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The Quest IRA Blog

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 ]

Questions you should ask yourself before setting up a self-directed IRA

Whether or not you are experienced in the realm of personal financial investments, an Individual Retirement Account (IRA) is a sound method of planning for your retirement. A traditional IRA or one with the Roth option is available at most financial institutions, but some investors are looking for a higher level of control over their investments than is... [ Read More ]

Options for your 401(k) after you leave your job

You may leave your job for greener pastures, start your own business or possibly even be made redundant. But what happens to your 401(k) contributions that are with your soon-to-be former employer? Well, several things can be done with the cash as allowed by the law. Here are some options for your 401(k) after you leave your job.... [ Read More ]

How can you qualify for a Roth IRA?

Navigating your financial future can be a daunting task, and most of us would instead not think about it if we didn't have to. However, thinking about your retirement does not have to be hard or stressful. A Roth IRA can take away some of the guesswork, but how can you contribute? Quest is here to help you... [ Read More ]

When is it appropriate to do a direct rollover from 401K to Roth IRA?

Roth IRA rollovers are familiar with individuals who have separated from their employers. In most cases, this is due to reasons such as retirement or acquiring a new job. Usually, IRA acts as investment vehicles that allow for healthy retirement income planning and investment options. There are many options for doing 401(k). However, it is crucial that one... [ Read More ]

What are the requirements for making spousal IRA contributions?

A spousal IRA is an excellent option for employed spouses to contribute to an individual retirement account on behalf of a spouse that has little to no income. Many IRS-approved financial institutions such as banks, brokerage companies, and credit unions offer these plans. Spousal IRAs can be either a traditional or a Roth IRA. Spousal IRA contribution requirements... [ Read More ]

The Little IRA That Could

A Self-Directed IRA (SDIRA) differs from a standard IRA due to the unique investments it can hold. Unlike standard IRAs which hold publicly traded assets, such as stocks and bonds, a SDIRA can hold a wider scope of investments - such as real estate and private notes. While the freedom and versatility that come with an SDIRA sound... [ Read More ]

Be Either a Lender or a Borrower: Private Money Lending

Did you know you can easily create your own investment bank with private money lending when you utilize a self-directed IRA (SDIRA)? The potential to enjoy a healthy cash yield is just one of the many exciting possibilities afforded by the money-lending aspect of SIDRAs. Existing notes can be bought, whether fractional or whole, from the originator, but... [ Read More ]