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CFTC Warns Investors To Use Caution When Buying Precious Metals

CFTC Warns Investors To Use Caution When Buying Precious Metals

As economic uncertainty continues to drive market headlines, many investors are turning to precious metals to diversify their retirement portfolios. In August 2020, gold reached unprecedented heights, surpassing $2,000 an...

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October 15 – Not Just the Last Day to File Your Tax Return

October 15 – Not Just the Last Day to File Your Tax Return

Although October 15 may not stand out as the date of a historic event or a celebrity’s birthday, it is well-known by many as the last day for filing federal...

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The CARES Act

The CARES Act: Top 8 Changes It Brings To IRAs

On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act into law. The $2.2 trillion aid represents an unprecedented initiative to support the U.S. economy during...

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Form 5498

IRS Form 5498: What It Is and What The IRS Extension Means For Your IRA

IRA custodians must track all IRA contributions made throughout the year and generate IRS Form 5498, IRA Contribution Information, for each IRA to report contribution activity and the fair market...

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UBTI and UDFI Tax Considerations for IRA Owners

Revised on April 10, 2020 due to new guidance from IRS Notice 2020-23: Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic, which, in part, extends the Form...

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HAVE BUSINESS INCOME? START A SEP PLAN FOR TAX AND RETIREMENT SAVINGS BENEFITS

Have Business Income? Start a SEP Plan for Tax and Retirement Savings Benefits

If you earn income from being self-employed, you are eligible to start a Simplified Employee Pension (SEP) plan. A SEP plan is a business-sponsored retirement plan that allows you to...

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