IRAs

It’s never too early to start thinking about retirement, no matter what stage of life you’re in, because even tiny decisions you make now can have a major impact on your future. While you may already be enrolled in an employer-sponsored retirement plan, an Individual Retirement Account (IRA) allows you to save for retirement on […]

Simply call your current provider and request a “trustee-to-trustee” transfer if you wish to shift your individual retirement account (IRA) balance from one provider to another. This method transfers money from one financial institution to another without triggering taxes. However, there are some guidelines to follow in order to do it correctly. We’ll walk you […]

A Rollover IRA is an account that allows you to transfer funds from an employer-sponsored retirement plan to an individual retirement account. With an IRA rollover, you can keep your retirement funds tax-deferred while avoiding incurring current taxes or early withdrawal penalties at the time of transfer. A Rollover IRA can offer a broader selection […]

To begin, your IRA must be self-directed. The phrase “Alternative investments accepted or offered by the IRA custodian, financial institution, or firm responsible for record-keeping and Internal Revenue Service (IRS) reporting requirements are referred to as “self-directed.” A self-directed IRA is apart from any brokerage, bank, or investment firm that might make decisions on your […]

A Rollover IRA is an account that allows you to transfer funds from an employer-sponsored retirement plan to an individual retirement account. With an IRA rollover, you can keep your retirement funds tax-deferred while avoiding incurring current taxes or early withdrawal penalties at the time of transfer. A Rollover IRA can offer a broader selection […]

A self-directed individual retirement arrangement for a limited liability corporation is known as a self-directed IRA LLC. You, as the business owner, can build up an investing strategy for your future retirement and support the success of a newly formed LLC through this corporate organization. How do I set up a LLC for a self-directed […]

A Rollover IRA is a type of retirement account that allows you to transfer funds from a previous employer-sponsored retirement plan to an IRA. How does a rollover IRA work? A Rollover IRA is an account that allows you to transfer funds from an employer-sponsored retirement plan to an individual retirement account. With an IRA […]

Employers can contribute to traditional IRAs (SEP-IRAs) set up for their employees under a SEP plan. A SEP can be established by any size firm, including self-employed individuals. What is a SEP IRA and how does it work? A Simplified Employee Pension (SEP) plan allows business owners to contribute to both their employees’ retirement and […]

Roth IRAs have existed since 1997, and Roth 401(k)s were introduced in 2001. A Roth 401(k) is better for high-income employees since it provides for higher contribution limits and employer matching funds. A Roth IRA allows you to contribute for a longer period of time, has a wider range of investment alternatives, and provides for […]

A Roth contributory IRA is one that is funded by the account holder’s contributions rather than a rollover. In 2021, you can contribute up to $6,000 per year to a Roth IRA, or $7,000 if you are 50 or older at the end of the year. How does a Roth contributory IRA work? An IRA […]