3 Ways to Fix an Excess Contribution
Investing in a self-directed IRA comes with some great tax benefits – and you can bet the IRS keeps a close eye on IRA transactions to ensure compliance with the tax rules. The IRS receives data from...
View ArticleBeware the Early Withdrawal Tax If You’re Under 60
One of the benefits of saving in an IRA is the flexibility to take withdrawals from your account at any time. But, because IRAs were designed to help individuals save for retirement, Congress created...
View Article401(k) Distribution Options When You Change Jobs
If you’ve been lucky enough to participate in a retirement plan at work, you’re already off to a great start saving for your retirement. When you decide to change jobs, make sure to maintain that...
View ArticleScheduling Annual Payments to Beat The Early Withdrawal Tax
Are you retiring early? Perhaps you’ve planned to use your IRA assets as a source of income at this stage of your life – or maybe you’ve had to stop working temporarily because of a health condition or...
View ArticleInheriting Savings From an Employer Plan
If you are the beneficiary of a workplace retirement plan account for someone who has died, your first inclination may be to withdraw the funds. You do not have to take your inheritance – and the tax...
View ArticleEstate Planning With IRAs
Careful estate planning can help individuals ensure that their financial matters are handled as they wish after they die. Although having an estate plan typically takes on more importance as...
View ArticleStretching IRA Beneficiary Payments
When inheritance comes in the form of an IRA, beneficiaries have a unique option available to them that not only spreads out the tax liability of their inheritance but allows the inherited IRA assets...
View ArticleMedical Professionals Investing in All Things Medical
A self-directed IRA account allows investments in asset classes and investment vehicles beyond traditional stocks, bonds, cash, mutual funds, and ETFs. This can include investments in medical and...
View ArticleCrowdfunding Investments with a Self-Directed IRA
Crowdfunding as a means to raise funds for start-ups and other ventures gained popularity as a result of the passage of the JOBS Act and the finalization of the SEC rules regarding crowdfunding....
View ArticleNo Double Dipping – New Laws for Deducting Charitable Contributions
Double dipping is uncouth when it comes to sharing food. But when it comes to tax laws, it’s typically prohibited – at least most of the time. For example, if you make a charitable contribution that...
View ArticleLegislative Update: SECURE Passage Slipping Away?
Both sides of the legislative aisle have expressed their support for enhancing American workers’ opportunities to save for retirement. But actually passing legislation to accomplish that goal has...
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IRA Rollover Opportunities for Financial Advisors
While the 401(k) plan may play a lead role in retirement savings collection, IRAs top the market for job seekers and retirees by providing more options for investment, consolidation, and retirement...
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Diversifying Your Portfolio Made Easy: Private Equity Investing
Self-directed IRAs offer access to a wide range of investment options including private equity. Whether it’s a commercial real estate investment, seed capital for a start-up, a capital raise for an...
View ArticleA Roth IRA Strategy to Help Pay College Expenses
College is expensive, and it’s not just about the tuition and school fees. Textbooks are costly, even the digital versions. Unless the student lives at home, there are boarding, food and transportation...
View ArticleWill my IRA affect my social security benefits?
While most retirees depend on their Social Security benefits for retirement income, Social Security was never intended to be a worker’s sole source of income during the retirement years. Social...
View ArticleCan the IRS take my IRA?
Monarchies and governments have been collecting taxes since Pharaohs ruled ancient Egypt. The methods for collecting tax may have changed through the years, but a state or federal taxing agency still...
View ArticleInherited an IRA? Understand Your Options
Because IRA owners receive tax benefits for saving in an IRA while they’re alive, the IRA tax laws require that IRA savings must be distributed after the IRA owner’s death. If you inherit an IRA, you...
View ArticleSTRATA Trust Company Reaches $2 Billion AUC Milestone
Asset growth ushers firm into the top tier as a premier national custodian for alternative assets and non-exchange traded investments in self-directed IRAs STRATA Trust Company (“STRATA”), a custodian...
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Rolling Over Retirement Savings
If you’ve recently changed jobs or retired and left behind retirement savings in your former employer’s retirement plan, you’re eligible to move those assets out of your former employer’s plan when you...
View ArticleIRA Contribution Limits for 2020
The IRS has announced the cost-of-living adjustments (COLAs) that will apply to tax-qualified retirement savings plans for the 2020 tax year. In some years, the increase in the cost-of-living index...
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