IRA Q&A: Your Job and your Retirement Savings

November 26th, 2018

Here’s a question that popped into my head just the other day: Can you put money in an IRA or a Roth IRA if you don’t have wage income? And the answer I found is that Individual Retirement Accounts (IRAs) were introduced in the mid-70s to help employees save for retirement and reduce their taxable […]

Control your Investments With a Checkbook IRA

October 28th, 2018

  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 […]

A Gold-Backed IRA Might be What’s Missing from your Retirement

October 22nd, 2018

It might be 2018, but precious metals like gold and silver are still very viable investment options for a great number of American retirement accounts. Throughout the rocky history of the US economy, gold has been held up as ‘standard’, and there’s a good reason for that. First, let’s breakdown what a gold-backed IRA is. […]

When Withdrawing Funds from your IRA are Penalty-Free

October 8th, 2018

It’s not uncommon that contributions that workers make to their IRA are prematurely withdrawn.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 […]

Private Lending with a Self-Directed IRA

October 1st, 2018

We’ve all heard of or taken out a loan in our lives, and it’s usually through a bank or another financial institution. What most IRA owners don’t know is that they are allowed to lend out the funds in their IRAs in the same way. The idea is that your funds can be loaned out […]