Is it possible to “partner” with your IRA? Let’s say I provide half of the (non-retirement) money and my IRA supplies the other half. “We” then elect to execute a fix & flip. We would each receive 50% of the net profits, correct? I thought you could only do this if you start a business … Read More
Question: Is it true I can’t live or vacation in my real estate IRA property? Answer: True. The IRS prohibits benefiting personally from any asset owned by your IRA (i.e., self-dealing). Furthermore, you can’t let any of your lineal relatives benefit from the asset either. This includes your parents, grandparents, children, grandchildren, spouse and fiduciaries. … Read More
How do I manage a real estate IRA? How do I manage expenses and cash flow in an IRA, particularly when I reach retirement age and have to take required minimum distributions (RMDs)? Planning for cash flow needs is critical for any investment strategy. This is especially true when investing in illiquid assets like real … Read More
It’s not been widely known that the IRS allows retirement accounts such as IRAs to hold gold and other precious metals. That’s because most retirement accounts are administered by companies that have no incentive to allow clients to diversify into asset classes that they don’t sell. Want to open a Gold IRA? Click here to access our simple online new … Read More
People assume retirement investments must be exchange-traded stocks, bonds, and mutual funds. Stock market volatility frequently intimidates retirement investors to the point that they simply do nothing and forego crucial retirement planning. Roth IRA account owners will be pleased to know there is an entire spectrum of alternative investments unrelated to the stock market available to them. … Read More
As a self-directed IRA custodian, we get dozens of questions about unrelated business income tax (UBIT), taxes on IRAs, and taxes on other retirement accounts every day. Most perplexing to clients, it seems, is UBIT. Let’s examine three commonly asked questions. Ready to learn the ins and outs of UBIT? Click here to download our UBIT Guide. Leveraged … Read More
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