With all of the recent tax changes, regulatory issues dealing with lending and debates on issues such as IRA-owned LLCs, I thought it was important to write an article on the basics of Self-Directed IRAs and let you decide before you buy. Why Self-Direction? This is not a vehicle for everyone. It is for an…
Category: General Self Directed IRA
IRS Updates Publication 590 For Individual Retirement Accounts
IRS Publication 590 has been updated and released by the IRS. This publication is directly related to Individual Retirement Arrangements and is used by CPAs and other tax preparers when filing federal income tax returns, as well as by IRA owners seeking answers to specific questions about how the IRS views these accounts. In addition…
Business Start-Ups and Your Self-Directed IRA
According to Wikipedia, Rollovers as Business Start-Ups (ROBS) are arrangements in which current or prospective business owners use their profit sharing plans, IRAs or other retirement funds to pay for new business start-up or acquisition costs or to refinance an existing business. Many clients and people who have contacted us after attending a webinar or…
Understanding Fair Market Valuation Forms For Self-Directed IRAs
Custodians and Administrators of self-directed IRA accounts have begun sending out notices to clients regarding the 2013 Fair Market Valuation forms that are due back to their offices in January. A fair market valuation is used to assign or change the value of an asset. Plan Administrators are required to provide a year-end value as…
Would A SEP Make Sense For Your Self-Directed IRA?
One of the most common questions I get when I speak is, “How can I buy real estate or any expensive asset in my IRA when I am only allowed to contribute $5,500 each year?” There are several different types of IRA accounts that can be established to purchase real estate or any other investment…
Boost Your Self- Directed IRA: Understanding the ROTH IRA Conversion
I recently had some clients ask about a ROTH IRA. They are a married couple earning $300,000 a year and want to invest in real estate with their IRA. Their goal is to have income, cash flow and the potential for appreciation should the IRA opt to sell later. The question was how to do…
The Self-Directed IRA and FRAUD
I recently read an article that talked about the top financial threats facing investors and small businesses. The Securities and Exchange Commission is reporting an increase in complaints about fraudulent schemes that utilize Self-Directed IRAs. Scam artists are using Self-Directed IRAs as a way to lend credibility to a bogus venture. Of the seven areas…
Becoming an Informed Self-Directed IRA Investor
I recently did a Webinar with the CEO of Realty Mogul, an online Real Estate Crowd Funding Portal. To view this webinar click here or email us at [email protected] with your request. One of the Webinar participants asked about accredited investor rules. He specifically wanted to know if he needs to be an accredited investor…
Approaching Retirement and Your Self-Directed IRA.
We recently received an email from a client asking about Required Minimum Distributions. This client is approaching the magic number of 70. She read that at age 70 ½, she is required to starting taking distributions out of her Traditional IRA. She asked if there was a way around this, as she doesn’t need the…
IRA Distributions And The New 3.8% Healthcare Tax
Our office has been receiving numerous calls regarding the new 3.8% tax to pay for the Obama Healthcare Law that was recently signed. The primary question is regarding whether you, as the client taking a distribution from your IRA, will be subject to this tax. As you know, IRA Innovations does not provide financial advice….