Archive for April, 2013

Self-Directed IRA or Solo 401K – What is the Better Retirement Strategy for Me?

April 25th, 2013

At one point in everybody’s life they have or will contemplate the dilemma of what retirement plan is best suited for them.  There are over 45 million IRA today.  However, that does not necessarily mean the Self-Directed IRA is the right retirement strategy.  A Self-Directed IRA, which is governed by the rules pursuant to IRC […]

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If I did a Roth IRA conversion and am over 591/2, what facts have to be present so that all converted funds are not subject to tax or penalty?

April 25th, 2013

For no tax or penalty to apply on distributions of Roth IRA funds, two things need to happen. The Roth IRA holder must be over the age of 591/2, AND The Roth IRA account must have been opened for at least 5 years. For more information on the self-directed Roth IRA LLC, please contact a […]

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If I Did a Roth IRA conversion, do I still have to pay tax on the Roth IRA converted amount?

April 25th, 2013

Converted IRA funds withdrawn before age 59 ½ are never subject to income tax. However, they will be subject to the 10% penalty for early distributions (unless another exception applies) if they have been in a Roth IRA for less than five years. Each conversion starts its own 5-year clock and the converted amounts are […]

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