A Self-Directed Roth IRA is a retirement savings account that offers you a variety of investment choices, all of which can grow tax-free. You fund a Roth with after-tax dollars, which means you do not get to take a tax deduction upfront as with a Traditional IRA. In return, however, your money grows tax-free, and […]
Most people who are at or near retirement start thinking about how they would like to see their savings and assets passed on. Legacy planning is the process of expressing how those things will be transferred to the next generation. The preparation includes deciding how to handle the transfer of your Self-Directed IRA to your […]
When you leave one employer for another, you have to decide what to do about the funds in your 401(k). Of course, you might be allowed to leave your money right where it is. That would be the most comfortable option because you would not have to do anything. However, just because it’s the easiest […]
Potential tax law changes might be arriving in 2019. This could affect individuals who have Self-Directed IRAs. While there has not been a major overhaul to the tax code since 1986, two U.S. Representatives have introduced—or more accurately “reintroduced” — the Retirement Enhancement and Savings Act (RESA). The bill is intended to increase access to […]
Generally, small business owners and contractors have three choices when it comes to choosing an employer-sponsored defined business retirement plan: The 401(k), which most people are familiar with, the Self-Directed SEP IRA (Simplified Employee Pension) and the Self-Directed SIMPLE IRA. Each of these account types allows you to set aside much more money on a […]
If you are saving for retirement, there is good news for you in 2019. The IRS has raised the contribution limits on some of the most popular qualified retirement plans. This is good news for individuals who have a Self-Directed IRA. Why is that such good news? Well, the obvious reason is that you get […]
A 2018 report from the retirement consulting firm, Aon, indicates that nearly three-quarters of women who expect to retire at age 67 will end up with about two-thirds the income they will need to live comfortably. In other words, retirement experts have calculated that they should have saved an amount equivalent to 11.6 times their […]
Investing in real estate through a Self-Directed IRA has become popular among those who choose alternative assets for their retirement savings. And that is not surprising since there are so many choices within real estate to help investors grow their money: apartment buildings, multi-unit homes, condominiums, commercial property, land, and single-family homes are all available […]
Population growth is one of the big drivers of residential real estate investment returns. Self-Directed IRA investors would do well to focus their efforts on cities that are experiencing strong population growth. This the primary long-term driver of housing demand, and ultimately supports increasing home values and rental prices. Look for solid price gains that […]
When it comes to retirement savings, there really are two Americas: In one America, the average 401(k) balance is bouncing around $100,000, according to research from Fidelity Investments. In the other America, taxpayers are heading into their retirement years with nothing in savings. Of those aged 55 years and older, nearly half – 48% – […]