Resources
A Checkbook IRA is an investment approach that allows the account holder to write checks using the IRA’s cash. The account holder achieves this control by establishing and managing an account-owned entity (often an LLC). This setup allows investors to manage their cash and account assets directly as the LLC/entity manager. Ready to open a … Read More
A 1031 exchange allows taxpayers to defer taxable gains on exchanges of like-kind assets, such as property for property. Because IRA earnings already carry tax benefits, retirement account holders rarely need to employ a 1031 exchange. However, some IRAs may earn taxable income (and taxes) when holding assets purchased with debt financing. In this case, … Read More
As education costs swell with each new generation, parents may need to think about saving up earlier than ever. Luckily, the Federal government provides some assistance for taxpayers. Ready to open a self-directed ESA? Click here to access our simple ESA Application Packet! There are two main account types that can help parents stay ahead of the … Read More
In exchange for the tax advantages offered by Traditional IRA accounts, the IRS enforces rules regarding Traditional IRA distributions. If a Traditional IRA holder takes a distribution before reaching age 59 1/2, they may face a 10% penalty on top of the applicable taxes. However, the IRS offers a few exceptions to this rule. Questions … Read More
Real estate is a common investment choice for self-directed IRA account holders. Investors can translate pre-existing knowledge of the real estate market to their IRA investment strategy. Part of devising a long-term plan for your real estate IRA is understanding how refinancing your IRA-owned real estate can reduce UBIT or unrelated business income tax. Want to … Read More
Self-directed IRAs accrue tax-advantaged or tax-free earnings. They can also be passed down to beneficiaries so that the fruits of your labor aren’t lost. Inherited IRAs leave your beneficiaries money and help them avoid the hassle and expenses of transferring the money through probate. Most trust accounts require probate upon the account owner’s death for … Read More
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