Even though 2020 is over, you have time to implement a few retirement planning tax strategies that can impact your income tax liability due on April 15. These strategies can help you now, and also set you up for a successful 2021. This article is short, sweet, … Read More
Checkbook IRAs present a powerful investing strategy that make it easy for account owners to invest in alternative assets. Account owners form what’s called a single-member LLC, and your IRA operates under the umbrella of that LLC. These structures provide more flexible investing power than typical self-directed … Read More
Have you ever considered investing in bitcoin with your IRA? There are several advantages. Most notably is the fact that Bitcoin was the best performing asset—in the world for the past two years in a row (at the time of the writing of this article). Successful investments … Read More
You don’t have to wait to see a for sale sign go up to find investment property (or any property, for that matter). There are potential off-market real estate options available—if you just know how to find them. Whether you invest in real estate with your personal … Read More
A health savings plan is a fantastic tool that can lessen the burden of health care costs now and in the future. Unused funds in the account roll over year after year, accumulating growth that can significantly supplement your retirement income. A self-directed health savings account gives … Read More
You don’t have to work for a big company to have a 401(k). Small business owners and self-employed individuals can open and contribute to an individual 401(k) and enjoy the same retirement-saving benefits that the traditional corporate plan offers. A self-directed solo 401(k) has the same features … Read More
It’s that time of year again. Fair market valuations (FMVs) are required by the IRS for the assets in your retirement plan. These valuations must be assessed by end of the income tax reporting year. You may be allowed to perform certain valuations yourself, but it is … Read More
While most of us start preparing our income taxes at the beginning of the year, there are moves you can take now to help relieve your tax burden. When it comes to retirement planning, there are strategies that can maximize your savings benefits, too. The following explains … Read More
In pre-COVID times, many Americans wanted to work from home. However, employers were resistant, uncertain it would foster productivity. Now that COVID has forced the issue, many Americans have no choice but to work from home. The transition was somewhat easy and, by most accounts, is surprisingly … Read More
Have you suffered loss of income on investment rental property due to COVID-19? Or, are you hesitant to invest in rentals until the pandemic is more under control? The personal and professional impact the coronavirus pandemic has caused is undeniable. However, there are strategies you can use … Read More
