RMDs, what are they?
Required Minimum Distributions (RMD) are withdrawals from your IRA or other retirement accounts the government makes you take once you reach the age of 70 1/2. Once you reach that age, you are...
View ArticleIRA Mistakes That Could Cost You
April 15th is getting ever closer so it’s time to make sure you haven’t made any mistakes with your IRA that could cost you. Here’s a quick checklist to look over to make sure you don’t get penalized....
View ArticleConsequences of Missing Deadlines with an Inherited IRA
So many people have retirement assets spread across several different accounts, from 401(k) plans to IRAs. If, when they pass away, there aren’t sufficient records of these accounts, they might not...
View ArticleRoth IRA Conversions Made Easy
If you don’t know what a Roth IRA is and/or are not utilizing one, you are missing out on one of the best retirement saving strategies. For those not in the know, a Roth IRA is a retirement account...
View ArticleUsing a Roth IRA for Estate Planning
In addition to the significant tax benefits in using a Self-Directed Roth IRA LLC to make investments, the Roth IRA also offers a number of very exciting estate planning opportunities. In general, a...
View ArticleContributing to an Inherited IRA
Once an IRA account owner dies, his or her IRA will be passed on to the beneficiary. Typically, this will be a spouse or child, but can be anyone the account owner has named. If there is no...
View ArticleHow Are RMDs Satisfied with Multiple IRAs?
Required Minimum Distributions (RMDs) must be determined separately for each IRA. If an individual is owner of more than one IRA, however, the sum of the minimum distributions from all of them may be...
View ArticleChanges to IRS Form 5498 with Regards to Your Self-Directed IRA
For Tax Year 2015 and beyond on IRS Form 5498, the IRS now requires IRA custodians to separately specify transactions which involve certain Self-Directed IRA investments The information on Form 5498 is...
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