May 2, 2021 | Self Directed IRA
Thinking about retirement? Like most people, you’re probably most worried about having enough money to live comfortably. But what people often forget to plan for—quite understandably—is what happens after they die. For the sake of your spouse or other family members,...
Feb 25, 2021 | Self Directed IRA
You can contribute to both a Roth IRA and an employer-sponsored retirement plan, such as a 401(k), SEP, or SIMPLE IRA, subject to income limits. Each type of retirement account has annual contribution limits. For a Roth IRA or traditional IRA, the maximum annual...
Apr 17, 2020 | IRA, Roth IRA, Self Directed IRA
The financial fallout from the COVID-19 crisis might create a once-in-a-lifetime opportunity to do Roth conversions at an affordable tax cost and gain some insurance against future tax rate increases. In this column, I’ll explain why I say that. But first some...
Mar 28, 2020 | Self Directed IRA
The $2 trillion coronavirus economic recovery bill is expected to be passed by the House Friday and signed into law by President Trump shortly thereafter. The legislation has been dubbed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The new law...
Feb 23, 2020 | Self Directed IRA
2020 Tax Brackets, Standard Deduction, and Other Changes Last week the IRS published the annual inflation updates for 2020. As was the case for 2019, it’s really just regular inflation adjustments, as opposed to the major legislative changes we had two years ago...
Nov 30, 2019 | IRA, Self Directed IRA, Taxes
Growing Funds Faster Dividend-earning stocks and mutual funds can help your retirement portfolio grow more quickly, as long as you reinvest the dividends. But they can be a tax trap when you want to take the money out, especially if you invested your money in a...
