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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.
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Understanding Self-Directed IRAs
March 4th at 2pm Eastern
Ten Steps Before Taking the Big Leap with your IRA Investments
By John "Jack" Kiley, CPA, CISP / Partner MidAtlantic IRA, LLC Self Directed Retirement Plan Solutions jack.kiley@midatlanticira.com 800/607-0145 x201 I've recently spent two days at an industry conference where the main topic was detecting fraudulent IRA investments....
Passing on Your IRA, an Old Strategy gets a Second Look
By John "Jack" Kiley, CPA, PFS, CISP / Partner MidAtlantic IRA, LLC Self Directed Retirement Plan Solutions jack.kiley@midatlanticira.com800/607-0145 x201 With tax rates almost certain to rise, and families feeling squeezed, an old idea is getting a second look. Many...
Roth Recharacterization, Hindsight can be 20/20
I’ve been a CPA for over twenty years. Recharacterizing a Roth is one of only a few instances that I can think of where the IRS allows you to make a decision (convert from Traditional IRA to a Roth IRA), wait what could be well over a year to see how your newly converted Roth IRA performs, and if you don’t like your decision, change it back (recharacterize).
Annual Contribution Limits for 2011
As 2010 is comes to a close, we all begin to look ahead to 2011. For retirement plans, the landscape in 2011 will look much like 2010. The new contribution limits largely remain unchanged. In calculating these, IRS compares the official cost of living increase from September of 2010 to September of 2009. In reviewing these limits, some definitions and rules need to be kept in mind.
What is a Traditional IRA?
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...
What is a Roth IRA
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...