Opening up and operating a self-directed IRA is more intensive than a traditional IRA. It can be more intensive because you’re the one in charge. You choose the investments and do all the work that generally someone else does. The other awesome and daunting thing about a self-directed IRA is that there are endless investing opportunities. […]
Category: Self-Directed IRA
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. […]
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 […]
Inflation Can and Will Deplete Your Self-Directed IRA Income – How to Fight it
Inflation is something most Americans don’t think about much, but it has a significant influence on all of our financial lives. Not only does inflation impact the prices of consumer goods; but the federal government also uses it as a benchmark in determining whether to increase contribution limits to qualified retirement plans or to raise […]
Why Not Both? Operating a 401K and an IRA Simultaneously
If you contribute to your 401K account, you may still contribute to a Roth IRA and/or a traditional IRA, as long as you meet the IRA’s eligibility requirements. However, if you wish to contribute to a traditional IRA and take a tax deduction for that contribution, depending on your income, your contribution to your employer’s […]
Start Rolling Over Your 401K to an IRA
When it comes to a 401K, you can take it with you from job to job, and in fact, you should, and it should be in the form of a 401K rollover. But making the most of the money you’ve built up means performing the rollover correctly. Here’s the four-step process for how to rollover […]
The Importance of Diversification of Your IRA Portfolio
Whether you’re new to the investing game or a novice, there’s something that everyone needs to learn, and that’s diversification of assets. Diversification is fundamental, not only for your portfolio’s sake, but also for your future retirement’s sake. When you have a self-directed IRA, and the investment options available to you are practically limitless, that’s […]
Using a Self-Directed IRA to Invest in a Private Company
The Internal Revenue Service puts few restrictions on what assets you can own in an individual retirement arrangement. You can’t use your self-directed IRA to buy life insurance, collectibles, jewelry, alcoholic beverages or some forms of precious metals. But there’s nothing in the law that says you can’t buy an interest in a closely held […]
Self-Directed IRA Rollover Terminology Broken Down
Rollovers are the most common way to transfer funds within retirement accounts. Transfers and rollovers are transactions that allows for the movement of assets between IRAs and 401K plans. Let’s go over the basic terminology. Direct Rollover A Direct Rollover is generally used when moving funds from an employer plan (like a former employer 401K) […]
What All SDIRA Owners Need to know About Trust Deed Investing
Quite plainly, a trust deed investment is when an individual lends money to a borrower for a real estate purchase. When you invest in Trust Deeds, you act as a lender and offer financing to a property owner. The loan is secured with a property, and in the event of default its title transfers to […]