Contributing to a Roth IRA is a smart move that can offer several benefits, and with Tax Day here, now is the perfect time to consider contributing. No Changes to Your Tax Return Roth IRA contributions are not tax-deductible, unlike other retirement accounts, such as a traditional IRA or a Health Savings Account (HSA). That […]
How Many IRAs Can I Have?
How Many IRAs Can I Have? If you are saving for retirement, you may be considering opening more retirement accounts. Individual retirement accounts (IRAs) can be a great option if you want to contribute more to your retirement beyond your employer-sponsored plan or if you don’t have a retirement plan through your employer. While there is […]
What Are UBIT and UDFI Taxes?
If you own a self-directed IRA or you’re looking to open one, you may come across some new phrases, such as UBIT and UDFI. At Accuplan, we want you as informed as possible so you can make wise investment decisions with your self-directed IRA, which is why we’ve covered the information you need to know about these taxes below. What Are UBIT Taxes? Unrelated […]
Investing in Real Estate and Tax Liens with a Self Directed IRA
With a self-directed IRA, you can invest in alternative assets that you may not be able to with a conventional IRA. These alternative assets include real estate and tax liens. Tax lien investments through a self-directed IRA are tax-deferred, so you can diversify your portfolio and retain tax advantages. Tax liens typically require just a […]
What Is a SIMPLE IRA?
If you are looking to open a retirement account, you may be considering a SIMPLE IRA. To help you determine whether a SIMPLE IRA is right for you, we cover what it is, how it works, who may want to use it, why you may want to use it and how you can open this […]
SIMPLE IRA Basics for Small Business Owners
A Savings Incentive Match Plan for Employees (SIMPLE) IRA is an individual retirement account set up for employees through smaller employers. Typically, these smaller employers have a maximum of 100 employees and do not offer any other retirement plan. If you are a small business owner looking for employee retirement plan options, you may be […]
What Are Required Minimum Distributions (RMD)?
You can save for a comfortable retirement by contributing to your 401(k) or IRA throughout your working life. The goal is to keep as much of your savings as possible when you reach retirement age. However, if you don’t take your required minimum distributions (RMDs), you may lose some of that money you’ve worked to […]
Traditional IRAs vs. Roth IRAs
With an individual retirement account (IRA), you can save for your retirement while also saving on your taxes. If you are self-employed or simply looking to open another retirement account, you may want to consider a traditional or Roth IRA. Before you can decide which one is right for you, you must first understand what […]
Disqualified Persons for Self-Directed IRAs and 401ks
Setting up a self-directed IRA is a great way to take control of your retirement funds by investing in assets like real estate, gold and other options. The IRS has outlined several rules regarding investing in an IRA or 401k, including the disqualified persons rule. In short, a disqualified person is anyone in a position […]
Buyer’s vs. Seller’s Market in Real Estate
You’ve set up an IRA account — now it’s time to begin choosing investment assets. Real estate is among the most popular investment choices, and understanding the market can help you get more value from your investments. Continue reading for more information on the difference between a buyer’s and seller’s market and what that means […]
3 Real Estate Investing Trends for 2023
Real estate trends tend to fluctuate, especially in recent years. Trends in 2023 suggest a transitioning period with higher borrowing costs, increased cash flow and restructured capital stacks. What does real estate investment look like now as we continue navigating the new normal? Prepare for the year ahead by reviewing these current trends and top […]
Secure 2.0 Act: More Benefits for Retirement Savers
The Secure 2.0 Act of 2022 is a massive piece of legislation that brings about sweeping changes to the retirement landscape in the United States, with many of these changes set to take effect in 2025. The five most significant alterations this act will bring to retirement accounts include: Raising the Age for Required Minimum […]