Gold has a long history as a “safe harbor” asset, guarding portfolios against stock market volatility, currency fluctuation, and more, over the years. With the price of gold on a steady drop compared to all-time highs a year ago, as other asset classes, including cryptocurrency, have appreciated, many gold enthusiasts worry whether or not the precious metal is holding its […]
Save More Towards Your 401K in 2022
There is an obvious major benefit to contributing to a 401K retirement savings plan. A 401K has a higher contribution limit than an IRA offers, and for 2022, 401K contributions are even higher. What’s Changing in 2022 Current 401K contributions for 2021 are maxed out at $19,500 for savers under the age of 50, and […]
When Withdrawing Funds from your IRA are Penalty-Free
It’s not uncommon that contributions that workers make to their IRA are prematurely withdrawn. An IRA is intended to supplement income in retirement years, but as the future and some circumstances are often out of our control, an IRA is sometimes used in other ways than retirement. Should workers need to take funds from their […]
Proposed Legislation Negatively Impacting IRAs and Private Placements
Your financial security is our priority, and the relationship you have with ACCUPLAN is significant to us. That’s why we want to make you aware that Congressional Democrats have proposed changes to the laws governing individual retirement accounts (IRAs) as part of their $3.5 trillion reconciliation package. If enacted into law, these changes would have a direct […]
8 Amazing (lesser known) Methods for Financing a Real Estate Investment
It’s not hard to understand why investors love real estate. It works to hedge against market volatility, diversify an investment portfolio, and provide a tangible asset option outside of paper assets. Real estate as an investment is a great way to generate passive income, but one hurdle for many would-be investors is the money required […]
What Novice Investors Need to Know About SDIRAs
A self-directed IRA is, simply put, a type of retirement savings account that permits you to invest in nearly any type of asset you want using tax-advantaged strategies to do so. Put simply, an IRA is simply a retirement vehicle. The term self-directed has emerged because so many companies serving as custodians of these accounts […]
How to Put Some Extra Money in Your Pocket After Retirement
There are many reasons why you might want some extra cash in your pocket after retirement. Maybe you want to fill extra time with an activity you enjoy, or you’re looking to pursue a new passion. Perhaps you want to continue to save for retirement while funding your child’s college tuition. No matter why you […]
Should You Save for Your Kid’s College or for Retirement?
Saving money isn’t easy. If you’re trying to save money for retirement — and for your child’s college tuition — at the same time, you know just how difficult it can be. Fortunately, with proper financial planning, you should be able to comfortably accomplish both goals. Funding Your Retirement If you’re like many individuals, you […]
Getting Started: What’s Taxable in Retirement and What’s Not?
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. It is impossible […]
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 […]
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 […]