Articles Categorized in: Blog

What is an IRA Custodian Name?

Every individual retirement account (IRA) needs a custodian, such as a bank, credit union, savings and loan association, trust company or IRS-approved firm. Custodians can serve either as administrators or facilitators. An ideal self-directed IRA custodian should offer not only extensive industry knowledge, but also exceptional customer service and transparent fees that clearly outline them. The name of the custodian Custodians are essential in any self-directed IRA account, as they safeguard its assets and adhere to IRS regulations. Custodians typically...
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Can 457 Plans Be Rolled Over to an IRA?

Although most individuals may be familiar with retirement savings tools such as 401(k) and 403(b) plans, less so may be aware of 457 plans – deferred compensation plans which allow employees to invest a portion of their salary before tax. Governmental and nongovernmental 457 accounts can be converted to an IRA; however, distributions before age 59 1/2 will incur a 10% early distribution penalty, unless an exemption applies. Pre-tax contributions Pre-tax contributions can help maximize your retirement savings. They offer...
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Does a Self Directed IRA LLC File a Tax Return?

Self-directed IRA LLCs can provide tax benefits when investing, as well as checkbook control – meaning the owner/manager has direct access to writing checks from their LLC bank account directly for investments properties. However, certain IRS rules must be observed, such as avoiding prohibited transactions and dealing with disqualified individuals. How Does the LLC File a Tax Return? Self-directed IRA LLC accounts provide complete control over your retirement assets and allow you to invest in real estate, tax liens, private...
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Can You Claim Losses on Gold?

Gold has become increasingly attractive as an investment option over recent years, as investors seek protection against inflation and geopolitical risk. But investing in gold may come with significant tax implications. The IRS taxes physical gold and other precious metals as collectibles at a 28% long-term capital gains tax rate; most other investments have lower long-term rates of taxation; however, with proper planning capital gains taxes can be minimized on gold investments. Cost basis Gold bullion investments can provide protection...
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Can I Invest My IRA in Gold?

Gold can bring many advantages to your retirement portfolio, from protecting against economic downturns and inflation to increasing wealth by growing in value over time. Before investing in gold, ensure you choose a reputable company with an established history and strong customer satisfaction ratings. They should know all the ins and outs of IRA rules so you can maximize the returns from your investment. Birch Gold Group Birch Gold Group can help if you are seeking to diversify your retirement...
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