IRA/401k Asset Valuations
Every year your Self-Directed IRA custodian reports the value of the assets in your account to the IRS. Accomplishing this requires the account holder to…
The Differences Between Pre-Tax and After-Tax Retirement
Types of Retirement Accounts: You probably heard of a Traditional and a Roth IRA. You might not know there are different types of IRAs to…
Inheriting a Retirement Account
Do you have a retirement account? You need to designate a beneficiary. That is where this story begins. IRA inheritance is a bumpy story, so…
The Spousal IRA
With a Spousal IRA (also known as the Kay Bailey Hutchison Spousal IRA), you do not need to earn income to contribute to an IRA…
Retirement Security Reforms
In the early fall 2021 the Retirement Industry could see some major overhauls. Recently, a bill was introduced (the Retirement Security & Savings Act) with…
How SIMPLE is a SIMPLE IRA?
You don’t have to run a large company to offer a retirement plan to your employees. Small employers can save for retirement as well…
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…
