Exceptions to Withdrawal Penalties

Exceptions to Withdrawal Penalties in a Traditional IRA Sometimes we have to break into the piggy bank also known as our IRA.  When you have a Traditional IRA and you take a withdrawal from your account before you reach the age...

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Passive Real Estate Investing

So you want to be a passive real estate investor?  Congratulations!   90% of the world’s millionaires do this to create wealth. Problem is you have job and can’t spend all your time inspecting properties, dealing with tenants and...

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How to Invest in Notes in Your IRA

by Eric Petrus, Transaction Manager, uDirect IRA Services Promissory Notes, both secured and unsecured, have become very popular with account holders as an investment option for their IRA.  Investing in Promissory Notes can be done via a new Note, or the purchase...

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What is a 1099 & 5498?

Did you get a 1099 or 5498 form in the mail? Here is a brief explanation of the 1099 and 5498 Tax Forms. The 1099 Tax Form ...is initiated any time funds are distributed from an IRA account.  This includes funds that...

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How can an Entrepreneur Benefit from a Self-Directed IRA?

Being an entrepreneur has its challenges and it also has its rewards.  It was in September that Richard first came up with the idea for his company, a tech start-up with huge potential.  Like all ground-level entrepreneurs he needed...

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IRA Owned LLCs – Can your Roth and Traditional Co-Invest in One?

IRA Owned LLCs – Can your Roth and Traditional Co-Invest in One? The answer is "yes" your Roth and Traditional IRAs can co-invest, but this situation creates some issues that make us uneasy about unsophisticated account holders: Funding the IRA-Owned LLC If...

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Good News for Retirement Savers in 2019

2019 Means More Savings in Retirement Accounts Recently the Treasury Department announced inflation-adjusted figures for retirement account savings for 2019, and its good news for retirement savers.  Traditional and Roth IRAs see their first contribution limit increase in 5 years! ...

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Be Self-Reliant by Self-Directing

Retirement is a reality that most all Americans will face as few people work until they die.  However only around 30% of people believe they can retire in comfort and some experts think that estimate is generously high. (1) ...

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How to Determine if You are an Accredited Investor

How do you become accredited? Today’s crowdfunding platforms offer many new opportunities that investors may not have discovered in the past. However only accredited investors can participate. There is no formal certification issued from an agency or institution that confirms you...

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“Checkbook LLC” arrangement blows up. Real estate entrepreneur pays obscene taxes.

 Quick Synopsis An engineer from Phoenix made a living doing “Phase I” and similar types of environmental impact reports for purchasers of commercial properties.  When the 2008 crash came, his business declined.  He started flipping properties and did quite well...

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