Archive for June, 2014

SELF-DIRECTED IRA ACCOUNT

Friday, June 20th, 2014

A self-directed IRA is a powerful vehicle that allows an account holder to take control of the retirement’s financial future by choosing how the funds are invested.  The account holder chooses the investment property, how to spend the retirement funds to improve, repair or maintain the property and builds a retirement nest egg with renting or selling the property.  All profits are tax-deferred.  No 1031 exchanges are needed.

WHAT TYPE OF ACCOUNTS CAN ROLL IN

*Retirement accounts: 401(k), 403(b), Profit Sharing Plans, Keogh, Qualified Annuities, Money Purchase Plans, Cash Balance Pension Plans, Defined Benefit Pension Plans.

*IRA accounts: Traditional IRA, SIMPLE IRA, Roth IRA, SEP-IRA, Inherited IRAs

*Plus more, like Coverdale Education Savings

COST

$275 Annual Fee

$50 One-time set-up fee

$325 Minimum Account Balance Required

The account receives 6 free transactions for the lifetime of the account, plus 12 free transactions per year.

*see a full list of our fees.

PROCESS

  1. Complete the online application to get an account number right away for the Transfer Request form.
  2. Send the transfer form and a copy of the account holder’s ID to us for processing.
  3. Funds from the prior custodian are received and released.
  4. The account is ready to start investing!

APPLICATIONS

1)     SELF-DIRECTED IRA APPLICATION

2)     TRANSFER REQUEST FORM –  Use this form to roll funds from the current custodian into the new self-directed IRA account.  How to complete the form.

3)     PHOTO ID – email a copy of  the account holder’s drivers license to Support@Accuplan.net

QUESTIONS

Jaclyn Grella

800-454-2649 x1119

JaclynGrella@Accuplan.net

Find Accuplan: WEBSITEFACEBOOKTWITTERGOOGLE PLUSYOU TUBE

TAX ADVICE DISCLAIMER : In compliance with IRS requirements under Circular 230, I am informing you that this communication (including attachments), to the extent it includes any tax advice, is not intended or written to be used, and cannot be used, for the purpose of avoiding tax penalties or promoting, marketing or recommending any transaction to another party. No information in this communication, including any attachments, should be considered financial, tax, or legal advice and may not be relied upon as such. All discussions are for informational purposes only. Please consult with your own professional advisers if you need legal or other professional advice.  All prices are subject to change.

HOW TO COMPLETE A TRANSFER REQUEST FORM

Friday, June 20th, 2014

HOW TO COMPLETE A TRANSFER REQUEST FORM

TRANSFER REQUEST FORM – Use this form to roll funds from the current custodian into the new self-directed account.

Man flying attached to green arrow


TRADITIONAL ASSETS:  We cannot accept traditional assets (stocks, bonds, CDs, mutual funds, etc).  Those need to be liquidated and come over in cash.

TRANSFERRING CASH:  In Section 5, the Asset Description should be CASH.  Under quantity, enter a dollar amount  or write in “ALL”.

NON-TRADITIONAL ASSETS:  If there are non-traditional assets in the account (real estate, precious metals, tax liens, etc), list them in Section 5 just as they are titled within the current account.  Check TRANSFER IN KIND.  There may be additional forms depending on the assets.

CALL THE CUSTODIAN:

  1. Liquidate traditional assets to make cash available.
  2. Ask the custodian if they need a medallion stamp guarantee on the transfer form.  If required, we can provide that stamp after we receive an account statement or something printed off showing the account holder’s name, type of account and account number.
  3. Ask them where to send the form (mail or fax) and enter that information in Section 2.

Once complete, email or fax the form to us so we can complete Section 7 and submit the form for processing.  If the custodian needs an original signature or requires a medallion stamp, the form will need to be mailed to us.  Fax or email the form first requesting a review.  We will respond to the email with any corrections needed, or simply reply with our mailing address.  The fax and email address are listed below.

Please note that if the custodian sends a check, there will be a mandatory 10 day hold before the funds can be invested.  Money that is wired is available for use the next day.

If transferring an account from a retirement plan, like a 401(k)or 403(b) account, this form may not work.  Call the custodian, TPA or employer to ask if they will accept a Transfer Request form or have their own form to use.

QUESTIONS?

Jaclyn Grella
Fax (801) 904-0019

Find Accuplan: WEBSITEFACEBOOKTWITTERGOOGLE PLUSYOU TUBE

TAX ADVICE DISCLAIMER : In compliance with IRS requirements under Circular 230, I am informing you that this communication (including attachments), to the extent it includes any tax advice, is not intended or written to be used, and cannot be used, for the purpose of avoiding tax penalties or promoting, marketing or recommending any transaction to another party. No information in this communication, including any attachments, should be considered financial, tax, or legal advice and may not be relied upon as such. All discussions are for informational purposes only. Please consult with your own professional advisers if you need legal or other professional advice.

WHAT MAKES US A PREMIER PROVIDER?

Friday, June 20th, 2014

WHAT MAKES US A PREMIER PROVIDER

  • DEDICATED IRA SPECIALIST – We don’t believe clients should call an 800# and speak to a random person unfamiliar with the account.  We know 800 numbers can be especially frustrating when that random person transfers you to another random person.  With Accuplan, you are assigned a dedicated IRA Specialist who knowsbusiness man holding sign your account and works with all of the back-end departments to complete each request efficiently.
  • FAST PROCESSING TIMES – We are one of the only custodians to offer online account applications, online bill pay, 24-hour access to tax forms and statements, online investment request, an account event messaging system that emails account holders whenever money leaves or enters the account, and more.
  • NO ASSET CHARGES – We do NOT charge an asset-based fee!  The account has the same flat annual fee regardless of how many assets or how much cash is in the account.  Billing is simple, consistent and easy to understand.
  • ONE-STOP SHOP – Unlike other providers, we offer several types of self-directed accounts: a self-directed IRA, a self-directed IRA with checkbook control, and two types of self-directed retirement plans.
  • LEGALLY STRUCTURING THE ACCOUNT-  Our experts have years of experience setting-up self-directed accounts.  We have back-up for all the hard questions about this powerful tool.  Our legal and properly designed self-directed accounts can withstand IRS scrutiny.  Our process has been reviewed numerous times by our own auditors, client’s attorneys, CPAs, IRS audits and other outside peers.

