Contribution limits for self-directed IRAs largely remain the same for 2021 as they were for 2020. As of 2020 and now through 2020, annual contribution limits are at $6,000 for savers under 50, and an annual contribution of $7,000 for those 50 or over. It’s important to note that these limits apply across all IRA […]
How to Navigate your First 401(k)/Retirement Plan
Whether you’ve just started your first corporate gig, or if you’ve just been thinking about securing your future, you’ve probably heard the term “401(k)” thrown around a lot, and how you should open one that’s being offered through your workplace. So what is a 401(k) exactly? 401(k) in a Nutshell Having the (k) in its […]
Invest in What you Didn’t Know Was Possible with an IRA
It’s not difficult to imagine that the majority of U.S citizens have heard of an IRA. It’s equally imaginable that most have not heard of a self-directed IRA. A self-directed retirement account gives you the ability to invest in non-traditional investments. In all reality, though a self-directed IRA is the same thing as a regular account. […]
What you Need to Know About REITs Before Diving in
You may or may not know that REITs (real-estate investment trusts) that invest in all sorts of commercial real estate, have been a favorite of investors for years. Why are REITs a favorite? There are a few reasons why. Get used to volatility REITs can definitely play it hot and cold, and they aren’t a […]
Advantages in Owning an Investment Property
There are many reasons that real estate is such a prestigious industry to get into. It could be that some people get a thrill from auctions or negotiating, or some enjoy the satisfaction of seeing a rundown home turn into the best-looking house on the block, or some love seeing their retirement funds grow. Whatever […]
What Does a Small Business Owner Need to Know About SEP IRAs?
A Simplified Employee Pension Plan, or a SEP IRA, is a retirement plan specifically designed for people with self-employment income, like those who are self-employed or are small business owners. A SEP retirement plan can help you contribute funds to your retirement savings account while reducing your taxable income. Who can contribute to a SEP […]
Opening a Self-Directed IRA? Here’s Where to Start
Self-directed IRAs have been around a long time, and their increasing popularity has grown over time, especially with those who like a lot more control in their financial future. A self-directed IRA provides diversification of assets for everyone from the average Joe to investors looking to expand beyond stocks, bonds and treasuries. A self-directed IRA […]
Know Your Retirement Accounts: Simple IRA, SEP and Solo 401K (Updated for 2021)
Being aware of the different types of self-employed retirement accounts that are available to you is important to get the most out of your retirement and retirement planning. The accounts that are available to most employees are your typical IRA and 401K with Roth and Traditional kickers. However, your account options are much more plentiful […]
Take Control of Your Retirement Investments with a Checkbook IRA
Do you know what your retirement accounts are currently invested in? The likelihood is that you probably don’t. You are not alone because many people have no idea what their IRA or 401k are invested in. This may or may not bother you. If it does bother you and you would like to take control […]
Retiring Before 50: The Pros and Cons
The enduring popularity of the F.I.R.E. (Financial Independence, Retire Early) movement has revealed an intense interest in the idea of early retirement. There’s no doubt that the desire to retire years or even decades before passing the sixty-year mark is alive and well in the 21st century. While retiring young is a hot topic, it […]