Oct 27, 2025 | Blog, Retirement Accounts, Tax Bites
Not all income inside an IRA is automatically tax free, especially when leverage or active business activity is involved. Two key concepts every self directed investor should understand before year end are UBIT and UDFI. This article explains when these taxes apply, how to plan for them, and why they matter as 2026 tax changes approach. Whether you invest through real estate, private lending, or partnerships, understanding UBIT and UDFI can help you stay compliant and protect your returns.
Oct 27, 2025 | Blog, Retirement Accounts
Before closing out the year, make sure your IRA gets the same attention as your other investments. A few key actions before December 31 can reduce taxes, prevent penalties, and position your account for stronger returns next year. This article outlines the most important year end steps to take, from confirming RMDs and evaluating Roth conversions to reviewing contributions, valuations, and beneficiary designations.
Jun 15, 2021 | Blog, Coverdell Education Savings Accounts (ESA), Tax Bites
Your college savings can go farther with tax-favored vehicles. Here are some options.
Nov 22, 2010 | FAQ, Knowledge Portal, Traditional IRAs
Source: www.irs.govA traditional IRA is any IRA that is not a Roth or SIMPLE IRAWho Can Set Up a Traditional IRA?You can set up and make contributions to a traditional IRA if:You (or, if you file a joint return, your spouse) received taxable compensation during the...
Nov 22, 2010 | Knowledge Portal, Roth IRAs
Source: www.irs.gov A Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a traditional IRA. You cannot deduct contributions to a Roth IRA. If you satisfy the requirements, qualified distributions are tax-free. You can make...
Nov 22, 2010 | FAQ, Knowledge Portal, SIMPLE IRAs
Source: www.irs.gov A SIMPLE IRA plan is a Savings Incentive Match PLan for Employees. Because this is a simplified plan, the administrative costs should be lower than for other, more complex plans. Under a SIMPLE IRA plan, employees and employers make contributions...
Nov 22, 2010 | FAQ, Knowledge Portal, SEP IRAs
Source: IRS.gov A SEP is a simplified employee pension plan. A SEP plan provides employers with a simplified method to make contributions toward their employees’ retirement and, if self-employed, their own retirement. Contributions are made directly to an Individual...
Nov 22, 2010 | Coverdell Education Savings Accounts (ESA), FAQ, Knowledge Portal
Source: www.IRS.gov IRS TAX TIP 2008-59 A Coverdell Education Savings Account (ESA) is an account created as an incentive to help parents and students save for education expenses. The total contributions for the beneficiary of this account cannot be more than $2,000...
Nov 22, 2010 | FAQ, Health Savings Accounts (HSA)
sources: www.IRS.gov A health savings account (HSA) is a tax-exempt trust or custodial account that you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify for an HSA. No permission...
