Funding your Self-Directed IRA
You opened a Self-Directed retirement plan and now you want to fund it. Funding your Self-Directed IRA is a process that takes a few days…
Simplified Employee Pension (SEP)
Are you Self-Employed? If so you may find the Simplified Employee Pension ( or SEP) IRA to be helpful when it comes to tax savings…
Self-Directed Traditional IRA
The Traditional IRA is the most common type of Individual Retirement Arrangement (IRA). Why? Well, it is probably because most people rollover their employer’s pre-tax…
Self-Direct a Health Savings Account
A Health Savings Account (H.S.A.) is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified…
Solo 401(k) with Multiple Business Partners
Can you open a Solo 401k for an LLC business with multiple partners? When you think “Solo 401(k)” you probably think of a business with…
Making IRA Contributions in Your 70’s and Beyond
Over the past 20 years, the share of Americans working in their 70s has risen from less than 10% to nearly 15%, according to US…
Additional Nondeductible IRA Contribution Source
Difficulty of Care Payments & Nondeductible Contributions You may be able to make additional nondeductible IRA contributions (after December 20, 2019) if you received difficulty…
Moving 401k Funds into a Self-Directed IRA
Have you left your employer? If you recently changed jobs, you are not alone. The global pandemic has affected many and as a result he…
Time to Think About Taxes
By now a lot of you are starting to think about taxes…we have a little bit of time left before Uncle Sam comes knocking. One…
Taking Distributions from Your IRA
You read articles every day on growing your wealth. There is much written about the best ways to grow IRAs, detailing the best investment assets…
IRAs & 401(k)s – Who Makes the Rules?
So much goes in to creating the rules for IRAs and Solo 401ks. As a result, it can be confusing when you research them and…
Your Guide to the Roth IRA
What is a Roth IRA? The Roth IRA provides a way to save for retirement with tax-free earnings. Congress created the Roth under the “Tax…
How Do You Foresee Retirement?
How do you foresee your retirement? Who could have foreseen the way 2020 has gone so far? We must plan, even for the unexpected, and…
2020 and Beyond
Updated 01/26/2023 For self-employed individuals, SEP IRA and Solo 401k accounts are both popular business retirement plans. You will find that these retirement plans are…
2021 IRA/401(k) Contribution Limits
Is saving for the future important to you? Then this will interest you! The IRS has issued Notice 2020-79, which contains the annual update on retirement…
SEP IRA vs. Solo 401k
The SEP IRA and Solo 401k are both business retirement plans. We will take a look here at how the plans differ. For example, these…
What’s new about the Accredited Investor Status?
Accredited Investor Status Are you “Accredited”? Accredited Investor is a term used by the Securities and Exchange Commission (SEC) to describe investors who are financially…
What’s New for Roth IRA RMDs and Solo...
What’s new for Roth IRA RMDs? Trying to figure out the changes in retirement accounts for 2020? For instance, the Coronavirus Aid, Relief, and Economic…
Foreclosing on a Loan Made by Your Self-Directed...
Does your IRA have a loan out on real estate? Making a secured home loan from your Self-Directed IRA can be a great way to…
Rollins v. Commissioner
In the court case “Rollins v. Commissioner” the court ruled, based on the facts and circumstances that the taxpayer was engaging in prohibited transactions that…
