Self-Directed IRA Rules and IRS Regulations

July 23rd, 2018

If you’re new to the retirement world, you may be feeling overwhelmed by the amount of jargon and rules. If you familiarize yourself with the essential rules, you can avoid penalties, and reach your retirement goals. Disqualified persons One of the easier ways someone can violate self-directed IRA rules is by not understanding who exactly is […]

Get Yourself Caught up on Retirement Savings

July 16th, 2018

If you’re struggling to get that retirement savings tucked away, don’t stress. It’s unfortunately not uncommon for Americans to have trouble in this department. Or for Americans to have trouble saving at all. Whether it’s low-wages to blame or pressure to keep-up-with-the-Joneses, we’re flat out bad at it. The good news is that there are […]

A Simple Explanation of a SIMPLE IRA

July 9th, 2018

A SIMPLE IRA stands for Savings Incentive Match Plan for Employees, it’s a type of retirement account for small businesses, and for people who are self-employed. It works like a Traditional IRA, where your contributions grow tax-deferred. When it comes time for retirement, your distributions are taxed as normal income. SEP IRA vs. SIMPLE IRA […]

Control your Investments With a Checkbook IRA

July 6th, 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 […]