Here are tips for minimizing taxes in retirement. The first step to minimizing your taxes in retirement is knowing what is taxable and what is not. You can then take steps to avoid or limit taxes on your investments. Here is how the IRS treats the most common sources of retirement funding. Income: You owe […]
What Happens to Your Unused Retirement Account Contributions?
Do you know what happened to that money you contributed to your employer’s 401K program? Are you worried it’s lost for good? Don’t fret, we’ve got you covered on what happens to your unused retirement money. Did you quit? If you have more than $5,000 invested in your 401K, most plans allow you to leave […]
Know Your Business Retirement Accounts: Simple IRA, SEP, Solo 401K and ESOP (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 […]
What Investors Need to Ask Their Self-Directed IRA Provider
Making the decision to self-direct your own retirement account is simple. Selecting the right self-directed IRA provider is fairly straightforward — at least on the surface. But not every self-directed IRA provider or administrator is right for every self-directed investor. With that in mind, there are a few questions you should ask before making them […]
Taxes, Contributions, and a Self-Directed IRA: Your Questions Answered
Ultimately, what makes or breaks a decision on what type of self-directed IRA is right for you will probably come down to tax structures within the account. That means it’s crucial to understand what these benefits mean, the limitations placed on them, and what that means to you. Self-directed IRAs are powerful tools that can […]
How a Gold-Backed IRA Helps Diversify Retirement Portfolios
At Accuplan Benefits Services, we love talking about how you can diversify your retirement portfolio to create a better retirement portfolio. Most financial planners and retirement specialists would agree that a diversified portfolio is an intelligent way to go about investing for the long haul. We at Accuplan focus on self-directed IRAs. We want to talk about how you […]
Self-Directed IRA Paired with Checkbook Control
Accuplan Benefits Services’ IRA LLC, also referred to as an ICO, is a special purpose LLC that the IRA either wholly or partially owns. An IRA LLC allows funds to transfer from the IRA to the LLC legally. With Accuplan, you can be sure that everything is IRS compliant. The account holder sets up the checking account […]
Self-Directed IRA Accounts – Introduction to a Roth IRA (updated)
With more than one retirement account option it can be hard to know which account would be best for you. If you are setting up your first or fifth retirement account it can be hard to know which is best for you. The main types of retirement accounts are Traditional IRA, Roth IRA, 401K plans, […]
How and When a Hardship Withdrawal is Allowed in an IRA or 401K
First off, what is a hardship withdrawal? A hardship withdrawal is defined as an emergency withdrawal of retirement funds from a retirement plan. This type of distribution can be allowed without penalty from retirement savings vehicles like Traditional IRAs or 401Ks, given that specific requirements are met. It’s important to note that even if all […]
Accuplan’s Retirement Plans for Self-Employed Individuals and Business Owners
Approaching saving for retirement as a self-employed person has its strategies and can often appear not feasible for savers. We want to dispel any doubts that you may be feeling and help you feel confident that we host the perfect account for you. Each of these account types has its distinct tax advantages, just like […]