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….
Self-Directed IRA Investing Outside the U.S.
Can your IRA go International? Yes, you can invest in real estate and other assets outside of the United States with your self-directed IRA. Many of our clients have expressed interest in diversifying their portfolio by including real estate assets in countries like Panama, Costa Rica and Mexico; just to name a few. There are…
Oil and Gas for the Self-directed IRA
Many of our clients are looking to include fuel and energy sources in their investing portfolio. We have seen an increase of investing in oil and gas, wind-mills, solar energy and more. For the purpose of this article, I will focus on oil and gas as an investment strategy for the self-directed IRA. As with…
Hotel Development: A Different Twist for the REAL ESTATE IRA Investor
Did you know that you can invest in hotel development and acquire hotel rooms using your self-directed Real Estate IRA? One of our clients invested in a hotel at the beginning of the construction stage. Our client purchased rooms 1201 and 1503 of a hotel branded with a local name. He opted for rooms in…
Your Self-Directed IRA and Student Housing
Many parents consider buying property in an area where their child attends college. They hold the property for the years their child attends school. They may rent out additional bedrooms to other students to produce income for the property and then hope to sell the property for a greater profit when their child graduates. In…
Tools of the Trade with Your Self-Directed IRA: What Every Investor Must Know!
Imagine having the ability to control your retirement dollars with investments you make every day, with an asset base you understand and with tax-deferred or tax-free dollars. There are things every investor must know if they intend to leverage their IRA in order to make intelligent financial decisions and capitalize on building wealth on a…
Using Your Self-Directed IRA to Invest in Mini Storage Facilities
Recently, a client called our office to ask if he could use his self-directed IRA to invest in a mini storage facility. The answer is yes he can! After doing some research, we learned that investing in a mini storage facility either as an equity partner, a private lender who may assist the investor in…
Forward Thinking Strategy For Your Self-Directed IRA
Over the last several weeks, I have shared stories about clients who have used their self-directed IRAs to invest in creative options and accumulate wealth and profit with their retirement funds. This is yet another example of a creative strategy with a self-directed IRA. Les owns a used car lot with a 70 car inventory….
Can Your Child Have a Self-Directed IRA?
Many of our clients use strategies to help their families grow wealth by having them open their own self-directed IRAs. If, for example, your child or grandchild has a job this summer, consider contributing to a ROTH IRA for him or her this year. You can put up to $5,500 in the IRA, but not…