Self-Directed IRA & 401k Blog
Welcome to New Direction IRA’s Self Directed IRA Blog. We make a good effort to keep valuable and relevant blog articles coming on a regular basis. Be sure to subscribe to our RSS feed and participate in our blogs. Please be sure to share your thoughts and responses to our words on Self Directed IRA investing.
IRS Announces “Dirty Dozen” Tax Scams and Specifically Mentions LLCs
Everyone’s favorite government organization, the Internal Revenue Service, recently released their annual “‘Dirty Dozen’ Tax Scams”, and some aspects of retirement arrangements did not slip by un-noticed. In this case, the IRS is looking out for your (and your IRA’s) best interest. To summarize and generalize, this quote is from...
Read MoreNewsflash: Couples Don’t Communicate Well About Money, Retirement
A small study was released last week detailing how well (or badly) couples talk to each other about money, investments, budgeting, retirement. The results from the 500 couple study (by Fidelity) indicate what we probably already know – couples don’t necessarily agree, and don’t necessarily communicate about their retirement future...
Read MoreSelf-Directed IRA custodians resign: IRA owners cast adrift
I just got off the phone with a person who has a self-directed IRA and their custodian has terminated their self-directed IRA program. In this particular case the custodian was TD Ameritrade and the holding in the IRA was a private stock investment. We have had quite a number of...
Read MoreUnrelated Business Income Tax (UBIT) AKA UBTI
By Catherine Wynne President, New Direction IRA, Inc. Securities brokers and some accountants will be the first to tell you that you don’t want leveraged property in either a Traditional or a Roth IRA because you will have to pay taxes in the form of “UBIT”. The motivations of the...
Read MoreCelebrate Earth Day with Green Investments
Here at New Direction, our clients are constantly making interesting investments that range the gambit from front-loading tractors to foreign real estate to gold bullion. Perhaps as a result of investment scandals like Enron and Madoff, a growing number of investors are looking for investments that work not only for...
Read More6 Reasons You Should Fire Your Broker, If You Still Have One
The Atlantic Monthly’s Jeffrey Goldberg wrote an article this month exploring his options as a small-time retirement investor, “Why I Fired My Broker”. He fired his broker, it turns out, because his broker never called him back. Fine reason, if you ask me. But he has many more reasons why...
Read MoreWill your retirement be “comfortable”?
Gallup released survey results today which may be obvious, if not a little frightening. Only 41% of Americans believe they will be able to retire “comfortably”. Just five years ago, that number was 59%. This is not a survey taken in a retirement home, but among people who, in some...
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