The New Direction Trust Company Blog

Self-Employed Investors – Could It Make Sense t...

Self-directed investing enables you to build the portfolio of your choosing with assets you believe in. Often investors hold more than one retirement account, and a combination of a Solo 401(k) and a Roth IRA might be particularly well suited to individual business owners.  Want to open a new self-directed account to supplement your existing strategy? Click here to open a new account in a matter … Read More

7 Ways You Can Maximize Your Real Estate Return...

Vacation rentals provide a steady stream of revenue for many of its nearly three million hosts, but there’s more to having a successful listing than simply buying a property and posting on the Airbnb platform. A bit of knowledge can go a long way, in this case generating greater revenue by improving your reviews, further enhancing future potential returns.   Here we will explore how you can provide a better experience for your guests by increasing your Airbnb rental value and bolstering your reviews, which … Read More

The Five-Year Rule and the Case for Multiple Ro...

The Roth IRA is a remarkable retirement-planning tool, as investors can avoid taxes on investment earnings by following certain rules. With a self-directed Roth IRA, those earnings can come from alternative investments in real estate, private lending, private equity, or almost any other strategy of your choosing.  Ready to open a Roth IRA? Click here to open a new self-directed … Read More

What Is a Coverdell Education Savings Account? 

Investors enjoy a wide variety of tax-advantaged savings options when planning for their futures. IRAs and 401Ks help save for overall retirement costs, Health Savings Accounts target future health expenses, and Coverdell Education Savings Accounts (ESAs) focus on education costs of children and dependents.  Ready to open a Coverdell ESA? Click here to access our ESA Application Packet!  Unlike other tax-advantaged plans, a Coverdell ESA is intended to cover a beneficiary’s costs, in this case educational expenses. Typically your child … Read More

should i have two iras

Could It Make Sense to Have Both a Traditional ...

Today’s retirement investors have a broad variety of account and investment options. Some may browse their retirement plan options and assume that it would make sense to hold only one account. For example, when comparing Traditional IRAs to Roth IRAs, you may feel inclined to choose only one. But could it make sense to hold … Read More

form 1099-r

What is Form 1099-R?

If you took a distribution from a retirement account in 2020, you should receive a Form 1099-R soon. 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 of investing with a tax-advantaged plan is your ability to … 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.