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The Securities and Exchange Commission (SEC) recently made an intriguing announcement that allows anyone to become an accredited investor. Effective as of December 8, 2020, Series 65 (Investment Adviser Representative) license holders will qualify as accredited investors. This creates a significant opportunity for investors who could not otherwise achieve an accredited status. Ready to open a … Read More
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
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 accounts. Ready to submit your FMV? Log in to your Client Portal and follow the instructions below. What Are … Read More
Protecting ourselves from fraud is increasingly critical given the ease with which modern commerce enables unscrupulous individuals to wreak havoc. As more of our lives transition online, it’s essential to understand how we can prevent fraud and identity theft. Given the broad range of tactics criminals use and their increasing sophistication, individual consumers and self-directed … Read More
Tax-advantaged accounts like IRAs and Health Savings Accounts allow you to save for the future by deferring taxes on your investment earnings. However, the IRS requires annual reporting to track fair market values and movements of account-held cash and assets. New Direction Trust Company performs this service as your account custodian, but, as the account owner … 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
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.
