Do I have to Take Required Minimum Distributions (“RMDs”) for a Roth IRA?

June 25th, 2012

With a Roth IRA, one is not required to take required minimum distributions, like a Traditional IRA. In addition, if a Roth IRA holder passes away and leaves his or her Roth IRA to a spouse, that spouse is not required to take any required minimum distributions (“RMD”) with respect to the Roth IRA. However, [...]

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 [...]

June 19th, 2012

More than half of all Americans are not saving enough for their retirement and the other half are not achieving returns sufficient to meet their retirement needs. Diversification into real estate, tax liens, precious metals, and investing private businesses are options that many of us may not have considered, or even known we were allowed [...]

May 17th, 2012

During the past two years as crop prices have increased, so has the value of farmland. Midwest farmers in a five state region saw a 19% increase in value as of April 1 from a year earlier. The Great Plains states posted a 25% increase led by a 39% jump in Nebraska and 24% in [...]

May 10th, 2012

No – a Solo 401(k) Plan is treated as a tax-exempt trust pursuant to Internal Revenue Code Section 401 and 501 and, thus, is not required to file an annual federal or state income tax return. The Solo 401K Plan was initially created to provide sole proprietorships and small business owners with no full-time employees [...]

May 10th, 2012

Prices on residential properties rose in over half of U.S. metropolitan areas in the first quarter of 2012 as the single family market continued to show signs of stabilizing after nearly six years of price declines. The median price for an existing, or previously owned, home rose in 74 of the 146 markets tracked by [...]

May 9th, 2012

Sales of vacation rental properties fell 56% between 2006 and 2010, but climbed 7% in 2011 to 502,000, according to the most recent survey by the National Association of Realtors, a trade association. Yet prices remain soft; according to the NAR, the median price on vacation rental homes dropped more than 19% in 2011 to [...]

May 7th, 2012

Want to establish a Solo 401(k) Plan at Chase but want more flexibility to invest in real estate, borrow $50,000, or make Roth after-tax contributions? IRA Financial Group Solo 401K Plan, is an IRS approved plan that was designed specifically for the self-employed or small business owner with no employees other than the owners(s). The [...]