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Self Directed IRA Articles

Jack Callahan

Recent Posts

Contribution Limits and Deadlines for Opening and Funding Retirement Plans

Posted by Jack Callahan on Apr 9, 2019 4:20:00 PM

The deadline to file your income taxes is right around the corner! If you're looking for a way to reduce your taxable income, there are a few retirement plans the IRS allows you to open and contribute to up to the day you file and have that contribution count for 2018. Consult a tax professional to ensure it's done correctly. In the meantime, below are different plans with their contribution limits and deadlines to review so you can choose the best one for you.

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Topics: Roth IRAs, SEP IRA, SIMPLE IRA, Contributions & Distributions, Traditional IRA

How Does a Self-Directed Health Savings Account Work?

Posted by Jack Callahan on Jan 29, 2019 8:53:15 AM

People turn to self-direction these days because they want control. There is a certain security in making your own choices, especially when it comes to investing accounts. Self-directed health savings accounts (HSAs) give you control over your own investing decisions just like a self-directed IRA. And, yes, that means that you choose the assets for the account, not a broker or account custodian.

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2019 Goals: Resolve to Get Involved and Choose the Investments in Your IRA

Posted by Jack Callahan on Jan 22, 2019 10:17:48 AM

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 free. We want to spend our golden years doing exactly what we want, when we want, and where we want.

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Top 4 Reasons to Invest in Multifamily Real Estate Today

Posted by Jack Callahan on Dec 18, 2018 9:25:43 AM

When it comes to real estate investing, you’ve got a plethora of options you can use to net the income you’re looking for. One of the most popular assets we see people invest in is multifamily real estate.

Not only is multifamily real estate used by those who invest with their own capital or other funds, our clients use their self-directed IRAs to invest in these assets. The returns can be quite lucrative when you invest in the right property, have steady tenants, great amenities, and eye-catching curb appeal.

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Topics: Real Estate IRA, Retirement Planning, Multifamily Property

Tax Law Changes Eliminate Recharacterizations of Roth IRA Conversions

Posted by Jack Callahan on Dec 12, 2018 6:57:16 AM

Roth IRA conversions allow you to move some or all of the funds from your traditional IRA account into a Roth account. If you’re going to convert, you must do so by December 31st of the tax-reporting year. And, as you know, that deadline is coming up for 2018, so if you want to convert, now is the time. But, take note: tax law changes regarding these transactions no longer allow recharacterizations for accounts set up after 2017.

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Topics: Retirement Planning, Roth IRAs, Self-Directed IRA

Fair Market Valuations on Assets in Your IRA

Posted by Jack Callahan on Nov 15, 2018 3:23:00 PM

Fair market valuations (FMVs) are required by the IRS for the assets in your retirement plan. The valuations must be assessed as of the end of the income tax reporting year. You’re not allowed to complete these valuations yourself—you must request a qualified, independent third party to provide them. So, now is the time to start making moves to get it done.

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Topics: Retirement Planning, Industry News

Rehab Investments vs. Rentals: Which Is the Right Real Estate Investing Move for You?

Posted by Jack Callahan on Sep 6, 2018 10:29:55 AM

The housing market looks pretty solid right now. Consumers are challenged with low inventory and rising home costs. New construction can’t keep up with the demand and experts predict home prices to continue increasing. Interest rates have risen, too, which makes renting appealing to many. So, if you’re interested in real estate investing, you might find the time is right to invest in rentals or renovation projects (or both!). But, first, explore rehab investments vs. rentals to discover which is best for you.

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Topics: Real Estate in an IRA, Rental Property, Rehab and Flip Investments

3 Steps to Smashing Success with Your Retirement Finances

Posted by Jack Callahan on Jun 7, 2018 8:00:00 AM

We live in a world of instant gratification. We want what we want, when we want it, and with today’s technology, we usually get it. But, there are exceptions to this rule, and achieving the desired returns on the investments in our retirement plans is one of them. If this describes you, then read on, because we’re going to explain how you can make some changes now to put yourself on the path to achieve success in building your retirement finances.

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Topics: Retirement Planning, Self-Directed IRA, financial freedom

Crush Financial Stress with this Strategy

Posted by Jack Callahan on May 31, 2018 8:00:00 AM

As you may already know, when people feel stressed, they turn to unhealthy habits such as poor eating, smoking, drinking, and often lose sleep. Your health today will directly impact what your future quality of life will be when you retire. And, the financial decisions you make now are important to enjoying financial freedom in your retirement years.

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Topics: Alternative Investments, Self-Directed IRA, financial freedom

7 Easy Ways to Build Retirement Wealth the Right Way

Posted by Jack Callahan on May 23, 2018 8:00:00 AM

In 2017, the stock market boomed as our country enjoyed encouraging economic growth and sizeable corporate profits. So far in 2018, stocks are continuing to perform well, hopefully adding much-needed funds to your retirement account. Another year to achieve desired returns in your IRA. Another year closer to the day you walk out of that office door for the very last time. Right?

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Topics: Retirement Planning, Self-Directed IRA, financial freedom