Are you curious about alternative ways to save with your individual retirement account (IRA)? A self-directed IRA (SDIRA) offers the tax advantages of an IRA plus the opportunity to invest in more than just traditional assets like stocks and bonds. SDIRAs require an administrator and custodian. If you’re interested in exploring the possibilities these accounts […]
Getting Started with Cryptocurrency Investing: A Simple Guide
Key Takeaways Investing in Cryptocurrency with a Self-Directed IRA Cryptocurrency is transforming the way people invest, and now it’s presenting new opportunities for retirement planning. A Self-Directed IRA (SDIRA) allows you to invest in cryptocurrencies. You can buy and hold assets like Bitcoin, Ethereum, and Solana. This investment is part of a tax-friendly retirement account. […]
Can You Invest in Cannabis With an IRA?
In the U.S., experts expect the economic impact of regulated cannabis sales to exceed $123.6 billion in 2025, a 9% increase from the previous year. The cannabis market is booming, so why not jump in and invest? Cannabis is in a legal gray area, rendering it susceptible to certain risks, but the rapidly growing market also […]
Self-Directed IRA Rules and FAQs
Saving for retirement in a tax-efficient manner is an important goal, and individual retirement accounts (IRAs) are an established tool for doing so. In contrast to conventional IRAs, which you would usually open with a brokerage or bank, self-directed individual retirement accounts (SDIRAs) require a custodial company. SDIRAs are becoming increasingly popular, especially among those […]
Beneficiaries’ Guide to Inherited IRAs
Inheriting an individual retirement account (IRA) from a loved one or close friend can leave you with some questions. You might not be familiar with how IRAs work if you don’t have an account yourself. Working with a custodian can help you manage the inherited account. However, among all the rules involved, you mainly need […]
5 Reasons to Explore Alternative Assets With Your IRA
Are you looking for new investment strategies to diversify your retirement portfolio? While traditional investments like stocks and bonds have their place, self-directed individual retirement accounts (SDIRAs) unlock alternative assets, offering new avenues for growth. Weighing the potential benefits and understanding the key considerations of these alternative investments is essential for making informed decisions and […]
What is an IRA-LLC? What are the Prohibited Transactions?
An individual retirement account (IRA) limited liability company (LLC) can be a great solution for savvy investors who want a hands-on approach to investing. It offers plenty of benefits you won’t get from a typical self-directed IRA (SDIRA), like asset protection, faster transactions and potentially lower fees. That said, an IRA LLC has prohibited transactions to […]
Self-Directed 401(k) Plans Broken Down and Explained
A self-directed 401(k) is for people who are self-employed or for small businesses that only employ the owners. It also lets account owners invest in nontraditional assets, such as: Contributing to a Self-Directed 401(k) With a self-directed 401(k), the account owner can make contributions as both an employer and an employee. As an employee, you can contribute up to […]
How Does the Real Estate Process Change When Using an IRA?
Investing in real estate through a self-directed IRA (SDIRA), also known as a real estate IRA, has a few differences and rules compared to investing with your pocket money. It’s a great way to build your real estate portfolio and take advantage of the profits, which are tax-deferred. Just keep the following in mind. How Does Real Estate in […]
What Is an HSA and How Does It Work?
Medical expenses can be difficult to pay off, especially if you find yourself going back and forth to a hospital or clinic. Sometimes, health insurance isn’t enough either, which makes health savings accounts a great alternative. Health savings accounts (HSAs) can offer huge and life-changing benefits, especially as you get close to retirement. This article […]
Self-Directed Real Estate IRA vs. 1031 Exchange
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 […]
How to Rollover Your IRA to a Self-Directed IRA
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 […]