The Power Of A Self-Directed IRA

June 20th, 2011

Anyone who has watched the news or is in the workforce can attest to the challenging times we are all facing. Long gone are the jobs offering a lifetime of work security and a nice pension at the end of your career. Sadly for most of us, retirement rests solely on our shoulders and whether or not we can put enough money away for that glorious day.

Luckily the government is looking out for individuals by offering venues via the Tax Code to defer taxes until retirement. This comes in the form of a Self Directed Roth IRA. Many people are familiar with the term; however, they are not fully aware of how it will benefit their particular circumstances.

June 9th, 2011

United States persons are required to file an FBAR if:

The United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and
The aggregate value of all foreign financial accounts exceeded $10,000