Top 5 Benefits of a Roth IRA

a Roth IRA

Planning for retirement is an essential part of every Americans’ financial goals.  One of the best ways to achieve these goals is by utilizing a Roth IRA as part of your plan.  In the following, we will talk about the Top 5 Reasons You Need a Roth IRA.  A Roth can be a powerful investing […]

Backdoor Roth IRA – What is It?

Backdoor Roth IRA

As you may already know, a Roth IRA is arguably the best retirement plan you can save with.  What you may not know is that not everyone can directly contribute to one.  If you earn too much money (based on limits the IRS sets), you can’t technically utilize it.  However, there is a strategy, known […]

IRA Rules Changing – CARES Act

IRA Rules

The CARES Act, short for the Coronavirus Aid, Relief, and Economic Security Act, provides over $2 trillion in relief for businesses and individuals, to battle the economic effects of COVID-19. In addition to cash relief for citizens and loan programs for small businesses, there are other supports for hospitals, medical providers, and industries. Also, IRA […]

Required Minimum Distribution Rules

required minimum distribution

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 […]

The Most Important IRA Rules You Should Know

important IRA rules

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 […]

Traditional or Roth 401(k) – Which One is Better?

traditional or Roth 401(k)

If you are self-employed, a Solo 401(k) is an essential retirement planning tool.  But what choice is better – a traditional or Roth 401(k)?  Each option offers its own unique tax advantages.  In the following, we’ll discuss each plan and compare the two.  Depending on your financial goals, one might be a clear winner.  If […]

SECURE Act – What it Means for IRAs

Secure Act

The SECURE Act – Setting Every Community Up for Retirement Enhancement, is a major piece of retirement plan legislation.  It was passed by the House of Representatives on May 23, 2019.  It is expected to pass through the Senate later this year and then signed into law by President Trump.  There are a lot of […]

The Self-Directed IRA – Traditional 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.