The Quest IRA Blog

Key questions to ask a potential IRA custodian

Choosing an IRA custodian shouldn't be done lightly - there are many important factors that need to be taken into consideration when making your decision, particularly if you are aiming to open up a self-directed IRA. There are so many custodian choices available, and it can be very difficult to narrow them down if you don't have much... [ Read More ]

Difference between a Self-Directed and Traditional IRA

Setting up an IRA is a great way to make sure you have enough money saved for retirement. IRAs allow you to invest your savings and build your wealth over time. However, when choosing what type of IRA you want, you might find yourself overwhelmed with options. In particular, you may be wondering what the difference between a... [ Read More ]

Solo 401k Facts for Self-Employed Individuals

Solo 401k plans are known to offer high contribution limits and flexible investment options. These individual 401k retirement plan options will allow you to contribute to the plan as an employer or employee, and they are best for self-employed business owners with no full-time employees. How to qualify for a Solo 401k? The following two guidelines must be... [ Read More ]

5 things you should know about an IRA custodian

When setting up an IRA, whether it's a traditional IRA or another type like a Roth IRA, you will need to have a custodian. The custodian acts as an asset holder for your IRA funds. There are a variety of organizations that can serve as IRA custodians, but investment groups and banks are some of the most common.... [ Read More ]

Steps for setting up a self-directed IRA

The Internal Revenue Service is restrictive on the type of assets that you can own through the IRA. For instance, it prohibits ownership of alcoholic beverages, some precious metals, jewelry, collectibles, and life insurance. It does, however, allow investment in private stocks held in corporations or limited liability companies. The steps for setting up a self-directed IRA are... [ Read More ]

What’s the difference between nondeductible and deductible IRAs?

When setting up your IRA account to save for retirement, there are a lot of new terms you might hear. One of the most important things you'll need to decide is whether you want a deductible or nondeductible IRA. These terms refer to when taxes are applied to the money you save in your account. Here's what you... [ Read More ]

How to Choose The Best Investment Firm For Your Roth IRA

A self-directed Roth IRA is one of the best ways to save money for your retirement through investing. Roth IRAs are different from traditional IRAs because you pay taxes on your contributions now, instead of later in life when you're withdrawing them. You can then use the money to invest and grow your wealth. There are so many... [ Read More ]

The best options to invest your IRA contributions

When planning for the future, one of the many options for contributing towards your retirement is an IRA. Both traditional IRAs and Roth IRAs offer secure and tested options to save for retirement. But you may want to consider taking advantage of the investment possibilities these accounts have to offer. Instead of leaving your contributions in a cash... [ Read More ]

3 Ways IRA Rules Changed Over the Years

In 1974, Congress enacted ERISA (Employee Retirement Income Security Act) as a way to encourage and defend retirement saving. A key provision of this act, IRA (Individual Retirement Account) plans allow employees to set aside part of their paychecks in tax-deductible plans. Since 1974, the federal government has changed the rules related to IRA funds many times. Here... [ Read More ]

Companies that offer the best Roth IRAs

There are many tax benefits to using a Roth IRA to save for retirement. Using a Roth IRA means you won't have to worry about paying taxes on the withdrawals you make in retirement, which is a huge benefit when you're going to be living on a fixed budget. There are so many different IRAs to choose from,... [ Read More ]