Category: In The News

The financial world is constantly changing. Keep up to date on the current headlines that may affect your financial planning and goals.

How To Avoid Paying Extra Taxes and Penalties in a Self-Directed IRA Part 2 – Early Distributions

Posted on: November 15, 2021   |   Category: In The News

When the government drafted ERISA, it was with the intent to incentivize Americans to save for retirement. It worked by giving them a tax break to keep their money in a special account and not touch it until retirement age. Well, what happens if you don’t play by the rules? Specifically, what happens when you feel a need for cash and take funds out of […]

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How To Avoid Paying Extra Taxes and Penalties in a Self-Directed IRA Part 1 – Collectibles

Posted on: November 12, 2021   |   Category: In The News

Retirement plans have a built-in incentive of tax savings. This could be a tax deferral with a Traditional IRA or full tax freedom on growth with a Roth IRA. In either case you don’t want to ruin your economic gain by doing something that the IRS will charge you for. This is especially true in Self-Directed IRA accounts. Investors have more freedom […]

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Thanksgiving and Retirement: Planning and Diversifying

Posted on: November 10, 2021   |   Category: In The News

After spending an October filled with Halloween costumes, apple picking, pumpkin carving, and leaves changing colors, it’s time to start preparing for Thanksgiving. Who are you going to share your table with this year? What types of foods will you be preparing? What time will you be serving dinner? These are just a few questions […]

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Self-Directed Roth IRAs and the 5-Year Rule

Posted on: November 8, 2021   |   Category: In The News

The Roth IRA is a popular choice for self-directed investors due to the nature of alternative assets. A Self-Directed Roth IRA account allows investors to avoid tax liability on potentially large profits, as well as avoid RMDs in assets where the process may prove administratively challenging. However, there are some regulations unique to the Roth IRA and these apply in self-directed situations as well. One of […]

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How To Choose a Financial Advisor for Your Self-Directed IRA

Posted on: November 5, 2021   |   Category: In The News

If there is any one line that is ubiquitous in the investing literature, it is: “Speak with a financial advisor.” Your Self-Directed IRA custodian may be great at optimizing transactions, but they can’t give you financial advice. This is because a custodian is designated as a passive service and does not act as a fiduciary. Consequently, they cannot direct the Self-Directed IRA investment, offer a legal opinion about the viability of a specific asset, […]

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Opening a Self Directed Spousal IRA

Posted on: November 3, 2021   |   Category: In The News

A Self Directed Spousal IRA is a standard retirement account that utilizes a unique contribution method. In a regular Self Directed IRA, contributions are made from the account holder’s earned income. In the case of a Self Directed Spousal IRA, the contribution is still earned income, but it is not coming from the account holder. Rather, the contribution is being made by their spouse into the Spousal IRA account. Here we […]

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Community Property in Allocating a Self-Directed IRA

Posted on: November 1, 2021   |   Category: In The News

In cases of divorce or inheritance, who gets the Self-Directed IRA? It sounds like a simple question, but anything having to do with finance and government rules is almost never simple. Any time assets need to be allocated, there is often a complicated mix of federal laws, state regulations, and personal circumstances. In the case of deciding ownership of a Self-Directed IRA, those […]

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Who Will Inherit Your Self-Directed IRA Funds?

Posted on: October 29, 2021   |   Category: In The News

Family dynamics can be stressful. Add money to the mix and it gets even crazier. That’s why when the two come together, being proactive is often your best bet. By taking control of the situation from the get-go, you can get ahead of a lot of the family dissent. Your move to clarity will also be doing a big favor for […]

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5 Common Self Directed IRA Mistakes To Avoid

Posted on: October 27, 2021   |   Category: In The News

Let’s admit it, learning how to plan for retirement is a process. It is not a topic that we are taught in school and so we must conduct our own research to educate ourselves. On top of that, since Self Directed IRAs are so unique, as many common brokerages do not even offer them, it takes […]

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How To Celebrate National Retirement Security Month

Posted on: October 22, 2021   |   Category: In The News

According to PwC’s Retirement in America Report, 1 in 4 Americans have no retirement savings at all. Of those who are saving for retirement, only 36% feel like their retirement planning is on track. The median savings is estimated to be $120,000 for those approaching retirement (ages 55 to 64), which provides less than $1,000 per month […]

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