Retirement Accounts

During these turbulent times, Benjamin Franklin’s famous idiom in his letter to Jean-Baptist Le Roy rings true, “…but in this world, nothing can be said to be certain, except death and taxes.” While taxes may be inevitable, there are some strategies that can be implemented that will prevent filing your returns from feeling like a do-it-yourself mugging. We’re not going to touch on the complicated and convoluted tax strategies of the uber-wealthy, there’s something much simpler that’s certainly worth considering and likely worth doing- a Roth conversion.

A Self-Directed Individual Retirement Account (SDIRA) is a retirement savings account. A type of traditional or Roth IRA and with identical IRA contribution limits, an SDIRA is for saving for your retirement on the basis of tax-advantages. The difference between an SDIRA and IRA lies in the number of investment options. In addition to all the IRA allowed options, such as stocks, bonds, mutual funds, and other investments; SDIRAs allow you more options, such as rental properties, a privately-held company, etc. It is needless to mention that more options mean a bigger, more secure investment for your lifetime period. Continue reading…

Based on watching tens of thousands of investors make self-directed investment decisions every day for the past seventeen years – I’ve seen success and some painful failures during upturns and downturns in the market. Here are a few words of advice when thinking about adjusting your retirement assets.

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The Setting Every Community Up for Retirement Enhancement (SECURE) Act has brought in good news to the large number of Americans who are concerned about securing their financial future post-retirement by saving enough money. The SECURE Law, signed by US President Donald Trump on 20 December 2019, became an Act with effect from 1 January 2020.