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Self Directed IRA Articles

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: Roth IRAs, Retirement Planning, 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

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: financial freedom, Self-Directed IRA, Retirement Planning

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: financial freedom, Self-Directed IRA, Retirement Planning

Multifamily Real Estate Investing

Posted by Jack Callahan on Apr 18, 2018 9:13:08 AM

If you’re familiar with multifamily real estate investing, this could be the ticket to your potential financial freedom in retirement. Investing in real estate with a self-directed IRA lets you take a more hands-on approach to growing your retirement funds. And, multifamily properties present great potential to help you build that critical wealth.

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Topics: Self-Directed IRA, Real Estate IRA, Retirement Planning

Partnering IRA Funds with a Disqualified Person

Posted by Jack Callahan on Apr 3, 2018 2:00:00 PM

The IRS goes to great lengths to explain the penalties of your IRA dealing with disqualified persons. These prohibited transactions can incur penalty, taxation, and even the loss of the tax-sheltered status of your account. However, there’s one investing tactic these regulations do allow that may surprise you, and that’s partnering IRA funds with a disqualified person.

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Topics: Self-Directed IRA, Retirement Planning, Disqualified Persons

Partnering Your IRA Funds with Other IRAs to Invest 

Posted by Jack Callahan on Mar 27, 2018 4:19:54 PM

Partnering funds to invest is not a new practice. Many investors pool funds for a few reasons. Doing so decreases an investor’s liability should the venture run amok. Partnerships also help individuals acquire lucrative assets they’re unable to alone. This maneuver can also work in terms of partnering your IRA funds with other IRAs to invest.

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Topics: Self-Directed IRA, Retirement Planning

Investing in Bitcoin for Beginners

Posted by Jack Callahan on Feb 2, 2018 9:35:28 AM

Cryptocurrency is digital (or virtual) currency that is not hampered by centralized government regulations, and its value is not dependent on or manipulated by things such as inflation. Bitcoin is the most popular and the first widely accepted cryptocurrency developed (in 2009), and to date represents the largest blockchain of its kind. Investing in Bitcoin is a hot topic right now due to its steady climb in value due to its significant rise in value from its inception.

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Topics: Alternative Investments, Retirement Planning, Self-Directed IRA, cryptocurrency, Bitcoin

Open a Self-Directed IRA and Exercise Control of Your Financial Fitness in Retirement

Posted by Jack Callahan on Jan 11, 2018 2:02:12 PM

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 giving up bad habits, eating healthier, and working on fitness goals in order to get into “peak” shape. While having a healthy body to carry you through to your golden years is important, you need to make sure that your retirement accounts are in “peak” shape as well.

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

Your Guide to Year-End Contribution Limits and Deadlines for Retirement Plans to Ring in 2018

Posted by Jack Callahan on Dec 4, 2017 8:00:00 AM

This year is almost over, with only a few months to go until we ring in 2018. While those of us at Advanta IRA have no desire to make time fly more than it already does, there are some contribution limits and retirement plan deadlines you need to know. This information will help you wrap up 2017 and move into 2018 with solid dates plan limits you need to know to make the most out of your retirement account.

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Topics: Retirement Planning, Self-Directed IRA, Contributions & Distributions