Invest in an IRA When You Are Young

May 17th, 2013

Just because you are young and are just getting started in the working world doesn’t mean you shouldn’t be thinking about saving for retirement. One of the best investments you can make in yourself is an Individual Retirement Account, whether it be a traditional plan or a Roth option. Investing now will reduce the amount [...]

May 14th, 2013

Though unemployment rates have slowly dropped over the past few months, there are still many Americans out there who don’t have jobs. Whether you were laid off, quit or are simply can’t find a steady paycheck, you still need to find a way to save for your retirement. One of your options may be a [...]

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 [...]

March 11th, 2013

IRS Form 990-T, specifically Schedule E, is the tax form where a charitable organization of retirement account, such as an IRA or Roth IRA would report income that would be subject to the Unrelated Business Taxable Income (also known as UBIT or UBTI) or Unrelated Debt Financed Income tax. In general, only income generated from [...]

March 5th, 2013

When it comes to making investments with a self-directed IRA LLC, the IRS generally does not tell you what you can invest in, only what you cannot invest in. The types of investments that are not permitted to be made using retirement funds is outlined in Internal Revenue Code Section 408 and 4975. These rules [...]

March 1st, 2013

February 26th, 2013

In the case where a potential transaction involving an IRA could raise a prohibited transaction, establishing a separate IRA for any additional IRA funds in the IRA account that may have engaged in a prohibited transaction may prove to be a safe course of action. The reason for this is because a prohibited transaction would [...]

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 [...]