Staying up to date with any new considerations for your tax-advantaged plans is pivotal in planning for your retirement. The IRS recently announced new annual contribution limits for the 2024 tax year. Let’s take a look at some key contribution information for the 2024 tax year. Before we start, don’t forget that it’s not too … Read More
As the end of the year approaches, it’s essential to stay informed about financial responsibilities and requirements. In this blog post, we’ll address some frequently asked questions (FAQs) regarding Required Minimum Distributions (RMDs), Fair Market Valuations (FMVs), end-of-year statements, and tax forms to help you navigate your financial obligations effectively. Required Minimum Distributions (RMDs) — … Read More
Investing wisely during economic downturns is crucial for securing a stable financial future, particularly for those nearing retirement. Traditional investment strategies often prove inadequate during recessions, prompting the need for alternative approaches. This comprehensive guide, inspired by insights from “3 Alternative Assets Your Retirement Account Will Thank You For Adding To Your Portfolio,” delves into … Read More
Introduction Self-directed IRAs (Individual Retirement Arrangements) offer an expansive canvas for personalizing your retirement portfolio, but this freedom comes with a complex set of responsibilities. The legal entanglement faced by the estate of late actor James Caan and his team of advisors, renowned for his roles in “The Godfather” and many other films, serves as … Read More
Introduction: Embracing Gratitude and Financial Well-being As the season of gratitude unfolds, we find ourselves reflecting on the multitude of blessings that grace our lives. At NDTCO, a place where futures are nurtured through self-directed IRAs, we’re reminded that gratitude is not only about appreciating what is good in our lives but also about ensuring … Read More
Introduction to IRAs and Uninvested Cash Individual Retirement Accounts (IRAs) are a cornerstone of many retirement plans, offering a range of investment options from stocks to bonds to mutual funds. However, what often goes unnoticed is the treatment of uninvested cash within these accounts. Uninvested cash is the portion of your portfolio not currently allocated … Read More
New Direction Trust Company (“New Direction”) performs the duties of a directed custodian. It does not provide any investment advice, legal advice, or tax advice. New Direction does not undertake any due diligence for you, including with respect to any investment or investment provider featured in this blog post or joint webinar or any other investments that you choose to hold in your New Direction account(s). Any information regarding any investment provider or investments that is contained in this blog post or Webinar was provided by the third-party investment provider. New Direction is not affiliated with, does not control or direct, and has no responsibility over any third-party investment provider or investment, and the inclusion of any investment provider or investment options in this blog post or Webinar does not represent an endorsement or recommendation of the investment provider or investment by New Direction in any way. New Direction does not endorse or recommend any investment provider or investment, including those found in this blog post or Webinar. Information and third-party links contained in this blog post or webinar are provided for informational purposes only, and it is solely the responsibility of investors to perform their own, independent due diligence on any investment opportunity. Investors should consult their own investment, legal, and tax advisors before making any investment choices.
