Resources
Every year around this time you may hear from us about fair market valuations (FMVs). Rest assured that our frequent iterations on this topic stem from FMVs being a critically important part of your account. Are you ready to submit your FMV for the year? Access the Client Portal, browse your asset(s) on your main … Read More
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 2023 tax year. Let’s take a look at some key contribution information for the 2023 tax year. Before we start, don’t forget that it’s not too late … Read More
If you took a distribution from a retirement account during the previous year, you should receive a Form 1099-R from New Direction Trust Company in early February. Once you have it, what are you supposed to do with it? Need to review your account information? Access the Client Portal. Preparing Your Tax Filing The beauty … Read More
Year-end is a busy time, yet in our holiday preparations, we should not overlook tax year requirements, a few of which have December 31 cut-offs. For self-directed investors, this could mean fair market valuations (FMVs) of their self-directed retirement accounts. Ready to submit your FMV? Log in to your Client Portal and follow the instructions below. … Read More
The security of an IRA depends on a variety of factors, and whether an IRA held at a traditional custodian or brokerage is more secure than one held at a self-directed IRA (SDIRA) custodian can depend on the specific custodians in question. In general, traditional custodians or brokerages are more established and have more resources … Read More
Traditional IRA custodians or brokerages may not service alternative assets for a variety of reasons. One reason is that managing and administering alternative assets can be more complex and time-consuming than managing traditional investments like stocks and bonds. This can increase the administrative burden and costs for the custodian or brokerage. Another reason is that … 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.
