Posts Tagged "simple ira"

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 →

Rollovers to a Solo 401(k)

There is never a bad time to give reminders on rollovers into a 401(k) plan.  There are many different retirement plans (e.g., IRAs, ex-employer’s 401(k) plans) that one can rollover into their Individual 401(k) plan.  And, when you keep in mind that a PGI SelfDirected one-participant 401(k) plan provides you the option of having a plan that can invest in traditional assets and non-traditional…read more →

IRS Rollovers — A Simple Chart!

Did I actually say IRS and Simple in the same sentence?! Well, yes, I did.  Most of us believe that it seems like anything related to the IRS is not simple.  And, for most, the conversations of what a “rollover” is, what a “transfer” is and how they are different from each other can make one’s head roll. However, the…read more →

IRA and 401K Rollovers — Is this a Horror Movie?!

IRA and 401K Rollovers — Ugh, rules for such rollovers are often misunderstood, questionable in their clarity and often mishandled by honest, tax-paying account owners.  In fact, the rules are often so much misunderstood by many that the IRS often reviews exception requests by individuals requesting relief of rollover tax penalties….not because they were trying to break a rule BUT…read more →

Self-Directed 401K — How About NO CUSTODIAN Requirement?!

Ah, you have done all your research on self-directed IRA plans, you learn about all the IRS regulations and Prohibited Transactions affecting both IRA and 401K plans, and you even are trying to determine whether you should establish a Roth IRA or possibly do a Roth IRA conversion with your current funds. Undoubtedly, in your research, you quickly learned that…read more →

Self-Directed IRA Plans — Which Ones can be Self-Directed?

The age-old question related to Self-Directed IRA plans….which ones can be self-directed? While there are some IRAs that, practically speaking, will not be self-directed, it doesn’t mean that they can’t be. You just don’t find it that often. Many folks just assume that if it is an IRA, only a Traditional IRA and a Roth IRA can be self-directed. In…read more →

Self-Directed Roth 401K — More Good Stuff!

Okay, maybe it is because I am familiar with IRAs and qualified retirement plans (e.g., 401K plans), but while almost everyone has heard and understands (basically) the permissibiity of having a Roth IRA, most individuals who are current 401K participants (self-directed or not) have no clue that IRS regulations permit 401K plans and its participants to make Roth contributions. Here…read more →

Self-Directed IRA Contribution Limits — Who Stinking Cares?!

Well, actually, all of us should. So, why do I have such a strong commentary on the subject matter of IRA contribution limits…whether it be an IRA, Roth IRA or SIMPLE IRA? It is because in comparison to a 401K plan, the IRA just doesn’t hold up with any aggressive planning you may have to increase the value of your…read more →

My 401K, Self-Directed IRA — And, Social Security?

As all of you know, the posts on this site are, primarily in reference to self-directed IRA and 401K plans and the use of these vehicles to benefit your retirement plan and retirement savings.  Whether we are speaking of Traditional IRAs, Roth IRAs, SIMPLE IRAs, SEPs or 401K and other qualified plans, the conversation is all self-directed. But, with your…read more →

What Types of IRAs can be Self-Directed? (VIDEO)