Do you want a retirement plan for your business that offers more flexibility, higher contribution limits, and other big benefits than you get with a traditional IRA? How about a plan that allows you to invest in things like real estate, private equity, and gold? If you’re … Read More
With inflation and interest rates still on the rise, it’s more important than ever to create a solid financial plan that includes saving for retirement. Below are important IRA contribution deadlines, as well as those for solo 401(k)s, ESAs, and HSAs, and each plan’s annual limit. You’ll also … Read More
Roth IRAs offer great benefits you don’t get with other retirement plans. The problem is some people aren’t eligible to contribute to a Roth IRA due to income limits. The good news is you may be able to perform a conversion from your pre-tax retirement plan to … Read More
Solo 401(k) plans allow corporations, partnerships, and sole proprietorships with no employees (aside from you, your spouse, and/or business partner) to make contributions toward retirement. Self-directed solo 401(k) plans give small business owners the freedom and control to choose their own assets and use alternative investments to … Read More
Roth IRA conversions, also knows as backdoor Roth IRAs, allow you to convert funds you’ve saved in a pre-tax account like a traditional IRA into Roth dollars. This transaction is favored by individuals whose income limits prevent them from contributing to Roth accounts and enjoying the benefits … Read More
The retirement saving tips for children in this article are aimed to help you teach your child how important it is to be financially secure in their golden years. As with any lesson, this may take some time. But your efforts will provide a solid foundation for … Read More
There are three ways you can fund your retirement account. Of course, you can always make a cash contribution to the account if that contribution falls within annual limits. But if you own an existing retirement plan, IRA transfers and rollovers allow you to move funds from … Read More
You’d think that you’d remember to take your required minimum distribution (RMD) every year from your retirement plan. But it’s a common mistake, especially if you’re working past retirement age and don’t need those funds to live on. Add the fact that recent laws passed changing RMD … Read More
A checkbook control IRA, also known as a checkbook IRA, is the common term for an investment strategy when a self-directed IRA account owner uses a single-member LLC to invest. Doing so gives the account owner greater control over their retirement funds. The IRA owner can write … Read More
Self-directed IRAs are used by people who want to choose their own retirement plan investments. After all, who is better qualified to secure a successful future for yourself than you are? If you agree, we encourage you to explore a new retirement planning strategy for 2023: Resolve … Read More
