Month: August 2024

The Rise of 401(k) Millionaires: How Ordinary Savers are Achieving Extraordinary Wealth Introduction The term “401(k) millionaire” may sound like an elusive goal for many,…

Roth Contributions to SEP and SIMPLE IRAs: Understanding SECURE 2.0 Changes The SECURE 2.0 Act, a significant legislative update aimed at improving retirement savings options…

Who is a “Baby Boomer”?  It’s a person born during a period of time in which there is a marked rise in a population’s birth…

An IRA-Owned LLC (also known as a Checkbook Control LLC) is a type of limited liability company (LLC) that is owned by a self-directed IRA…

The 50-Percent Rule is a critical aspect of the Internal Revenue Code (IRC) Section 4975.  This Section governs prohibited transactions involving IRAs (Individual Retirement Accounts)…

Retirement is a significant milestone, representing the culmination of decades of hard work and planning. But a key question remains: Have you saved enough to…

Investing in multifamily real estate has long been a preferred strategy for building wealth due to its potential for steady cash flow, appreciation, and economies…

Contributions vs. Profits At uDirect IRA Services, we frequently receive questions about rolling over a 401(k) to a Self-Directed IRA (SDIRA) and how the profits…

Found an error on your bank statement?  Then do you realize that too much time has passed to have it easily corrected? You’re not alone.…

IRS Releases Final RMD Regulations: Key Changes and Impacts On July 18, 2024, the IRS released the much-anticipated final regulations on Required Minimum Distributions (RMDs). …

What Asset Classes Make Sense in 2024 to Build Wealth in a Self-Directed IRA (SDIRA)? As we navigate the financial landscape of 2024, investors are…