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Top Ten Frequently Asked Self-Directed IRA Questions (and Answers)
Self-Directed IRA Basics: What is a Self-Directed IRA, What Can a Self-Directed IRA Invest Into, and What is an IRA/LLC?
Self Directed IRA Blog
Contract Hand-offs
From my article on Realtor Magazine Investors eyeing foreclosures and other residential properties to flip often connect with other investors looking for opportunities in the single-family rental market. Contract assignments are a common tool in these kinds of...
Do Good with Your IRA and Pay Zero Tax on Your Required Minimum Distributions
Required Minimum Distributions (RMD) from IRAs can be a burden for taxpayers, by raising your annual income levels and possibly boosting you into a higher tax bracket. Using the Qualified Charitable Distribution...
SEC Expands Accredited Investor Rule
From my article on Entrepreneur The Securities and Exchange Commission (SEC) has announced a modernized version of the accredited-investor rule that will goes into effect in late October and will allow those with professional credentials and licenses to qualify as...
College Savings Accounts: Coverdell Versus 529
Kids are going back to school and it's a great time to think about college and to make financial plans for your children or grandchildren's education. As you consider the different plan options, you'll want to make sure you know the two most common tax favored college...
New Legislation Would Grant Automatic Forgiveness of PPP Loans Under $150,000
From my article on Entrepreneur.com A bipartisan bill called The Paycheck Protection Small Business Forgiveness Act has been introduced into the Senate that would allow small businesses who received a Paycheck Protection Program (PPP) loan of $150,000 or less to...
The July 15 Tax-Filing Deadline Is Approaching; New Retirement-Account Rules Can Benefit You
From my article on Entrepreneur.com The rules governing your retirement accounts have been loosened in the year 2020. You have more time to put money in, can take money out early without penalty, and the required minimum distribution rules (RMD) for those 72 and...
New PPP Law Extends 8-Week Period and Reduces Percent Payroll Cost Rule
From my article on Entrepreneur. Congress just passed the Paycheck Protection Flexibility Act of 2020 and improved the Paycheck Protection Program (PPPP) for small-business loans. The bill enhances the PPP by increasing the time small businesses can use funds and...
Back Door Roth IRA Rules and Steps
Roth IRAs can be established and funded for high-income earners by using what is known as the “back door” Roth IRA contribution method. Many high-income earners believe that they can’t contribute to a Roth IRA because they make too much money and/or because they...
SBA Releases PPP Forgiveness Application and Makes Critical Clarifications and Documentation Requirements
From my article on Entrepreneur.com The SBA released its Paycheck Protection Program (PPP) Loan Forgiveness Application and clarified a few critical definitions and documentation requirements in their instructions. The forgiveness application is completed by the...