With recent reports of millions of Americans having little to no money set aside for retirement, has that made you look differently at your own financial situation? Are you looking for solutions and answers? Let’s start with a few moves that you as an average American can make to help secure their future, without being […]
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 […]
Financial Mistakes Retirees can Still Make in Their Golden Years
Unbeknownst to a lot of people, some, well into their golden years, still have some financial issues when it comes to their retirement. There are still mistakes to be made, there are still some downfalls and hard times, and there are ways to navigate around those issues unscathed. We’re here today to talk about some […]
A Breakdown of Retirement Terms and What They Mean
Don’t let the retirement industry terms confuse you, or deter you from pursuing your own retirement account. Here are a handful of the must-know terms to help you get your toes into the pool. Custodian An IRA custodian is a financial institution like a bank, credit union or trust company that acts as a bank. IRA custodians […]
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 […]
Rules and Limitations for Owning Real Estate Through an IRA
Buying real estate through your IRA is a lucrative and competitive business. It can substantially increase the return on your IRA’s investment, and make for a big, cushiony retirement nest egg. One of the biggest reasons that more people don’t take advantage of owning a real estate IRA is all the rules and confusion that […]
Investing in Trust Deeds with your IRA
What is trust deed investing? Trust deed investing is simply investing in loans that are secured by real estate. Most trust deed investments are relatively short-term loans given to professional real estate investors. Banks can be reluctant to lend to investors who seek these loans not because the loans are particularly risky, but because some […]