Despite rent, student loans and early withdrawals from their retirement accounts, investors under 30 feel confident they will enjoy the retirement they want, according to a recent study by E*TRADE. E*TRADE’s quarterly tracking study of...
Read moreIRA Account Balances Reach All-Time Highs As Average IRA Climbs Over $100,000
Retirement account balances in Q2 2017 reached all-time highs for the third consecutive quarter, according to an Aug. 3, 2017, release from Fidelity Investments. IRA account balances hit all-time high Positive stock market performance and...
Read moreUnderstanding ‘hardship distributions’ from a retirement account
One of the areas of concern expressed by many of our clients is access to retirement account funds if you need them before reaching the normal age of withdrawal. Specifically, they wonder about “hardship distributions” and the regulations...
Read moreHow to fight the growing ransomware threat
The IRS is in the midst of a 10-week security awareness campaign aimed at tax professionals, but the messages are applicable to us all. The campaign, “Don’t Take the Bait,” puts the spotlight on various attempts to compromise personal data...
Read moreAre You Looking Out for Your Own Financial Future?
The times, they are a-changing. And if you’re still investing in certificates of deposit or some other strategy offering measly returns, it’s high time you changed, too. It’s time for you to look out for your own financial...
Read moreHow Does a ‘Spousal IRA’ Work?
“Spousal IRAs” can be confusing to some people. But the idea is simple: to enable the non-working spouse in a household to also build an individual retirement account with tax benefits. How a spousal IRA works The idea behind an IRA is that some...
Read moreWhat is a Non-Recourse Loan?
Can your IRA/LLC use debt to leverage a real estate investment? Yes, but it must be a non-recourse loan. What is meant by non-recourse loan? With a non-recourse loan, if the borrower defaults, the lender’s only recourse (or method of recompense)...
Read moreIs Combining IRA and Personal Funds Allowed in a Real Estate Deal?
The topic of “prohibited transactions” is one of the biggest areas of confusion for those considering investing in real estate through their IRAs. As I make presentations and speak with clients and potential clients, many ask, “What if I don’t...
Read more2 Potential Pitfalls in Self-Directed Investing
Your self-directed individual retirement account is a powerful vehicle for investing in real estate. But make sure you understand the rules so you don’t run afoul of state or federal regulators. There are pitfalls you need to be able to recognize...
Read moreWhich Type of IRA is Best for You?
Most everyone would agree that saving for retirement isn’t only a good idea, it’s a necessity. But to the uninitiated, the very thought of IRAs can be seem mind-boggling. There are a variety of types of individual retirement accounts, each with...
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