bobrichards
Tax Reporting of Rollovers
From IRA to IRA
Here you transfer funds from a traditional IRA to another traditional IRA, or from a Roth IRA to another Roth IRA. The way you make the transfer dictates how much work...
Selecting Investments
In most cases, people will roll the funds over into their own self-directed IRAs because this gives them maximum choice for investing. While 401(k), 403b, and 457 plans typically have limited investment choices; your...
Selecting a Custodian
Self-directed IRAs are ubiquitous, offered by every securities firm and many banks. If you can self-direct the IRA, then what does it matter which custodian you select?
Because each custodian has an “adoption agreement” that...
Roth Conversions
The idea of converting a traditional IRA to a Roth (atax-free IRA) is to gain two advantages:
Allow the IRA funds to continue to grow tax free.
Pay the income tax due now on the current...
Real Estate in an IRA
Since this issue always seems to come up, let’s address the possibility of using real estate as an IRA investment. Most investors will opt for a real estate fund—a Real Estate Investment Trust (can...
Questions to Ask Your Custodian
Here are the questions you or your advisor should look to see are answered in the IRA adoption agreement.
What are the annual fees and fees if you desire to transfer your IRA to another...
Moving Your IRA
When you rollover Your IRA, you:
Withdraw cash (or other assets such as stock, or mutual funds) from one qualified retirement plan or IRA account, and
Reinvest it (roll it over) in another qualified retirement plan...
Investing for Lifetime Tax Minimization
While everything in an IRA or qualified retirement plan grows tax deferred, it makes sense to own certain investments outside of an IRA in order to maximize the lifetime tax benefit. Fort example, if...
Roth Conversion Advantage
Let’s take this hypothetical example. You worked for a company for 25 years, built up your 401(k) account and upon retirement, rolled it to a traditional IRA (in fact, you cannot roll money from...
Concentrated Stock Positions
No matter how much you may love the company you retire from, do not keep a concentrated position of their stock, or any stock, inside or outside of your IRA. The risk in any...