When you open an IRA, you should understand the investment options available to you. Many Americans are aware that they can invest in stocks, mutual funds and bonds, but is investing in private companies possible with an IRA? If you have a retirement account, alternative assets can help diversify your retirement portfolio. Unfortunately, few people […]
When self-directed IRA investing, it’s essential to be aware of the self-directed IRA prohibited transactions. These are transactions that could disqualify the tax status of your retirement account, so it’s crucial to avoid them. This blog post will go over popular self-directed IRA prohibited transactions and what you need to know about them. […]
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. […]
We know that people are concerned about precious metals investing in their self-directed IRA due to the recent selloff in metals and commodities in general. It’s easy to get concerned when you see corrections all the way to the mid-1500s for gold. But, you have to ask yourself why would gold suddenly just fall out […]
As we continue to see the bogus numbers coming out of Washington, and the political rhetoric that comes from the President’s reelection, we thought we would look at what stands in the way of solid recovery and compare that to what the government is doing. Issue 1 – The National Debt The United States is […]
Futures trading involves buying and selling contracts for agricultural commodities, foreign currency, metals, and other items whose price fluctuates from day-to-day. Futures traders make money by betting that prices will go up or down and trading the right to buy or sell at a given price. While futures trading is not expressly prohibited in retirement […]
Inflation is something most Americans are thinking and talking about a lot lately. Not only does inflation impact the prices of consumer goods; but the federal government also uses it as a benchmark in determining whether to increase contribution limits to qualified retirement plans or to raise monthly Social Security benefits. On an individual level, […]
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 […]
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 […]
Do you have an IRA or a 401K? According to the Federal Reserve’s Survey of Consumer Finances, in 2013, about 45 percent of households aged 25 to 64 had balances in retirement accounts. Do those 45 percent of Americans know what their retirement accounts are invested in? Most likely not, and that doesn’t bother most […]
If you contribute to your 401K account, you may still contribute to a Roth IRA and/or a traditional IRA, as long as you meet the IRA’s eligibility requirements. However, if you wish to contribute to a traditional IRA and take a tax deduction for that contribution, depending on your income, your contribution to your employer’s […]
If you saved well for your senior years by consistently funding an IRA or 401K, you’re probably quite appreciative of that money now that you’re actually retired and using it. But the last thing you want to do is give up a huge chunk of your savings for no good reason. And if you neglect […]