Top 5 Real Estate IRA Questions

Prohibited Transactions, Real Estate

  We all make mistakes. Unfortunately, making a mistake with your self-directed IRA can turn out to be very costly. Be sure to play it clean and get educated. Although there is much more to learn, here is a list of our Top 5 Real Estate IRA Questions: 1.  Can I live...

2017 Contribution Limits For IRAs and Qualified Plans

401(k), Contribution Limits, Roth IRA, SEP IRA, SIMPLE IRA, Traditional IRA

Contribution Limits for IRAs and Other Tax-Advantaged Plans   INDIVIDUAL PLANS Traditional and Roth IRA Contribution Limits 2016 2017 Up to age 50 $5,500 $5,500 Catch-Up Contributions Age 50+ $1,000 $1,000 Total Contribution if Over the Age 50+ $6,500 $6,500...

New Procedure Helps People Making IRA and Retirement Plan Rollovers

401(k), 60-Day Rollover, IRA Distributions, Rollover, Roth IRA, Self Directed IRA, SEP IRA, SIMPLE IRA, Traditional IRA

IR-2016-113, Aug. 24, 2016 WASHINGTON — The Internal Revenue Service today provided a self-certification procedure designed to help recipients of retirement plan distributions who inadvertently miss the 60-day time limit for properly rolling these amounts into another...

IRA One-Rollover-Per-Year-Rule

60-Day Rollover, IRA Distributions, Rollover, Roth IRA, Self Directed IRA, SEP IRA, SIMPLE IRA, Traditional IRA

IR-2014-107, Nov. 10, 2014 WASHINGTON — The Internal Revenue Service today issued guidance clarifying the impact a 2014 individual retirement arrangement (IRA) rollover has on the one-per-year limit imposed by the Internal Revenue Code on tax-free rollovers between...

Tax-Free Transfers to Charity Renewed For IRA Owners 70½ or Older; Rollovers This Month Can Still Count For 2014

IRA Distributions

IR-2014-117, Dec. 23, 2014 WASHINGTON — Certain owners of individual retirement arrangements (IRAs) have a limited time to make tax-free transfers to eligible charities and have them count for tax-year 2014, the Internal Revenue Service said today. IRA owners age 70½...

Choosing a Employer Retirement Plan – Simple IRA

SIMPLE IRA

SIMPLE IRA plans can provide a significant source of income at retirement by allowing employers and employees to set aside money in retirement accounts. SIMPLE IRA plans do not have the start-up and operating costs of a conventional retirement plan. Available to any...

To SEP or to (K) — That is the Question

401(k), SEP IRA

  A lot of small employers do not know what a SEP is. Although it is not the best plan for all businesses, under the right circumstances this type of retirement plan could be looked at as a cheap alternative to a 401(k). Simplified Employee Pension (SEP) plans...

Rule Breaker or Exception Maker?

IRA Distributions

  I often get asked about exceptions to the 10% early distribution penalty for distributions taken from Traditional and Roth IRA accounts before reaching 591/2. Rather than trying to explain this in my own words I think it is best to give information taken...

Increased 401(k) Contribution for 2012!

401(k), Contribution Limits

IRS Announces Pension Plan Limitations for 2012 IR-2011-103, Oct. 20, 2011 WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In...

Dear Mr. Realtor

Real Estate, Real Estate Professionals, Self Directed IRA

Dear Mr. Realtor: We felt the need to write you a quick letter to tell you a little bit about our company, IRA Express, located in Cedar City, Utah and how it can benefit you and your clients. We really do appreciate your time and hope that you will take a minute to...