2024 Converting a 529 Plan to Roth
Can I Convert a 529 Plan to a Roth IRA? Understanding the New Rules for 2024 Recent changes in financial planning impact education and retirement…
7 Updates to Self-Directed Plans
The new year brings significant changes to IRA, 401(k), and H.S.A. plans. These changes address the financial challenges many Americans encounter in their retirement planning.…
Tap Into a $40 Trillion Pool For Your...
The Federal Reserve’s Financial Accounts of the United States report is a crucial resource that offers insights into the state of retirement assets across the…
First and Second Lien Notes in Your IRA
Introduction Investing in lien notes has become an increasingly popular way for investors to diversify their portfolios and tap into the real estate market without…
What if You Inherit an IRA?
Inheriting a traditional IRA brings with it certain responsibilities and options. If you find yourself in this position, first step is to discuss this with…
Can a Minor Contribute to a Self-Directed IRA?
Any child, regardless of age, can contribute to an IRA provided they have earned income; others can contribute too, as long as they don’t exceed…
Joe Biden’s Proposed New Retirement Rule
Self-Directed retirement investing means the saver chooses their own assets and directs a custodian to fund these choices. Self-directed IRA providers are not fiduciaries in…
Cryptocurrency in Self-Directed IRAs
Cryptocurrency has gained popularity as an investment. It’s now a viable option for self-directed Individual Retirement Accounts (IRAs). This article explores the benefits of using…
6 New Exceptions to Withdrawal Penalty
In addition to the existing penalty exceptions, the SECURE 2.0 Act, effective December 29, 2022, introduces new exceptions to the 10% early withdrawal penalty from…
IRAs Affected by Corporate Transparency Act, Solo 401(k)s...
If you have an IRA-Owned LLC, be aware that in 2024, you will need to file a Beneficial Ownership Report due to the Corporate Transparency…
Can My IRA Hold Precious Metals?
In a regular IRA, you can to invest in traditional assets like stocks, bonds, and mutual funds. However, if you opt for a Self-Directed Gold…
Self-Directed IRA Rollover Rules
The IRS website is a valuable resource for understanding the intricacies of retirement plan and IRA rollovers. Initially, it provides a thorough explanation of the…
What’s Not Allowed in a Self-Directed IRA
Creating a Self-Directed Individual Retirement Account (IRA) offers investors a greater degree of control and as result, you have a wider range of investment options…
Self-Directed IRAs: Rules, Opportunities and Benefits
Introduction In the ever-evolving landscape of retirement planning, individuals are increasingly seeking ways to gain more control over their investments and potentially enhance returns. An…
Can a Partnership Have a Solo 401k?
When it comes to retirement planning for business partnerships, the Solo 401(k) emerges as a significant option. The term “Solo 401(k)” typically brings to mind…
Can a 457 Plan Be Rolled Into an...
Navigating the complex world of retirement plans can be a daunting task. You need to understand the intricacies of rollovers. A common question many people…
How to Rollover Your Previous Employer Plan to...
Navigating the realm of retirement plans can be complex, particularly when you’re considering rolling over your previous employer’s retirement plan into a self-directed Individual Retirement…
New 2024 Limits for Self-Directed Roth IRAs
Moving into the new year, it’s crucial for investors to stay updated on the changes affecting their retirement savings plans, particularly Self-Directed Roth IRAs. The…
What is a Self-Directed IRA?
When I speak with people about opening an account, I often start by asking them what type of retirement account they are considering moving to…
Understanding 1099 and 5498 Tax Forms: A Detailed...
Understanding your Self-Directed IRA and how it works is crucial to the success of your account. Each year, the custodian files forms 1099 and 5498…
