Archive for September, 2012

What is a SIMPLE IRA?

September 28th, 2012

A SIMPLE IRA plan (Savings Incentive Match Plan for Employees) allows employees and employers to contribute to traditional IRAs set up for employees. It is ideally suited as a start-up retirement savings plan for small employers not currently sponsoring a retirement plan. This plan is available to any employer (including self-employed individuals) with 100 or […]

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Can I Serve as Realtor or Agent on my Self-Directed IRA Real Estate Purchase?

September 20th, 2012

The Internal Revenue Code does not describe what a self directed IRA can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. Internal Revenue Code Section 4975(c)(1)(C) states that the direct or indirect furnishing of goods, services, or facilities between an […]

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