Accumulation Trust to Replace Stretch IRA
The accumulation trust allows IRA holders to keep the stretch IRA concept intact, but they won’t receive the tax advantages.
You May not Need to Take an RMD in 2020
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.
New RMD Age for Self-Directed IRA May Boost Demand in 2020
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.
Required Minimum Distribution Rules
Now that 2019 is winding down, it’s important to make sure your financial matters are taken care of. One of the most important ones to remember if you are at least age 70 1/2, is your required minimum distribution or RMD. This is the amount that the IRS requires you to withdraw from most retirement […]
Solo 401k Year-End Tips for 2019
Now that we’ve reached December, it’s time for some Solo 401k Year-End Tips. There are several things you must do before the end of 2019. In the following, we’ll talk about these items, so you’re not left in the cold. It’s essential to make sure your Solo 401k is in order going into the new […]
The Most Important IRA Rules You Should Know
In general, IRAs and other retirement plans are not overly complicated to use. However, there are several important IRA rules you should be aware of. This is especially true for Self-Directed IRAs. Failure to follow the rules may disqualify your plan. Thus, all funds and investments held by your Self-Directed IRA will be distributed to […]
Roth IRA Conversion – When and Why to Do It
A Roth IRA conversion is wise if you are young and want tax-free growth or you’re concerned about future tax rates. Learn more at IRA Financial Trust.
The Self-Directed IRA – Traditional IRA
The Traditional IRA is the retirement account most Americans know about. A self-directed IRA, on the other hand, is like a traditional IRA, but with more investment opportunities. Self-direct your traditional IRA today.
