Grow Your Retirement Savings with Multifamily in a Self-Directed IRA

Multifamily Investing with a Self-Directed IRA
Estimated reading time: 2 minutes

Building wealth and saving enough for retirement can be frustrating when you don’t have control over your money. Most people think they can only invest in publicly traded investments like stocks, bonds, mutual funds, and CDs… but that isn’t true at all. With self-directed IRAs, you can diversify your investment portfolio into private assets like real estate, notes, cryptocurrency, multifamily, land, oil and gas, and other private entities. One investment that is growing in popularity is multifamily. Multifamily refers to residential property that contains more than one housing unit, including a duplex, a townhome, or an apartment complex.

What is a Self-Directed IRA?

Simply put, a Self-Directed IRA is a retirement account that lets you take control and invest in the broadest spectrum of assets. Like normal IRAs, Self-Directed IRAs also have tax advantages that allow earnings to grow tax-deferred or tax-free and compounds over time, maximizing growth in the account. Additionally, certain IRAs allow you to reduce your taxable income by taking tax-deductions. The difference between a regular traditional IRA and a truly “self-directed” IRA is the types of assets they hold.

What Can an IRA Invest In?

Self-Directed IRAs offer a few more investment options than typical IRAs, one of these options being private placements, like multifamily. A Self-Directed IRA can be used to purchase almost any private asset. Common investments include single family real estate, rehab properties, commercial and multifamily real estate, private loans, performing and non-performing notes, oil and gas, land, startup companies, LLCs, and other private businesses.

More About Private Entities

Private placements are investments in privately owned companies, rather than public companies. A few examples of private placement investment opportunities include those with:

  • Multifamily
  • Limited Liability Companies (LLC)
  • C corporations
  • Start-Ups
  • Small businesses
  • Limited Partnerships (LP)
  • Hedge Funds
  • Land Trusts

 

Multifamily real estate and other private entity deals are also quite passive and don’t require much work from the Self-Directed IRA investor, making these great opportunities. Always be sure to conduct your due diligence when investing into private placements and multifamily deals. To get more information about how to use a Self-Directed IRA to purchase multifamily, you can watch our investment 101 video!

After Opening an Account, What’s The Next Step?

Next steps after opening an account
Estimated reading time: 4 minutes

Now that your account is open, you can take the next step – funding your account! There are three major ways to fund your IRA, which include making contributions, initiating a transfer, or doing a rollover. You might also be interested in doing a conversion once your accounts are open. Learn more about Roth Conversions on our website..

Not sure where to start? Here’s a closer look at some of the next steps you can take to fund your new IRA – now or in the future!

CONTRIBUTIONS

A contribution is money you personally put into an IRA. This option allows you to make an annual contribution from your personal funds. It’s important to always consult with a knowledgeable CPA in order to understand how much you may contribute personally. You may be able to get a tax-deduction for contributing to your Self-Directed IRA. But remember – every account has its own rules and contribution limit. View the current year contribution limits for your tax benefit.

When you make your contributions, they must be made in cash. You have three options when submitting contributions – wire, ACH, or check. If you plan to write a check, please make the check payable to the Quest vesting: Quest Trust Company FBO (Client Name) IRA # (Acct. Number)

View the Incoming Funds Instructions

TRANSFERS

A transfer occurs when you move money from one IRA account to another. This option applies to individuals who have an existing IRA held at another company. A transfer occurs between like accounts (e.g., Traditional to Traditional or Roth to Roth). When you move funds from an IRA at one firm to an IRA account managed by another firm, the transfer isn’t reported to the IRS and no taxes or penalties are incurred. This is because the money in the original IRA account never actually reached the account owner.

Please be aware of the following:

  • Your current custodian might require a medallion guarantee stamp. If so, you can obtain one by visiting your current banking branch.
  • Your current custodian might require the original transfer form. If that is the case, you will have to send Quest the original, signed transfer form.
  • You will need to submit a copy of your current account statement along with the Quest Transfer Form.
  • You will need to liquidate any investments prior to Quest sending the Transfer Form to help avoid any delays.

