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You should never feel as if your retirement funds might be able to do more outside of your IRA vs inside. Funny concept, when all we have been taught over the years is to invest in the stock market and earn an average return to grow your retirement. Thankfully, Mountain West IRA allows you to … Continue reading “Investment Types”
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Now that I have an Individual(K) Plan, what do I do with it?
Now that I have an Individual(K) Plan, what do I do with it? In the first part of our series on Individual (k) accounts we discussed who can have one, and all of the great benefits to starting up an Individual K account. But now that you have one, do you understand what your options … Continue reading “Now that I have an Individual(K) Plan, what do I do with it?”
The Tax Cuts and Jobs Act and your Self-Directed IRA
The Tax Cuts and Jobs Act and your Self-Directed IRA There was quite a bit of both commotion and breath holding leading up to the actual passage of the tax reform bill. While you may personally be upset, be cheering, or even be a bit bewildered, retirement plans were for the most part left untouched. … Continue reading “The Tax Cuts and Jobs Act and your Self-Directed IRA”
Going Solo: The Individual(k) Plan
What is an IK account? Unlike employer sponsored 401(K) plans, most people have never heard of an Individual (k) plan. An Individual 401(k) (or IK) works much the same as traditional 401(k) plans offered by large companies, and resemble the SEP IRA which is designed for the self-employed. However, an IK is designed strictly for … Continue reading “Going Solo: The Individual(k) Plan”
Benefits of a Checkbook IRA
To maximize your IRA investment options, it is essential to have a retirement plan that allows you to select your own alternative IRA investments. Self-directed IRA’s allow you the freedom to invest in what you know. At Mountain West IRA we can help you with that. Your IRA can invest in real estate, private stock, … Continue reading “Benefits of a Checkbook IRA”
3 Reasons Why IRA Upkeep is Important
1.Required Minimum Distributions If you are age 70½ or older. it is required for you to take minimum distributions (RMDs) from your IRA. You need to take your RMD before December 31 each year. The one exception is for first year that minimum distributions are required, in which you have the option of waiting until … Continue reading “3 Reasons Why IRA Upkeep is Important”
3 Benefits to Purchasing Real Estate in Your IRA
To fully maximize your investment options, you need to have a retirement plan that allows you to select your own investments. A truly self-directed retirement plan allows you the freedom to invest in many types of assets. By investing in real estate, you are able to diversify your portfolio maximizing your potential investment goals. 1. … Continue reading “3 Benefits to Purchasing Real Estate in Your IRA”
3 Crazy Investments Ideas
Self-directed IRAs can become The Ultimate Retirement Machine, the IRS only provided rules on what you cannot invest in which leaves endless options for savvy investors. A truly self-directed retirement plan allows you the freedom to invest in what you know and understand. The retirement industry has been dominated by large transaction-driven custodians who have … Continue reading “3 Crazy Investments Ideas”
6 Things Financial Planners Tell Their Friends
Every wonder what tips a financial advisor gives to his/her friends? We all want to make sure we’re making the right decisions, especially when it comes to money. In this post, we’ll go in depth into 6 tips that financial advisors give their personal friends. 1. Have a budget. Despite the amount of money you … Continue reading “6 Things Financial Planners Tell Their Friends”
8 Financial Tips Advisors Wish You Knew
Introduction Financial discipline is a critical subject in that recklessness in spending money may lead to bankruptcy alongside other financial-related problems. That’s why it is very necessary for all to acquaint themselves with general tips to ensure sound financial management. The gist of the discussions below is to explore some common yet critical financial management … Continue reading “8 Financial Tips Advisors Wish You Knew”
