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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Who Can Benefit from an Individual 401(k) Plan?

October 9th, 2017

The Individual 401(k), also known as a  Solo 401(k) plan, is unique and so popular because it is designed explicitly for small, owner only business. It’s a tax efficient and cost effective plan that offers all the benefits of a Self Directed IRA plan, and includes additional benefits, such as high contribution limits (up to […]

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Tax Strategies for a Self-Directed Roth IRA LLC

October 4th, 2017

Using a Self-Directed Roth IRA LLC presents a number of exciting tax planning opportunities. Whether you currently have a Traditional IRA or a Roth IRA, the IRA Financial Group’s in-house tax and ERISA professionals have significant experience helping clients use a Self-Directed Roth IRA LLC to maximize their tax benefits and investment returns. Investment Tax […]

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IRA Financial Group Announces List of Most Popular Investments for Self-Directed IRA Clients For September 2017

September 28th, 2017

Cryptocurrency and real estate were the two most popular self-directed IRA investments for September 2017 IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC and Solo 401(k) plan solutions, announces the top three most popular self-directed IRA investments for clients for September 2017, which were cryptocurrency, real estate, and hard-money lending. “In […]

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Investing in Real Estate with Your Self-Directed IRA – Useful Tips

September 25th, 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 and Department of Labor only describe the types of investments that are prohibited, which are very few. The IRS […]

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Your Self-Directed IRA Fees May Be Tax Deductible

September 11th, 2017

Unbeknownst to many retirement account holders, payment of individual retirement account (“IRA”) custodian/trustee fees may be generally tax-deductible. Under Internal Revenue Service (“IRS”) rules, in place of the standard deduction, one can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040 or Form 1040NR). One can only claim the amount of expenses […]

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When Are you Allowed to Make a Contribution to a Traditional IRA?

September 5th, 2017

Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your tax return for that year, not including extensions. For most people, this means that contributions for 2017 must be made by April 17, 2018, and contributions for 2018 must be […]

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The Basics Of Taking Hardship Distributions From Self-Directed IRAs

August 31st, 2017

The following originally appeared on Forbes.com, written by our own Adam Bergman – There is generally no limit or restrictions on when an IRA owner may take a distribution from his or her IRA, although there may be adverse tax consequences, such as income tax and/or an additional tax on early distributions. However, pursuant to […]

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