Advantages of a Solo 401(k)
December 11, 2019
Retirement Accounts
Self-Directed Accounts: No Longer A One Size Fits All
July 1, 2019
Planning for a successful retirement can be an intimidating task, to say the least. While many people are saving for retirement through employer-sponsored plans like 401(k)s or 403(b)s, there are additional options that can make all the difference between getting by and continuing to build wealth into your golden years. IRAs have been around since 1975, and while most people are somewhat familiar with them, very few people are aware of the full scope of opportunity offered by these accounts. There are several major considerations when choosing which strategy is right for you.
Continue reading…Should You Consider a Solo 401(k)?
March 29, 2019
As we near the end of tax time, many real estate investors are reeling from the amount of money they owe Uncle Sam. I’m surprised they don’t spend more time doing something about it. I deal with real estate investors on a daily basis, and I’m always impressed with their creativity, independence and persistence. It has become obvious that the most successful investors leave no stone unturned. They are interested in leveraging every available resource to boost their returns. But many overlook the benefits of a Solo 401(k).
Continue reading…Roth Conversion: Tax Free Growth, Tax Free Withdrawals
November 29, 2018
Roth 101 – The Basics of Conversion
When the Roth IRA was created in 1997, it was a small footnote in the world of Pensions and 401(k)’s. Fast forward 20 years, and the Roth is on everyone’s mind. The big question; Should I CONVERT my Traditional IRA to a Roth?
There are 3 main questions to ask yourself about conversion.
Roth IRAs and Why They’re Your Secret Weapon to Retiring Well
October 2, 2018
When considering yearly income taxes, many enjoy the benefits of a traditional IRA or any pretax retirement account, largely because they are able to deduct the contribution on their tax return. This is part of a strategy used to secure a lower tax bracket. However, investors that self-direct often enjoy large gains making the Roth IRA their #1 choice – and for a very good reason.
When you contribute to a Roth, you pay taxes up front. You might be asking yourself, “What’s so great about paying taxes up front when you can’t deduct your contribution from your taxable income that year?” Well, when you pay the IRS up front, that’s it, they don’t get anything else. Yes, it’s true. That means no capital gains tax, and no forced distribution at any age. You can buy and sell stocks, bonds, real estate, crypto currency, precious metals, etc. all inside your Roth IRA. This leads to increasing your wealth, year after year, without owing any additional taxes.
Let that sink in for a second.