QUESTIONS?

Jaclyn Grella

800-454-2649 x1119

JaclynGrella@Accuplan.net

Find Accuplan: WEBSITEFACEBOOKTWITTERGOOGLE PLUSYOU TUBE

TAX ADVICE DISCLAIMER : In compliance with IRS requirements under Circular 230, I am informing you that this communication (including attachments), to the extent it includes any tax advice, is not intended or written to be used, and cannot be used, for the purpose of avoiding tax penalties or promoting, marketing or recommending any transaction to another party. No information in this communication, including any attachments, should be considered financial, tax, or legal advice and may not be relied upon as such. All discussions are for informational purposes only. Please consult with your own professional advisers if you need legal or other professional advice.

Don’t Let Taxes Ruin Your Retirement

Thursday, June 19th, 2014

Beat Taxes In Retirement

There are plenty of issues to worry about when in retirement. The best way to make sure your retirement is going to be a successful one and one that you don't have to worry about money is to make sure you have a strong retirement plan

Most retirement plans take into consideration mortgage, health care and travel/leisure costs but fail to take in consideration of the costliest impacts on your retirement nest egg, taxes.

According to a survey done by Lincoln Financial Group, retirees significantly underestimate the impact of taxes during their retirement. Of those surveyed, 36% said taxes were a larger expense than they anticipated and 23% admitted not even considering tax expenses in their retirement plan.  

If you let them, taxes canbe a pretty big virus to your retirement plan. You don't usually have to deal with them when investing or planning for your retirement. It is something that comes up when you are actually retired. 

Because taxes can have a huge affect on your retirement nest egg there are a few things you can do to reduce taxes while in retirement. A few tips to lowering retirement taxes:

Lower Your Expenses

This is pretty straight forward but none the less it can have a great impact on the taxes you pay. The simple idea is this, the more debt you get rid of the less you will have to withdrawl from your retirement account and therfore the less taxes you'll have to pay. 

Diversify

Having different types of retirement accounts is a good way to spread out the taxes as well. Many times retirees think that they will be in a lower tax bracket because they are not working anymore. You must remember though that income will possibly be coming from social security, property rentals, taxable brokerage accounts, pensions, bonds and savings and all are susceptable to being taxed on some level.

These are just a few of the many different things that you can do to make sure that taxes don't eat away at your retirement nest egg.

As with all retirement investing make sure that you are aware of what you are investing in. Most of the time you will find that you are invested in stocks and bonds. While you can diversify with stocks and bonds it isn't as diversified as you should. Diversifying outside of the stock market is the way to go. You can do this by investing in things that you know like real estate or gold.

In ordert to get the most out of your retirement you need to make sure you stay up on your retirement goals. Make sure you re-evaluate your retirement goals regularly and are doing as much as you can to have that dream retirement.

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Funding Your Self Directed IRA

Monday, June 16th, 2014

self directed IRA funding

Funding your self directed IRA is a vital step in order to start investing in that alternative investment that you have your eye one. Remember, that alternative investment can be real estate, gold or some other investment of  your choice.

You may be one of the few lucky ones that has hundreds of thousands of dollars saved in your back account and you might be thinking that you want to take that money and deposit it into a self directed IRA in order to fund that real estate investment you were planning on buying. Since a self directed IRA is a retirement account there are certain rules to funding your account. We want to help make sure you are on the right track and and can fund your self directed IRA.

The following are the main ways to fund your self directed IRA:

  • Contributions- A contribution is simply adding money to your IRA. This is typically done through a check or wire transfer from your bank account. There are yearly contribution limits to an IRA (The limit for 2014 is $5,500 or $6,500 if you are 50 and older). Because of these limits it typically isn't the most popular way to fund your self directed IRA. Contributions for 2014 have a deadline of April 15, 2015 in order to count as a contribution for 2014. For more information on contributions check out, The End Is Coming
  • Rollover- A rollover is a much more popular way of funding your IRA. In a rollover you take money from a a qualified retirement account such as another IRA. The account holder takes the money and then has 60 days to rollover the funds into another IRA or in this case into your self directed IRA. The issue with this type of funding option is that because you are actually receiving the cash from your IRA or other qualified account it acts as a distribution as is subject to taxes. As long as you rollover this money into a self directed IRA or other approved retirement account you won't be taxed.
  • Transfer- A transfer is considered the best way to fund your self directed IRA. It is the best because it is the safest and easiest way to do it. When doing a transfer the funds are never passed to you personally as the account holder. One of the biggest benefits to doing it this way is that there are no limits to the amount that can be moved from one IRA to another. You can do this as many times as you want as well. With other types like a rollover there are rules to how many times you can do this yearly. You also don't ever have to worry about this type of funding option being taxed. This is typically the fastest way to do it as well. If you are looking for your account to be funded with lots of cash fast this is the best option.

The above suggestions are the best and most popular ways to funding your self directed IRA. For help in funding your account please contact us and we will make sure you know the best way to fund your self directed IRA for your situation. To get your self directed IRA funded fill out one of our appropriate forms.

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