Archive for October, 2017

What Types of Investments Can You Make with a Self Directed IRA?

October 31st, 2017

A Self-Directed IRA LLC offers one the ability to use his or her retirement funds to make almost any type of investment on their own without requiring the consent of any custodian or person. The IRS only describes the type of investments that are prohibited, which are very few.   The main advantages of using a […]

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What Is a Self-Directed IRA LLC?

October 30th, 2017

Many “traditional IRA” custodians advertise themselves as offering a Self Directed IRA, but what that really means is that you will need their approval any pay transaction fees each time you make an investment. Whereas, in the case of a Self-Directed IRA LLC, also known as a “checkbook control” Self-Directed IRA LLC, a limited liability […]

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You Can Use Your 401(k) Plan to Invest in a Business with ROBS

October 28th, 2017

Leaving your job or thinking of leaving your job and a have 401(k) qualified retirement plan or other type of retirement plan? Why not use your retirement funds to invest in yourself instead of a volatile stock market? With the recent turmoil in the U.S. stock market and the downward trend expected to continue, why […]

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IRA Financial Group Podcast Episode 80: The Trump Tax Plan and 401(k) Plan Retirement Accounts

October 25th, 2017

IRA Financial Group’s Adam Bergman discusses the proposed tax plan from President Trump and the potential impact on 401(k) Plan retirement accounts and why the government thinks it needs to lower 401(k) Plan contribution limits.   Click Here to Listen  

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2018 IRA Contribution Limits Announced

October 24th, 2017

Last week, the IRS announced the new limits for retirement plans for 2018.  Here’s what you need to know about your IRA Contributions – 2018 IRA (including Self-Directed IRAs) Contribution Limit – Limits remain the same as 2017.  For individuals under age 50, the limit is $5,500.  For those 50 and older, you can make […]

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2018 Solo 401(k) Contribution Limits Announced

October 23rd, 2017

Under the 2018 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum annual employee deferral contribution in the amount of $18,500. That amount can be made in pre-tax, after-tax or Roth. On the profit sharing side, the business can make a 25% (20% in the case of a […]

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Why Choose a Solo 401(k) Plan Over a SIMPLE IRA for Your Business

October 19th, 2017

A SIMPLE IRA plan is similar to a Solo 401(k) Plan in that it is funded by employee deferrals and additional employer contributions. However, unlike a Solo 401(k) Plan, a SIMPLE IRA plan uses an IRA-type trust to hold contributions for each employee, rather than a single plan trust that is typical of a traditional […]

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Factors To Consider When Contemplating A ‘Backdoor’ Roth IRA

October 17th, 2017

The following originally appeared on Forbes.com and was written by our own Adam Bergman – There have been no income level restrictions for making Roth IRA conversions since 2010, hence a high income earner can do a conversion of after-tax (non-deductible) IRA funds to a Roth IRA, which is known as a ‘backdoor’ Roth IRA. […]

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