Open the Transfer Form

 

ROLLOVERS

A rollover occurs when an individual wants to move funds over from an old employer plan (e.g. 401k, 403b, etc.). A rollover can also be made between IRAs. To initiate a rollover, you must contact the current administrator of the plan and ask them to roll over the funds to Quest.

A rollover is considered a distribution and will generate a 1099-R. Provided you deposit the full amount of the distribution into an IRA within 60 days, penalties and taxes will not be assessed. Although direct rollovers are reported to the IRS, they generally aren’t taxable since the money was never made payable to the account holder. Please keep in mind, in most cases, you must have had separation of service from the employer to move the funds to an IRA.

There are two ways to complete a rollover:

  • Direct Rollover: The payment of funds will be made directly to Quest Trust IRA. No taxes will be withheld from the distribution.
  • 60-day Rollover: The funds are paid directly to you. You have 60 days to get the full amount of the distribution into your IRA at Quest. Keep in mind, taxes will be withheld from the distribution from the plan or IRA. You will have to use non-IRA funds to satisfy rolling over the full amount of the distribution. This type of rollover is allowed once per twelve calendar months from the date the rollover was received.

Complete the Quest Rollover Form

CONVERSIONS

A conversion allows you to move funds from a tax-deferred IRA to a tax-free IRA. (e.g. Traditional to a Roth. Please be aware that a conversion to a Roth IRA is a taxable event. The non-taxed portion of the converted amount will be added to your modified adjusted gross income for the year. A couple of reasons to do a conversion are below:

  • It’s a way to endure tax-free growth if you are unable to participate in a Roth IRA because of income restrictions.
  • Pay taxes on the acorn and not the money tree. Doing a conversion and paying taxes early on helps your tax-free bucket of money grow bigger and faster!

Read more about Roth Conversions

 

IMPORTANT DATES AND ADDITIONAL INFORMATION

To learn more about the next steps, follow our Quest Guide to transfers and rollovers. You’ll also want to keep these important dates in mind!

  • April 15th (Tax Filing Deadline) – This is the deadline to make a previous year contribution to a Traditional IRA, Roth IRA, Coverdell ESA or Health Savings Account.
  • October 15th (Tax Filing Deadline plus extensions) – This is the deadline to make a previous year contribution to a SEP IRA or SIMPLE IRA.

 

To talk to an IRA Specialist about your next step, schedule a free consultation!

 

3 Reasons Millennials and Gen Z are Turning to Self-Directed IRAs

Estimated reading time: 3 minutes

A big shift in the investing world is coming. As younger generations begin inheriting family wealth, more and more millennials – and even members of Gen Z – are understanding the importance of growing their money and saving for their financial future. The millennials and Gen Z of today hold more economic power than any generation that came before them, earning more, saving more, and even investing earlier. According to Fortune.com, 31% of millennials started investing before age 21, compared to 23% of generations that came before.

Millennials are also the largest workforce in U.S. history, earning money for today and for retirement. Add the transfer of tens of trillions of dollars through inheritance, which is already underway, this powerful generation is ready to take back the control of their finances. And that is where Self-Directed IRAs (SDIRAs) come in. With the freedom and opportunities Self-Directed IRAs offer, these younger generations are seeing the benefits of these accounts, and here’s why.

1. Eager to Learn

As technology increases, it becomes easier and easier to access education and information from multiple different sources. Forum sites allow for discussions of topics with other people who share similar interests, and these conversations can lead to even more desire to discover and learn. In the past, SDIRAs were not very well known and the popularity of these accounts has significantly increased over the past 30 years. With more millennials discovering SDIRAs and the benefits these accounts can offer, they are learning that it may be easier than they thought to move away from the traditional investing methods they have always been taught.

2. Perspective Shift

As Millennials and Gen Z live through different situations, there continues to be a shift in the way they view financial security. Millennials have seen the struggles of their parents, watching them live paycheck to paycheck and invest their money the traditional approach. They are seeing that the cookie-cutter methods simply weren’t working anymore, and that new investment outlets – like crypto currency, real estate and oil and gas – were providing better rewards.  Self-Directed IRA, offering the ability to invest into these alternative assets, became much more sough after.

3. Want to take back control

The most common reason Millennials and Gen Z are turning to SDIRAs is the control. Self-Directed IRAs truly put the control back into the hands of the investor. Investing vehicles like IRAs and Roth accounts at traditional custodian limit the investment choices to stocks, bonds, mutual funds, etc. and usually, those investments are sold by financial advisors. Self-Directed IRAs are different, though. They allow the investor to find an investment of their choosing, and then tell their representative where to invest the money – a strategy younger generations prefer. When younger investors asked if they would ever choose to work with the same financial advisor as their parents, 88% responded saying they would never even consider it. This goes to show that Millennials and Gen Z are ready to take back the control of their money and put it into assets they know and understand.

It’s never too early to start saving for retirement, and when investing in a vehicle that is comfortable to you, you can greatly help grow your wealth faster and greater. Though we’ve only listed just a few reasons here, the benefits are endless. If you ever have questions about how to get started with a Self-Directed IRA at Quest, call us at 855-FUN-IRAs or schedule a free consultation with an IRA Specialist HERE.

Investing in Cryptocurrency & How to Hold it in Your Self-Directed IRA

Estimated reading time: 3 minutes

As the world moves deeper and deeper into the digital realm, Quest is making sure your Self-Directed IRA (SDIRA) is able to keep up with today’s technology and investing trends. One of the most sought after and discussed investments in the world right now is cryptocurrency, an asset you can now hold in your Quest SDIRA. As lucrative as crypto investments can be, not everyone understands these intangible assets, so we’re here to help you get a better understanding of this investment and how to properly hold it in your account.

Cryptocurrency History

It may seem as though crypto has dominated the investing space only recently, but you may be shocked to hear that many well-known cryptocurrencies have been around for over 10 years. Those that held early cryptocurrency, like Bitcoin and Ethereum, have been able the see the values of these investments grow exponentially over the years. Now, many Self-Directed IRA investors are starting to see the value from cryptocurrency and are starting to take control, too.

New cryptocurrencies are created and mined daily, but only a few have become leaders in the space. When you hear the term “mining”, you may think this is simply creating new cryptocurrency (or you may not know at all), but it also includes validating cryptocurrency transactions on what is called a blockchain. The blockchain is designed to help prevent the double-spending of digital currency by recording data, transactions, and documents. Common cryptocurrencies include Bitcoin, Litecoin, and Ethereum – all of which can be held in your SDIRA at Quest. Now that you are aware you can hold this investment at Quest, it’s time to make sure you understand the actual process and feel prepared to start investing in crypto yourself.

How to Invest with Your Quest SDIRA

When you use your Self-Directed IRA to invest in digital currency at Quest, you have the ability to submit a new investment the same way you can any other private entity investment. Quest has come together with ErisX to provide a simple platform for crypto investing. All you need is an account at Quest Trust Company and to complete the onboarding process at ErisX, then you are ready to use your Client Portal to invest in cryptocurrency! Below are the steps you can follow to get started.

  1. Be sure to have your Self-Directed account established at Quest Trust Company
  2. Complete the ErisX onboarding process online
  3. Select Quest as your IRA provider on the Compliance Questions during the ErisX onboarding process
  4. Use the information you receive in your Welcome Letter to complete Quest Trust Company’s Private Entity funding information in your Client Portal
  5. Quest will process your investment and send funds to your ErisX account, which you can use to invest in crypto

Where To Get More Information

We know you will have questions as you begin familiarizing yourself with this new asset class, and we have some resources that can help you with your next steps. First, we suggest viewing the ErisX website to ensure you understand how this platform is used and why it is needed for your crypto investments. Not only can their website and staff shed helpful light, our Quest representatives are also always available to provide more information, too. You can learn more about cryptocurrency at Quest or how to navigate your Client Portal on our website.  If you have more questions about crypto investing, schedule a free consultation to speak with an IRA Specialist today.

Opening an IRA before the Tax Deadline Could Help You Save

Save Money on Your taxes with an SDIRA
Estimated reading time: 3 minutes

2021 may be long gone by now, but taxpayers still have the chance to save on their 2021 income taxes by contributing to a traditional IRA before the Tax Filing Deadline. Opening a Self-Directed IRA (SDIRA) and contributing could help you lower your taxes. This simple strategy is one of a few ways you can still pay taxes from last year, while making those contributions by April 18th, 2022.

How Can SDIRA an Save You Money?

Making contributions can help lower your taxes! For tax year 2021, you can contribute up to $6,000 to an SDIRA account with an additional $1,000 if you’re age 50 or older. Remember – you must have earned income to contribute to an IRA. If you meet certain requirements, which we will cover below, you’re allowed to deduct the full amount from your income. This means you will not owe taxes on the amount you put into your account.

If you and your spouse if filing jointly and do not have a retirement plan at work, you are able to claim a deduction on your tax return for the contributions you make to your traditional IRA. If you or your spouse do have a retirement plan at work, then your ability to deduct contributions will depend on your income and where it falls within the traditional IRA income limits. You can contribute to an IRA even if you have a retirement plan at work, though you may not be able to deduct the full amount of your contribution.

Understanding Deductibility

You’re eligible to claim a full tax deduction for your contributions to a traditional IRA if your income is under the limits, but if your income is higher than the limit, you are unable to deduct your IRA contributions. The good news is, if you’re income falls in the phase-out range you can deduct a portion of your contributions.

Other SDIRA Contributions

Another option for those that are married are spousal contributions.  A spousal IRA allows a working spouse to contribute to an SDIRA on behalf of a non-working spouse who has little to no income, as long as the contributor has earned income. The rules work the same as a normal account, except that the contributor is able to make a contribution in the name of the non-working spouse.

You may also be eligible to receive a further tax benefit for contributions that you make to your SDIRA called the Saver’s Credit.  The Saver’s Credit was created to provide a direct financial incentive for lower income workers to save for retirement. Saver’s Credit can reduce an individual’s tax bill by up to $1,000 if their income is below certain thresholds or up to $2,000 for taxpayers filing joint tax returns.

What is the Contribution Deadline?

For 2021 contributions, you have up until April 18th, 2022. If mailing in a contribution via check, as long as the postmark date is before the 18th, even if it arrives to your custodian after that date, it can still be applied. Always be sure to include the contribution year with your check when sending checks to your custodian, so the funds are applied to the proper year. If you’ve already filed your taxes for 2021 but haven’t made a contribution, don’t worry. With a little extra work, you can re-file your taxes, contribute to an SDIRA, and receive those tax savings.

If you have more questions about how to reduce your taxes by making a contribution, our team is happy to help. You can call an Accounts Receivable Representative or an IRA Specialist at 281-492-3434 or schedule a free consultation.

How SDIRA Investing Can Make You an Entrepreneur

How a Self-directed IRA can make you an entrepreneur
Estimated reading time: 4 minutes

Many people often dream of breaking out of the traditional 9-5 world and becoming an entrepreneur. The thought of being your own boss and working on your own terms is enticing but trying to figure out how to do it can be overwhelming. Not only do you have to have an idea, a business plan, and a goal, you need the capital to get started.

Did you know there are $28 trillion dollars sitting in retirement accounts? Yes, trillion with a T! Those savings funds could be the answer for many hopeful entrepreneurs. Self-Directed IRA money can be used to do private loans, or those funds could be used to invest in your start-up or venture.

How Can I Use SDIRA Money to Fund my New Business?

Studies show that one million self-directed retirement accounts are investing into private companies. With all that money sitting in retirement accounts available to invest into private assets, it’s possible to fund your business with IRA funds… but how? The first thing you must understand is how a Self-Directed IRA is involved.

When investing with Self-Directed IRAs, the account holder can diversify beyond publicly traded assets, into opportunities like real estate investments, cryptocurrency, private loans, and private companies. For the investors who aren’t as active, they prefer to take a more passive approach and lend their money to startup businesses that need funding or invest in shares of small companies. Since Self-Directed IRAs offer great benefits like tax incentives and the ability to invest in familiar assets, these plans are becoming more and more popular with private investors that want more control and freedom.

Once you have found a Self-Directed IRA holder who wants to invest with you, the process is pretty simple. You will decide the details and terms of the investment together, then provide the IRA custodian with those details. At Quest, we require an internal form with information like funding amount, maturity date, who is taking the money, etc., along with a few supporting documents depending on what type of asset is being purchased. Once the custodian has all the details, they can send funds directly to you on behalf of the investor’s IRA. It’s that simple! Whenever you need to make payments or payouts, you pay back their IRA.

Finding SDIRA Money to Fund My Business

As an entrepreneur, you can tap in and utilize those Self-Directed IRA funds. The process to use those funds is simple but requires a little bit of work and networking. Since self-directed IRA custodians like Quest must remain very neutral, the custodian can never put the investor and the new business owner together. This is where it’s up to you to make connections and share that this possibility is out there. Many people don’t know they can use Self-Directed IRAs to fund private investments and new companies.

It’s important to be familiar with the basics of how Self-Directed IRAs work and how someone can use the account to invest with you. Understanding the general process will help you as you share the possibilities with those you network with. And when it comes to networking, it’s important to say active and take the opportunities to network with investors as often as possible. You never know which conversation might lead to something life changing for you and your business!

Other Tips to Remember When Using SDIRA Funds to Become an Entrepreneur

When using Self-Directed IRAs to become an entrepreneur, it’s important to remember that there are certain accounts you cannot do business with, including your own! Self-Directed IRA rules say that you can’t use your own IRA to fund a startup company that you own personally. It must be someone else, which is why it’s crucial to networking at local and online investing events.

One way to find potential Self-Directed IRA account holders is to visit events held by Self-Directed IRA custodians. It may seem obvious, but the most common place to find SDIRA funds is at an SDIRA event! At Quest, we host around 3 local events every week, providing many opportunities to find potential investors. There are always certifies IRA specialist available at the events, too, to help answer questions or be a resource for you. Always have the contact information for a Quest Trust IRA Specialist easily accessible in case you areq talking to those who may want more information that you can provide! If you ever have questions, you can always contact an IRA Specialist by scheduling a direct 1-on-1 consultation.

Self-Directed IRAs and Seller Financing: A Basic Overview with Guest Expert, Eddie Speed

SDIRAs and Seller Financing
Estimated reading time: 6 minutes

When investing with a self-directed IRA, you have the possibility to diversify your financial portfolio beyond traditional, publicly traded assets with investments like real estate or notes. One option available to self-directed account holders that has been growing in popularity is the ability to do seller-financing. In today’s article, we will explore what seller-financing is and how self-directed IRAs can participate. Eddie Speed, owner and president of Colonial Funding Group LLC, joined Quest to provide knowledge on the subject. Eddie has been in the business of all types of notes – seller finance notes and performing notes, buying loans, etc. He frequently shares his expertise at trainings across the country, at his own note conference, NoteExpo, – and now today with Quest.

What is Seller Financing?

When purchasing real estate, its common to need additional financing. Sometimes the buyer and seller would rather create the arrangements themselves – rather than getting a bank involved. “Seller financing” is when the seller handles the financing process instead of a banking institution. Typically, in these types of real estate agreements, the seller allows the buyer to pay in installments rather than using a traditional mortgage from a bank or other financial institution, and sellers can own and oversee the debt. Overall, seller-financing allows the buyer and seller to cut out the middleman.

How Does Seller Financing Work with Self-Directed IRAs?

When using a self-directed IRA to invest, you always need to be aware of how the IRA is involved. There are a few ways a self-directed IRA can own a seller finance note. The first way is the SDIRA can actually sell the property and offer financing to the buyer. The seller is wearing two hats. They are the seller of the property, but they are also agreeing to be the bank. You can sell a property in a self-directed IRA, and you can have a note payable to your IRA. One good example would be seller-financing a rental. The other way is that your self-directed retirement account can buy someone else’s seller finance note. Then, that note is assigned to your retirement account.

Why Would Someone Want to Seller Finance a Property?

One of the biggest reasons somebody would seller-finance a property is because they discover they’ve bit off more than they bargained for. Eddie shares one prime example of this. “Small investors have bought rentals, and they found out that rental didn’t cash flow as well as they thought. It was a lot more aggravation than they planned for and more of a job than an investment.”

“I have a lot of people that we’ve helped exit the rental landlord space. They seller-finance and now they just act as a bank. They don’t get invoices and they don’t get aggravated – they just get a check. So, that’s a good example of why somebody might seller finance,” says Speed.

Another reason someone would seller finance in today’s market is because they simply like being the bank and providing options for others. “As a result of the pandemic, 30% of the people that could qualify before the virus can’t qualify today,” Eddie says. There are a lot of ‘left behind buyers’. Seller-financing with self-directed IRAs brings those buyers back up to speed.

 

Seller Finance Due Diligence

Like any investment, when seller-financing, you should always conduct proper due diligence. Due diligence ensures your investments are as safe as possible. Always be sure to do due diligence on not only the note, but the person on the other side of the investment, too. First and foremost, focus on the type of buyer and the collateral. Good collateral leads to good buyers that leads to good notes. When seeing if it’s an A-grade note or a D-grade note, there are certain things you can look out for.

Eddie’s 6 characteristics to determine A grade or D grade note

  1. The borrower – the person who owes the money
  2. The property itself – the collateral
  3. The buyer’s equity
  4. The terms of the note – the interest rate, payment, terminals, how much do they pay and how long do they pay
  5. Their pay history – how they paid
  6. The paperwork

The most important element that any investor must evaluate is the moral characteristics of their counterparty. Always consider trustworthiness of someone who is wanting to do a deal with a self-directed IRA. Be sure you can trust them to do what they say they’re going to do.

“Fraud exists in real estate and in the note business,” Eddie says. “I’ve lost more money to fraud than I ever have any other bad decision. There are two sayings I follow. One is from Ronald Reagan, and he says ‘trust, but verify.’ The other is ‘I never met a conman I didn’t like.’ The truth has a crystal and ring to it and a consistency to it. So, when I say ‘trust, but verify’, it does not mean to verify by asking them questions. Verify what they’re saying by their industry reputation, something that should be verifiable by other parties.”

Advice For Self- Directed IRA Investors

For those that have considered seller-financing, Eddie shares his advice for those looking to get started IRA investing. The most important thing to remember is that you shouldn’t be scared to learn something. Anything new will take time and commitments, but the reward is usually worth it. The other thing you should always be doing is finding the voids. When you find the void, you’re finding the opportunities that can produce.

“Those voids are where I generally focus on solving problems that lead me to good transactions. How do you learn what the voids are and how they work? You must learn some market conditions, and then go see how these market conditions play out on specific transactions,” Eddie says. “We’ve been doing it for years. We do research every week to go find out what the market says about this or that, what is not being serviced, etc. There are 2 million loans being served with notice of default this year. That equals opportunity. There is also a big void in the conventional mortgage credit criteria – about 30%, less people. Those are two very specific examples of voids in a hot market.”

 

Additional Seller-Finance Resources

When it comes to seller-financing, reviewing case studies are a great resource. Seller finance case studies can help create a better understanding of how the transactions work and give you a first-hand look into the process. Educational events are also a great place to not only learn something new, but also network with others that can help you learn the business.

“Real estate investors can do really well if they have an educational platform for seller finance techniques,” Eddie shares. “For the past 20 years, I’ve had a training company where I help people that are highly seasoned and those that are fairly new to the business in these strategies called Note School.

You can also learn more about self-directed IRAs and seller-financing by talking to a certified IRA specialist at Quest Trust Company. Our team of representatives is always available to provide free education and additional resources. If you have more questions about crypto investing, call our office at 855-286-4727 or schedule a free consultation to speak with an IRA Specialist today.

 

About Eddie Speed

Eddie has been in the business of all types of notes – seller finance notes and performing notes, buying loans that are not really seller financing, etc. Since 1980, W. Eddie Speed has dedicated his professional life to the seller financing and non-performing note industry. Over the years, he has introduced innovative ideas and strategies that have positively impacted the way the industry operates today. Eddie founded NoteSchool, which is a highly recognized training company, specialized in the teaching of buying both performing and non-performing discounted mortgage notes. He is the owner and president of Colonial Funding Group LLC, which acquires, and brokers discounted real estate secured notes. In addition, he is also a principal in a family of Private Equity funds that acquires bulk portfolios of notes. He has been a leader and innovator in the Note Business for over 30 years. To learn more about Eddie, visit his website.

Upcoming Dates You Should Be Aware Of

Tax Dates You Should Know
Estimated reading time: 3 minutes

Every dollar counts when you’re talking about your future, and it’s important you know all the ways you can maximize your Self-Directed IRA. But ensuring you’re maximizing your IRA through yearly contribution starts with understanding all the deadlines. Different accounts have different rules and being familiar with these upcoming important dates will help make sure you meet all your required IRA deadlines.

One of the most important dates you should be aware of is Tax Filing Deadline, which is quickly approaching. The good news is there’s still time to make your 2021 contributions! This year, Tax Filing Deadline is extended until April 18th, 2022. Usually, April 15th is the last day to make yearly contributions, but in recognition of Good Friday and Passover, Tax Filing Deadline has been extended to the next business day, Monday April 18th, 2022.

 

How Can I Make a Contribution? 

There are three ways you can send your contributions, and please remember that contributions must be made in cash. You can contribute to your IRA via wire, ACH, or check. If you send a check, those will need to be sent to our Houston office at 17171 Park Row Ste 100 Houston, TX 77084 and postmarked by April 18th. And, as always, make checks payable to: Quest IRA, Inc. FBO “Client Name” IRA “Account #”. Please be aware that if you are sending in your contribution for 2021, please specify which tax year it is for so our Accounts Receivable team is aware of the correct year when allocating your funds.

 

Why Should I Make a Yearly Contribution?

When you make contributions to certain accounts, you receive tax benefits, like tax deductions and tax-free distributions.  Accounts like Traditional IRAs give you tax deductions when you make contributions. Other accounts like the Roth IRA help the money you contributed grow TAX FREE. Additionally, you have the opportunity to put your money to work and watch it grow. Contributing to your Self-Directed IRA means you have more money to work with when you’re investing! The more deals you can do, the more money you can make.

The earlier you begin making IRA contributions, the longer your money can acquire compound interest. Contributing every year helps your Self-Directed IRA grow faster. By contributing to your account, you’ll be on the path to creating future wealth.

 

Other Quest Dates You Should Know About!

Right now, we have a special promotion going on for those who are ready to open an account. From March 14th – 20th, we are putting the money back in your pocket when you open an account by crediting your account once you make a contribution or do a transfer or rollover. We’ve called this promotion our Texas Two Step!

The way it works is you open an account with the $100 account opening fee, you initiate a transfer, rollover or make a contribution. Once your funds are in your account, you receive a $100 credit back to your account. With this promo, we want to reward you for taking the steps towards maximizing your Self-Directed IRA! Get more information on our website.

At Quest, we make it easy for you to get access to everything you need to make your tax season a breeze. Stay up to date with reporting requirements, contribution limits, and important dates with our Contributions Ebook. You can find all the information you need to ensure you maximize your self-directed accounts before the Tax Filing Deadline.

Your IRA is one of the most important tools you have when planning for the future. Don’t wait until it’s too late. Be sure to make your contributions before April 18th so you’re not left wishing you’d started sooner, unable to make up the lost time. If you have questions, you can email us at IRASpecialists@QuestTrust.com or give us a call at (281) 492-3434.

How are Self-Directed IRAs Helping Thousands of Investors Create Tax-Free Wealth?

SDIRAs creating Tax Free Wealth
Estimated reading time: 3 minutes

Real estate investors across the nation are adding Self-Directed IRAs to their wealth building strategies, not only for the future but for today, too. Learn the secrets, new ideas, and more at this year’s Quest Expo on how to create tax free wealth. Here are a few reasons why the Expo and self-direction are changing the game:

Portfolio Diversification

Self-Directed IRAs truly put the control back in your hands. You have the ability to diversify your retirement portfolio beyond traditional, publicly traded assets into a multitude of private investments, like real estate, notes, private companies, oil and gas, cryptocurrency, LLC, and much more. Without the limitations of the publicly traded investments, you can build your wealth faster and on your terms. With over 50 different, unique speakers and vendors present at Quest Expo to offer their knowledge and services, you’ll have resources available no matter how you are looking to diversify.

 

Tax-Savings

When you invest with Self-Directed IRAs you receive tax benefits, like tax deductions and tax-free distributions, depending on which account you have. When you contribute to Traditional IRAs, you get rewarded! These accounts give you tax deductions when you make contributions. Other savings accounts like the Roth IRA help the money you contributed grow tax-free. And there are even some accounts like the Health Savings Accounts that do both. By attending the Quest Expo, you’ll hear new concepts and ideas for saving money, beating taxes, and creating wealth for yourself and future generations.

 

Accessible Financial Education

Although SDIRAs have been around for many decades, SDIRA education has become easier to access and networking events are more frequent, allowing investors to meet other like-minded individuals. Custodians like Quest offer unlimited resources for new and expert investors like videos, articles, webinars and more. Free educational events like the ones thrown at Quest not only teach you new strategies, but they also help you grow your network. As the #1 Self-Directed IRA Expo in the nation, The Quest Expo provides the highest quality education  at an affordable cost.

 

Understanding the Business

When you invest with a Self-Directed IRA, you have the freedom to invest in assets you are most familiar and comfortable with, giving you more opportunity for success. Investing in alternative assets you know and understand will allow you to make the best decisions for your investments and your future. An understanding of the business can help you grow your network and your net worth. What better way to expand your network and grow your business than attending the largest 3-day self-directed IRA event of the year!

Check for the latest panel topics to learn more about the event!

 

The Quest Expo on September 23-35 in Houston, Texas will host both local and national experts sharing what they know about tax strategies, creating successful deals, new assets like crypto, the current and projected market trends, and much more. Are you ready to learn something and meet someone new? Meet us in Houston this fall at the Quest Expo. Tickets for the Expo are at the best prices right now for our Early-Bird presale! Don’t wait until it’s too late!

Get your ticket to the Quest Expo TODAY!

REGISTER TODAY AND TAKE ADVANTAGE OF DISCOUNTED EARLY BIRD PRICING!

The Annual Quest Expo is Back

Quest Expo Returns
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Quest Trust Company is proud to announce the 3rd annual Quest Expo is returning this year to Houston on September 23-25! The biggest Self-Directed IRA conference is back and bigger than ever. The financial event you know and love will take place in Houston in September, so be sure to get your ticket early and secure your spot at our most highly anticipated event of the year!

After a long few of years, we’re excited to return with more IRA education, more industry vendors, and more entertainment than before. The Quest Expo will be a 3-day financial conference filled with leading industry experts from across America. On September 23-25, join over 20 national speakers for an opportunity to participate in insightful panels and special keynote presentations, and network with hundreds of attendees over the course of the weekend.

At Quest, we aim to bring the best information from the most highly sought-after financial experts to show you how fun alternative investing can really be! This will be a sure-fire way to spend your weekend, a great opportunity to start making new future connections, and the best place to get brand new self-directed IRA and investing knowledge from the experts.

“A lot of people would think I was bragging if I were to tell you that the Quest Expo may be one of the most important and best events of the year,” shares Nathan Long, QTC president. “Our employees work tirelessly and selflessly to put together some of the best speakers and content. I’ve been told over and over that the Expo has been life changing to many people and I am convinced that this is going to be the greatest event we have ever put on.”

Past participants have loved this event, and we know you will, too. “You’ve got to come if you’re new, you need education and contacts; you can network. If you’re experienced, then it’s the funding, the money, the deal flow. Anything you need, you’re going to find it at the Quest Expo,” said one past attendee
The Quest Expo will feature a special Cowboy Casino Night Networking Party the night before the event for those with VIP tickets. Join in the pre-event fun and have a cocktail while you play poker or blackjack, and experience the chance to mix and mingle with other investors before the Quest Expo starts. Cocktail attire encouraged, get your Quest Expo tickets now!