trust Company.
As an individual, you may mainly benefit from this company’s self-directed IRAs. The mainly accepted SDIRAs for investing in alternative assets include:
- Real Estate IRAs
- Self-Directed IRAs for Private IRA lending
- SDIRAs for precious metals (gold IRAs)
- Self-directed IRA for private companies
- SDIRAs for investing in Tax Liens
- Self-directed IRAs for single-member IRA LLC
- Self-directed IRA for joint ventures and partnerships
- SDIRAs for brokerage accounts
- Self-directed IRA for other investment options
How does American IRA Work? (How to Get Started)
Like with several other companies of this kind that we have already discussed here, you can get started with American IRA by simply getting in touch with their support staff via call. This approach works best because you can get all answers to your questions right away.
You can also download the company’s self-directed IRA guides which are packed with information. Upon reading the guides and establishing that American IRA is capable of delivering the level of service that you’d need as you invest for your retirement years, you can either:
- Press the “open a new account” button at the top right corner of the company’s official website.
- Electronically sign the application forms, or download the forms, sign them, then send them to American IRA.
Upon following the above steps, an SDIRA expert at American IRA will get back to you, and hold your hand as you get started. The company also promises that you’ll have someone to attend to your requests at every stage of the journey.
Does American IRA offer IRA services?
Yes. As we have seen, this company is out to help its customers open SDIRAs and 401K accounts, as it also provides 3rd party admin services to New Vision Trust Company. Some companies focus on the provision of services to customers who want to invest in traditional assets, while in contrast, American IRA presents customers with the freedom to invest in a wide variety of alternative assets. We have already discussed the types of SDIRAs that this company has to offer, which anyone who qualifies (according to the company’s terms and conditions) can open and start investing through. I’d, however, recommend that you check out other alternatives in this industry, to ensure that you get the best deal at the end of the day.
Important: Please make sure that you know exactly what fees are associated before you sign anything, I have seen so many reports online of people getting surprised with so-called hidden fees that they had no idea about until it was too late. Transparency is what you want to look for in this industry.
**My #1 recommended gold & silver IRA company is 100% transparent + they got a few other benefits you might want to have a look at if you are interested in a new IRA, see this page
Can you open a Precious Metal IRA with American IRA?
Yes. You can open an SDIRA through which you can invest in precious metals such as gold and silver. The services offered by American IRA may be close to what you may get with gold and silver IRA companies, but not entirely of the same quality. Companies that exclusively offer gold and IRA services are bound to offer more refined services, which may make a huge difference.
As always, my advice is that you do not hurriedly search for a company that will help you invest for your retirement years- take your time, research, compare, and settle with the one that has a proven track record to deliver the best services.
See my #1 recommended gold & silver IRA solution on this page
Fees and payment methods for the services offered by American IRA?
When it comes to the fees and charges, here is what you should expect from this company:
- A one-time setup fee – $50
- Basic self-directed IRA fee – $285 per account (covers unlimited assets & unlimited account value. You will be required to pay $95 per transaction)
- Unlimited Account fee – $450 per account (unlimited assets, unlimited account value, & unlimited transactions)
- Minimum account cash balance – $750
The payment methods are not indicated, but you can always inquire about this from the support staff as you go about the account opening process.
Is American IRA Genuine or Is It a Scam?
American IRA is in my opinion a genuine company. It has some positive reviews on Facebook, that are accompanied by an average rating of 5 stars. This indicates that American IRA is a company that takes customer service seriously, as one can confirm by reading customer reviews. Here is an example of a review from one customer
“I joined American IRA just a few months ago and have had a great experience with the staff there. The American IRA Staff is knowledgeable and very helpful to get my questions answered and help me to do the tasks needed to and keep my transactions moving. Many Thanks to Amanda and all that I have had the privilege to talk with this far.”
As you can see the staff at American IRA are reliable and can be trusted to serve all clients effectively. Before getting started with this company to take advantage of its offerings, I would recommend that you also check out other alternatives.
**For precious metal investors – Have a look at these top-rated IRA service providers that offer precious metals IRA Services
Pros and Cons
- A reliable support staff team
- A wide variety of SDIRA services offered
- Friendly fees
- Customer education is taken very seriously
- Lots of resources for beginners
- Faces stiff competition from asset-specific IRA service providers such as gold and silver IRAs
Do You Own or represent American IRA?
If you are a representative, or associate of American IRA and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Overall Rating: (4.3 / 5)
American IRA is a company that has proven its worth in the years that it has been existent. From the customer reviews, this company takes customer service very seriously, hence is a viable option for those who’d like to open an SDIRA account. Provided that one qualifies, and they can pay the annual fees and have more than the stipulated account minimum balance, then American IRA seems like a good company to get open an SDIRA with. That said, there are still other established companies that can help you achieve your retirement investment objectives effectively, such as the ones I have recommended below:
Top-Rated Cryptocurrency IRA Companies (Good Options to Diversify Your Retirement Investment Portfolio)
Thank you for making it to the end of this review on what americanira.com is about, and the services that it offers. Hopefully, you now have sufficient information to help you decide whether you’ll open an SDIRA with this company, or you will simply work with other alternatives. Let me know if you have any more questions about it (drop them in the comments section and I will get back to you ASAP).
I wish you well,
Eric, Investor and Team Member at Gold Retired!