A self-directed IRA and a 1031 exchange can both let you defer taxes when selling investment real estate. However, the differences can help you choose. There are complex rules to follow, alternative investments to consider and tax implications that can affect your bottom line. Whether you’re looking to sell a rental property or diversify your […]
If you have an existing individual retirement account (IRA) but want to be able to invest in a broader array of assets, consider rolling your funds into a self-directed IRA (SDIRA). An SDIRA allows you to access alternative assets that aren’t available with standard IRAs. You can invest in real estate, cryptocurrency and private equity. You also […]
If you have an existing tax-deferred retirement account, you need to know how to report relevant transactions on your federal tax return. Accurate reporting helps you maximize tax benefits and avoid penalties. One of the most common tax-deferred account types is an individual retirement arrangement (IRA). You can set up your IRA a few different […]
If you have an existing retirement account, you’ll likely need to take the required minimum distributions (RMDs) at some point. Here, we cover all you need to know about RMDs, from rules and calculations to reporting. We also explore common mistakes to avoid and special considerations for self-directed individual retirement accounts (SDIRAs). What Are the Rules for […]
You can move your retirement funds from one custodian to another for various reasons, such as wanting increased control or changing employers. Whatever your motive, it’s essential to undertake the move accurately. What Is a Transfer of Assets Form? An asset transfer form enables you to rollover funds from one retirement account type to another. Depending on […]
As a self-employed individual or small business owner, you have several retirement plan options. One example is a Simplified Employee Pension Individual Retirement Account (SEP IRA). This account has unique features that can help you maximize tax savings. You can also create a self-directed SEP IRA, which lets you invest beyond traditional assets like stocks and bonds. […]
It is essential to understand the tax implications of self-directed individual retirement accounts (SDIRAs) before you start investing. The challenge is that the rules can be complex, so we have prepared this guide. SDIRAs provide many tax advantages, including tax-deferred or tax-free growth, depending on your account type. While some accounts are taxed before contributions are made, […]
Self-directed individual retirement account (IRA) administrators empower individuals to take control of their retirement savings. But what do they do? How are they different from other providers like custodians and facilitators? This guide answers these questions and provides tips for finding the ideal partner. What Is an IRA Administrator? An IRA administrator is a company that handles the paperwork required […]
If you want to invest in assets with your self-directed Individual Retirement Account (IRA), you may have encountered the term non-recourse loan. While beneficial, this lending arrangement confuses many people. Thus, we have prepared this blog post explaining non-recourse loans and how they differ from recourse loans. You will also learn the eligibility requirements, the process for getting a recourse loan, the […]
During immediate financial emergencies where other financial sources are challenging to leverage, hardship withdrawals from IRAs and 401(k)s can be a worthwhile option. Still, these have specific requirements you need to meet to leverage them without incurring a penalty or tax. This guide explores what qualifies for a hardship withdrawal, the process for approving it […]
If you’re considering investing in real estate through your IRA, you may wonder if a REIT is the right choice. This blog post will discuss the benefits and risks of investing in a REIT and help you decide if it’s the right move for your IRA. […]
Opening a self-directed IRA (SDIRA) unlocks multiple retirement investment options for you beyond the basic stocks, mutual funds and bonds. SDIRAs offer the same tax advantages as standard IRAs, with the added benefit of greater portfolio diversification. One of the ways your self-directed IRA can help you build a nest egg is through loans because you can […]