When it comes to investing your retirement account money into real estate, there are a few rules you need to be aware of. These rules are in place to ensure that you don’t disqualify your IRA when making these investments. […]
Tag: Retirement
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 […]
What Does a Small Business Owner Need to Know About SEP IRAs?
A Simplified Employee Pension Plan, or a SEP IRA, is a retirement plan specifically designed for people with self-employment income, like those who are self-employed or are small business owners. A SEP retirement plan can help you contribute funds to your retirement savings account while reducing your taxable income. Who can contribute to a SEP […]
Retiring Before 50: The Pros and Cons
The enduring popularity of the F.I.R.E. (Financial Independence, Retire Early) movement has revealed an intense interest in the idea of early retirement. There’s no doubt that the desire to retire years or even decades before passing the sixty-year mark is alive and well in the 21st century. While retiring young is a hot topic, it […]
Your IRA and Unintended UBTI
UBTI stands for unrelated business taxable income. It’s the tax placed on the income earned from an unrelated business, regardless of the tax filing status. How UBTI works For our example, say an investor were to use their IRA to fund and start up a small business like a yoga studio. A yoga studio is a business not necessarily related to the primary principle of […]
Make Room in Your Budget for Retirement Savings {infographic}
The fact is that a majority of Americans don’t have a regular savings account, and an even bigger majority don’t have a retirement savings account. Living on a budget can be tough, especially if you’ve had to make cuts to your spending in the past to make sure you’re living within your means. But even […]
How Much Money Should You Have in Your Retirement Accounts?
Saving for retirement can seem so frustrating and out of your hands. There are so many things you can do to make sure you are involved with your own retirement. You can even invest your retirement how you want with a self-directed account. Self-directed accounts can be IRA or 401Ks. What is great about a […]
Women Save Less For Retirement
Women are saving less than men for retirement. Does that shock anyone? It doesn’t shock me. I figure that because women typically make less than men they naturally would save less for retirement. I stumbled upon this video that goes into this topic more in-depth. There video shed some light on what it actually means. […]