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Self Directed IRA Articles

Scott Maurer

Recent Posts

Steps to Take Now if You Forgot to Take Your RMD

Posted by Scott Maurer on Mar 26, 2019 11:36:53 AM

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. However, if you catch it before you file your taxes—you might get a pass from the IRS.

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Topics: Retirement Planning, Required Minimum Distribution (RMD)

What Happens If You Contributed More to Your IRA than Allowed?

Posted by Scott Maurer on Mar 21, 2019 3:08:35 PM

This is an excellent question because it does happen. Often, these mistakes are caught around the time your trusty CPA is preparing your taxes. Hopefully, they catch the error in time to make adjustments that may ease the 6 percent penalty that’s levied if you contributed more to your IRA last year than allowed.

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Topics: Retirement Planning, Contributions & Distributions

Contribution Limits for 2019 and Compound Interest: Don’t Miss Out

Posted by Scott Maurer on Mar 19, 2019 2:58:55 PM

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 liability at the end of the year.

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Topics: Retirement Planning, Contributions & Distributions

Top 10 Facts about Investing in Cryptocurrency in 2019 You Should Know

Posted by Scott Maurer on Feb 5, 2019 10:16:28 AM

Investing in Bitcoin was at the forefront of news in the financial world in 2017 because of its record-breaking rise. However, 2018 proved to be somewhat of a disappointment for some cryptocurrency investors as it entered a bear market, producing one low after another. But it is still an investment many consider not to be ignored.

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Topics: Alternative Investments, cryptocurrency, Bitcoin