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 [...]
June 8th, 2011
Having a self directed IRA is important for independent business owners, because a self directed IRA provides financial stability. Some self-employed people have no idea they can still enjoy the benefits a self directed Roth IRA has to offer.
A self directed Roth IRA allows a person to use retirement funds to invest in real estate, businesses, precious metals, oil, and other commodities. Self directed IRA real estate investments can help any retirement account to explode with profits. Real estate makes a great investment for a solo 401K, because individuals can live within real estate while it accumulates value. In addition, real estate foreclosures are usually very affordable and can be a profitable way to start off any solo 401K retirement account.
May 6th, 2011
When determining whether to make a Roth IRA conversion with a Self Directed IRA, it’s important to consider the following factors: