Can I Pay Expenses From a Self-Directed IRA Real Estate Investment with Personal Funds?

February 26th, 2013

In general, when it comes to making self-directed IRA real estate investments, all expenses associated with the IRA owned real estate must be paid using IRA funds.  In other words, payment of any expenses associated with the self-directed IRA real estate investment must be made using IRA funds and not by the IRA owner.  The […]

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What is an Individual Retirement Account(IRA)?

February 15th, 2013

Individual Retirement Accounts (IRAs) exist in many forms. The most common type is the IRA or individual retirement annuity to which any person with earnings from employment may contribute. These type of IRA plans are referred to as contributory IRAs. IRAs that are used to receive assets distributed from other retirement plans are called rollover […]

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Can I have an IRA and a Solo 401(k) Plan at the Same Time?

January 15th, 2013

The 401(k) plan qualified plan rules do not contain an exclusive plan rule.  Hence, a plan participant is able to participate in an employer 401(k) Plan or Solo 401K Plan as well as make annual IRA contributions. Under the 2013 new Solo 401(k) contribution rules, a plan participant under the age of 50 can make […]

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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 fund My Self-Directed IRA LLC with Additional IRA Funds?

June 19th, 2012

In general, most IRA custodians allow for individual IRA holders to make additional contributions to their already established self-directed IRA LLC structure.  The logic behind this is quite clear once you have rules the rules under Internal Revenue Code Section 4975.  Since the self-directed IRA LLC is wholly owned by IRAs, making additional IRA contributions […]

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IRS Issues New Retirement Plan Contribution Limits for 2012 for Solo 401K Plan

November 8th, 2011

Among the biggest changes is an increase in the annual contribution limit from $16,500 to $17,000 for employees who participate in 401(k),

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What is a IRA?

September 29th, 2011

What is a IRA? An individual retirement account (IRA) is savings accounts for income earners. There are several forms of IRAs, which set aside financial contributions in anticipation of an individual’s retirement. What is an IRA? IRAs are exclusive benefits to the individual taxpayer, exercising IRA tax advantages today. Traditional IRAs are offered as part of an employee’s benefit from an employer’s group plan. As of 2011, individuals are allowed to contribute up to $5,000 a year as a pretax deduction if they are younger than 50 years of age and up to $6,000 if they are older than 50 years of age. Understanding the elements of each IRA type is the beginning of making the best decision towards better investments using self directed IRAs.

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Roth IRA Contribution Limits 2011

September 9th, 2011

A Roth IRA attracts investors because they contribute their after-tax income now in exchange for tax-free withdrawals after retirement. Also, account holders can make premature withdrawals from a Roth IRA with few penalties and restrictions. Roth IRAs can take the form of a self directed IRA real estate account or as a designated solo 401K.

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