There’s a lot to be said for simplicity in life. That’s especially true in retirement planning. If you have a simple “setup” to your retirement accounts, you do not have to wonder about your next steps. You just make your contributions, invest your funds, and watch them grow over time. But a Self-Directed IRA can […]
In researching the best options for the retirement accounts that will help you build a retirement nest egg; you will inevitably come across this thing known as a Traditional IRA. But what is it exactly, and why is it considered “traditional” as opposed to Roth? And what separates an IRA from a 401(k)? Let’s look […]
In investing with a Self-Directed IRA, you might be attracted to the independence that comes with the wide range of investments you can choose from. But utilizing this independence means that you will be working with an administration firm known as a Self-Directed IRA “custodian.” To make sure that you know what you’re getting into […]
Running a sole proprietorship is one of the simplest ways to be in business for yourself—but it also comes with a lot of responsibilities. Paying for your own health care, handling your own benefits, and ultimately funding your own retirement means that you will have to do a lot of planning if you want your […]
Most investors use a Self-Directed IRA because they want to invest in alternative asset classes. For example, investors can hold real estate within an IRA, they can hold gold or silver, and they can even hold tax liens and private notes. But what if they want to trade a few stocks, too? Is it possible? […]
Looking for a great place to retire? Start with Florida. Why? WalletHub.com recently released its “Best Cities for Retirement” listing – ranking America’s most retiree-friendly states for affordability, lifestyle and access to health care. Florida dominated it, taking five of the top ten slots, according to WalletHub editors. Orlando took top honors as the number […]
The Self-Directed Roth IRA is a powerful way to build wealth, using the taxable income you earn now to put aside money for retirement in an account. With this account, you can then make legitimate withdrawals upon reaching retirement age and not have to pay the tax again—because you have already paid these income taxes. […]
The Self-Directed IRA has enough freedom in it that it’s often defined by what you cannot do, not what you can do. Specifically, the IRS makes it known which items you should not use within a Self-Directed IRA. That means that you will have a wide berth when it comes to choosing items to invest […]
Investing in a Self-Directed IRA is an obvious choice for retirement. It means tax protections that allow you to build a more sizeable nest egg, utilizing the full value of your retirement contributions. But what happens when you use a Self-Directed IRA? Simply put, you will give yourself more options for investing. Rather than rely […]
You might have heard of a SIMPLE IRA and been intrigued not only by its name, but by its possibilities. A Self-Directed SIMPLE IRA allows retirement investors to handle a small business retirement plan with the freedom to make a wide range of investments. But how does a SIMPLE IRA work, and might it be […]