Self Directed IRAs Transferring IRA Assets in a Divorce IRA assets are often a hotly contested financial asset in a divorce, especially when a self-directed IRA contains alternative investments with the potential for significant future returns. It’s important to understand the rules for transferring ownership of IRA assets in a divorce to avoid unnecessary tax and penalties.
Self Directed IRAs Why Convert to a Roth IRA? Mainstar Trust, an innovative leader in specialized retirement custodial services, outlines why you should consider converting to a Roth IRA.
Self Directed IRAs Maximizing IRA Contributions: The Strategic Advantage of Recharacterization What if you could invest your money in a SDIRA now & then choose your tax benefit when you know which type of contribution would best suit your financial situation?
Self Directed IRAs A Break-Up: Conversions and Recharacterizations Before 2018, self-directed IRA owners could choose to recharacterize or undo a conversion to their self-directed Roth IRA, up until their income tax-filing deadline for the year.
Self Directed IRAs Should You Worry About Prohibited Transactions? While many investors find self-directed IRAs appealing because of the wide range of investment options, some investors are wary of alternative investments because they’ve heard about “prohibited transactions.”
Self Directed IRAs Importance of Keeping Beneficiaries Updated When it comes to planning for wealth transfers, it’s extremely important to review your beneficiaries periodically…especially if you have had children, divorced, or remarried since you first established your retirement account.
Self Directed IRAs Self-Directed IRAs: Challenges and Options A self directed IRA provides opportunities for investors, but what more is there to know? Find out what types of investors are ideal for a self-directed IRA.
Self Directed IRAs What Does Unrelated Business Taxable Income (UBTI) Mean? To maximize retirement savings accumulations, many IRA owners are turning to “non-traditional” IRA investments, such as real estate, Limited Partnerships (LP) and Limited Liability Companies (LLC).
Self Directed IRAs Traditional vs. Roth IRA – How to Choose? Whether to use a traditional or a Roth IRA is a decision anyone saving for retirement with an IRA must make. Both types of IRAs allow you to accumulate significant funds for retirement, but each provides different tax advantages.