It’s important to participate in your company 401(k), as it has a higher contribution than the IRA and in most cases, your company will match your savings.
Getting a raise can hurt your retirement, according to new research. But there is a way to avoid that, which is to save part of your raise for retirement.
The accumulation trust allows IRA holders to keep the stretch IRA concept intact, but they won’t receive the tax advantages.
Airbnb investments are allowable in your IRA, but it must be self-directed. When using IRA funds to buy property, you must be aware of a tax called UBIT.
Age 70 1/2? You may not need to take an RMD in 2020. In fact, your new required beginning RMD date could be be April 1, 2021, depending on your age.
Avoid these common retirement mistakes so you can stay on the right track and ensure the success of your retirement future.
There are only two requirements to establish a Solo 401(k) plan, but it’s very important to meet at least one. Failure can result in plan disqualification.
The Self-Directed IRA Contribution Limits are set by the IRS annually. You may contribute up to $6,000 to an IRA in 2020 or $7,000 if age 50+
The new RMD age for Self-Directed IRA in 2020 is now 72, a slight increase from 70 1/2. This may lead more investors to establish the Self-Directed IRA.
KEY POINTS Why Should You Self-Direct Your Retirement? The case to self-direct your retirement has become stronger with each passing year. From trade wars with
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