A New Reason to Open a SIMPLE IRA Plan
If you own a business with no more than 100 employees who earned $5,000 or more last year, you are eligible to establish a special type of retirement plan for...
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...
The Diversification Test: Is Your Portfolio Really Ready for the Next Big Pullback?
One of the basic principles of investing boils down to what the investor can and cannot control. They can do everything “right” and still lose money in the market. There...
Self-Directed IRA Investing – What NOT To do
A self-directed IRA can open a world of investment possibilities, to go with the tax-related benefits of investing through an IRA. You can invest in private companies, gold, commercial property,...
Fair Market Value: Appraising Alternative Assets in a Self-Directed IRA
Note: FMV reporting to STRATA has been extended to July 31, 2020. Fair market value: What is it? IRA custodians, like STRATA Trust Company, are required by federal law to...
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...
