Self-Directing Your IRA
Investing in what you know best is part of the power of a Self-Directed IRA. A truly Self-Directed IRA allows you to invest in assets that are alternatives of conventional stocks, bonds and mutual funds. These assets, which are also approved by the IRS, include real estate, notes, private placements, gold, natural resources and much more. Many types of IRA accounts (Traditional IRA, Roth IRA, Individual 401(k), SEP IRA and SIMPLE IRA) have the capability of being self-directed.
Breaking into a retirement plan before age 59½ may result in a penalty tax. But there are exceptions. Here are the rules, along with what happened to one taxpayer who tried to avoid the penalty because he had diabetes.
Why is it a good idea to file a tax return early? Here’s the answer to that and other filing season questions you may have.
As any parent of a college student knows, higher education is expensive. Fortunately, there are some tax breaks for eligible parents.
Have you heard ads on TV telling businesses how they can claim a huge Employee Retention Credit? It might be possible for some employers but it also might be too good to be true.
Want to save more for retirement? You might be able to with the many changes in a new law signed on Dec. 29, 2022.
Are you contributing enough to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for 2023.