What Is the Rule of 55? A Retirement Plan Exception You Should Know Before Rolling Over a 401(k) What Is the Rule of 55? The Rule of 55 is an important exception to the normal 10% early withdrawal penalty on certain retirement-plan distributions. Normally, if you take money from a…
Note Investing How would you like to be the solution to the problem small businesses face (and build your retirement at the same time)? During this Covid-19 pandemic many businesses…
Should You Break the Piggybank? When you lose your job or have unexpected bills, your finances are negatively impacted. Looking at the funds you saved in a retirement account may…
The CARES Act Retirement passed recently, and as a result, there are some changes to your retirement account to be aware of: RMD – Required Minimum Distribution Waived Are you…
Did the tenants in your IRA-Owned property pay rent this month? Nearly a third of U.S. apartment renters didn’t pay any of their April rent during the first week of…
Currently the world is attempting to maintain, control and defeat COVID-19 which is the official name for a new version of the Corona virus. The World Health Organization (WHO) has…
How do you avoid having to take Required Minimum Distributions (RMD’s)? You can’t. But, you might get to wait longer before you have to take them. Self-Directed IRA RMDs are…
New Year, new rules. Congress has passed the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) which became effective January 1, 2020. It brings the most significant changes…
What is a Stretch IRA? The term refers to your beneficiaries taking Required Minimum Distributions (RMD’s) from an Inherited IRA or 401k over extended periods of time. The rules allow…
NEW CONTRIBUTION LIMITS ANNOUNCED The Internal Revenue Service announced that employees in 401(k) plans can contribute up to $19,500 next year starting in 2020. This and and other changes in…
How can you squirrel-away the most retirement savings? If you’re self-employed you can do this easily with a SEP Plan. First available in 1979, the Simplified Employee Pension (SEP) is…
When it comes to Self-Directing your retirement funds you want great service and reasonable fees. We have many people switch their IRA accounts from other companies to uDirect IRA Services…
Before opening a SoloK account, we recommend scheduling a time with our team so we can review your situation, confirm eligibility, and ensure we collect the necessary information to meet regulatory requirements.
As an IRA beneficiary, you have several options to consider. We encourage you to schedule a time with us so we can review your specific situation and guide you toward the account type that best fits your needs.