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The U.S. government extended a series of helpful financial lifelines as we navigated the 2020 peak of the COVID-19 pandemic. Chief among the implemented measures was the Coronavirus Aid, Relief, and Economic Security, or CARES, Act. This key legislation included a provision allowing investors to tap into retirement funds for emergencies without having to worry about IRS scrutiny. Need … Read More
With Tax Day right around the corner, let’s review the IRA tax forms you may receive. Browse your account information through the Client Portal. Form 1099-R You will receive a Form 1099-R if you took a distribution from your account last year. This is true even if you took a qualified Roth distribution on which you’ll owe … Read More
A lucrative investment strategy may carry tax considerations, but the beauty of tax-advantaged accounts lies in your ability to defer some or all of the taxes on your annual earnings. However, depending on the nature of your account-held investment, tax season can present certain responsibilities. Together, we will walk through some important considerations for you to … Read More
The promise of a new year often comes with new considerations for your self-directed IRAs, 401(k)s, and Health Savings Accounts. It’s also a time when the IRS may decide to tweak annual contribution limits or income requirements surrounding tax benefits. It’s not too late to contribute for 2020! Click here to log in to the Client Portal and … Read More
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
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.
