Choosing an IRA beneficiary is as easy as using the beneficiary form provided by the IRA custodian, but the tax consequences often confuse people. The beneficiary designation form determines who inherits your IRA, not your will. Washington State passed the first “super-will” […]
How to convert qualified funds ROTH SDIRA can seem like navigating a maze. I helped several clients create a ROTH self-directed IRA. Here is what you need to know.
Navigating the Maze
Does the IRS recognize self-directed IRAs? According to IRS Pub 590-A, the different types of IRAs are:
- Traditional IRAs (including annuity and bond IRAs)
- Employer and Employee Association Trust Accounts
But is […]
An example of the types of gold coins allowed in an IRA
May you personally possess your IRA gold coins? I heard an ad recently from a ‘financial’ company stating […]
IRA Investment Restrictions
I wrote a blog this morning on changes to IRA rules for 2017, all minor adjustments to income limits for contributions and deductions. […]
McGinnis Meadows Cattle Ranch
You may own cattle in a self-directed IRA! I grew up around dairy farms. During my teenage years I met another teenager who said he lived on a farm. As he described life […]
Pick a State. Yes, you have to.
ROBS and SDIRA clients face the same initial decision, where to incorporate their corporation or LLC. I recommend that, absent a clear […]