If you are considering setting up an IRA, it is essential that you discuss significant criteria with an IRA specialist to determine whether a potential custodian is right for you. Here is some advice to help you have the most productive discussion: Qualification status To set up an IRA, you are required by law to use a qualified... [ Read More ]
IRAs incentivize retirement preparations with tax advantages for investors. Most people are at least passingly familiar with some of the major IRA options, like Roth and Traditional IRAs or Individual 401ks, and each type offers different flexibilities and advantages. And while the average portfolio may only be stocked with an IRA provided by an employer, many smart investors... [ Read More ]
Whether it's a Traditional IRA or a Roth IRA, a Self-Directed IRA (SDIRA), gives you all the tax advantages of an IRA with the freedom and flexibility of a wider array of investment instruments. The opportunity to take control of your financial future with greater asset diversification is one reason to invest in a self-directed IRA. Regular IRAs... [ Read More ]
There are different types of IRA accounts, for instance, Traditional IRA, Roth IRA, and SEP IRA. However, all IRAs have something in common. According to the Internal Revenue Service, all must have a custodian. Who is an IRA custodian? An IRA custodian refers to a financial institution that is responsible for holding account investments. The custodian ensures investment... [ Read More ]
People who have set up IRA accounts know that the federal government sets a cap on how much individuals can contribute to these accounts each year. Not many realize, however, that there is no limit to the amount of accounts that can be set up. While there are some disadvantages to doing so, there are also some obvious... [ Read More ]
Are you thinking about using your self-directed IRA to invest in real estate? No matter your experience level, investing with a self-directed IRA calls for a little self-education. Quest Trust Company is here to help you in the process, and make sure you understand everything you need to get started. You Cannot Benefit from the Property Before Retirement... [ Read More ]
The last decade brought about a sweeping change to the world of investing. The genesis of this change occurred around 2007, when Americans faced the hardship of the financial crisis. Despite the struggles of many nationwide, Americans began seeking new opportunities to regain their financial stability. Though Self-Directed IRAs have been in existence since the 1970s, it’s apparent... [ Read More ]
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 ]
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 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 ]