Real estate IRAs are popular with people who want diversity and leverage against potential losses in the stock market. You can choose your own assets including commercial and residential property, raw land, as well as tax liens and deeds.
The Setting Every Community Up for Retirement Enhancement act, also known as the SECURE Act, passed in December 2019. The new law is designed to help more Americans save for retirement. But, of course, detractors don’t agree with everything the final law imposes, such as the elimination … Read More
Simple employee pension plans, or SEP IRAs, are geared towards individuals who are self-employed, partners, and owners of corporations. These plans provide a low-cost and simple retirement savings option for people in these positions. These plans offer higher contribution limits than a traditional or Roth IRA. Administration … Read More
The purpose of a Roth IRA is for you to save for retirement. However, the IRS allows a bit of flexibility within these accounts that make them highly attractive. For example (and providing you qualify) you can take penalty-free withdrawals for buying a home for the first … Read More
You’d think that you’d remember to take your required minimum distribution (RMD). But, too often many people do, especially if you’re working past retirement age and don’t need those funds to live on. If you forgot to take an RMD, if you catch it before you file … Read More
As you know, the IRS raised contribution limits on some retirement plans. This is good news, because the more you can sock away, the more compound interest works for you. Additionally, depending on the type of account you have—contributions are tax-deductible, which can decrease your income tax … Read More
We all want it—enough money to finance our lives in our later years. That dream home where we can retreat to after a long day of playing golf, or whatever it is we do when we retire. We want to retire comfortably. We want to be worry … Read More
Traditionally, the new year is a time to reflect on the goals that weren’t accomplished the year before. So, again you vow to start fresh, make significant changes, and turn it all around as you forge ahead in the new year. Many times, New Year’s resolutions include … Read More
If you have a sense of adventure and want to invest and retire on your terms, check yourself into the world of self-directed IRAs. When you put yourself in the pilot’s seat, the sky is your limit when it comes to investing choices. The types of alternative … Read More
Are you facing the possibility working of past retirement age? Will it be your choice? Well, it should be. So, if you want to avoid having to work in your 70s, take a closer look at your investing strategy.
Are you happy with the returns from your current … Read More
With a little advice and help from parents, teens can build million-dollar IRAs, especially if they start saving early. Arming teens with knowledge and tools, along with the benefits of compound interest, is critical in helping them achieve a successful retirement future.
If you have a teenager, you … Read More