Category Archives: What is…

The Low Down on Required Minimum Distributions

You have been an avid saver and have funded your IRA or 401(k) plan diligently over the years. Good for you! However, be aware that once you turn 70 ½ years old, you are required to start taking distributions from your retirement plan. These required minimum distributions (RMDs) are based on a factor from the…
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SEPs vs. IRAs: How They are Similar, How They are Different

Small-business consultant Barbara Weltman recently reminded her readers about SEP plans for business owners (SEP stands for simplified employee pension). The basis of her article was that these retirement plans are sometimes treated like an IRA (individual retirement arrangement), sometimes not when it comes to tax law. Since we have clients who own their own…
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Don’t get stuck saying, “I need how much to retire?”

Let’s face it: there are a lot of things competing for your hard-earned money. The mortgage, taxes, utilities, your kids’ education, vacations, car payments, health insurance and the list goes on. So where does your retirement account fit in? The old saying “Pay yourself first” has a lot of merit. Not that you should avoid…
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WHAT YOU SHOULD KNOW ABOUT A SELF-DIRECTED IRA

For investors who are comfortable controlling their own retirement accounts — and those savvy investors who are already dealing in real estate or investing in certain instruments outside of their existing IRAs — there is an option that allows for more diversified, tax-advantaged portfolios than in traditional IRAs or 401k plans. They’re called self-directed IRAs.…
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Traditional IRA vs. Roth IRA

Uh oh – we’re in the fourth quarter of the calendar year, it will soon be time to send your tax documents to your accountant . . . and you didn’t set up an IRA yet to start saving for retirement? No worries – you have until April 15, 2014 to make a contribution that…
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Self-Directed IRA – What it is not?

In our second part of our self-directed IRA primer, we will explain what is NOT a self-directed IRA-type investment. A self-directed IRA is not directed by another party. Financial planners, banks, accountants, or tax or estate planning attorneys do not direct a client’s self-directed IRA. These financial and legal professionals may advise the account holder…
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What is a Self-directed IRA? – A Primer

In the next few articles we plan to dig deeper to paint you a more accurate picture of what is a self-directed IRA and what is it not? In this first part of the series we'll be explaining exactly what a self-directed IRA is so that it might inspire you to think about the possibilities…
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