IRA Custodians

Rules for IRA LLC Contributions and Distributions

Self-directed IRA LLC investors are understandably concerned about complying with IRS and DOL Prohibited Transaction rules, but they can often forget some rules for IRA LLC contributions and distributions.  Don’t be laxed, confused or ambivalent about important rules for contributions and distributions from your IRA account when utilizing an IRA LLC structure.   It is always important to pay attention to…read more →

2018 401(k) Contribution Limits

This week the IRS came out with changes to the 2018 401(k) contribution limits…and contribution limits for other plans.  This newly-released 2018 401(k) contribution limits also apply to a Solo-K plan (which is also often referred to as an individual 401(k), uni-k plan, self-administered 401(k) and self-directed 401(k)).    While no major changes occurred, any upward change in contribution limits…read more →

Distributions from Your Self-Directed IRA

Whether you have an IRA LLC or an IRA Trust, there may be a times that you want or are required to take distributions from your self-directed IRA.  Distributions from your self-directed IRA may be in the form of a “normal” taxable distribution from your traditional IRA, a tax-free distribution from your Roth IRA, or you may be taking a…read more →

Why You Should Strongly Consider an IRA Trust

There are a few reasons why you should strongly consider an IRA Trust.  Okay, let’s take the mystery out of this equation:  for the typical client establishing the IRA Trust, to them it really won’t look that much different than an IRA LLC.  Both will allow you to invest into non-traditional assets (e.g., real estate), and both will permit you…read more →

What Can You Do With Your SIMPLE IRA?

What Can You Do With Your SIMPLE IRA?

The poor ole neglected SIMPLE IRA.  Many haven’t heard of it, fewer probably have one.  The SIMPLE IRA (Savings Incentive Match Plan for Employees) is associated with an employer plan, an alternative option to a company-sponsored 401(k) plan.  This post is not to promote the use of a SIMPLE IRA, as most SIMPLE’s would not be self-directed (but, they can…read more →

Required Minimum Distribution from Your IRA

IRS rules dictate a required minimum distribution from your IRA when you have reached 70 1/2 years of age.  Most people who meet the requirement for minimum distributions are aware of this rule, but it is always good to have a refresher, especially as some of these rules can start becoming a little confusing. What I have found to be…read more →

IRA LLCs and 401(k) Plans — Where to Hold Precious Metals?

Over the years, this has been a much-discussed and frequently debated topic for those individuals who wish to hold precious metals in their IRA LLC or 401(k) plan.  Must you only use a depository?  Can you use a bank?  Can I have them at my home? Historically, it depends on who you ask?  Here’s the typical lines: Coin Depository — You…read more →

Self-Directed IRAs — Year End “Things to Do”

We all have busy schedules….especially going into the end of the year and holiday season.  In that “spirit”,I am certainly not going take up too much of your valuable time. But, as an IRA account owner who has a self-directed IRA or self-directed IRA LLC, there are some end of the year steps you may want (and need) to take….read more →

IRA Rollovers to a Solo-K

For anyone who established their Solo 401(k) plan in this current year and rolled over IRA funds into their individual 401(k) plan….this is for you. You established your self-administered, Solo 401(k) plan.  You may have set up your plan up in January or possibly setting it up at the end of the year.  You may have set up your plan…read more →

Beneficiary Mistakes — Self-Directed 401(k) or IRA (Part 2)

In the previous post, we introduced three potential beneficiary designation mistakes.  In this post, we will point out a few more. Don’t Name Your Kid! This is not meant as harsh as it sounds.  As with other considerations, this relates to the issue of age.  There are WAAAAY too many people who identify their minor children as either a primary…read more →

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