_________________________________ Quick Definition:“Spousal IRA” A spousal IRA is an IRA set up to receivecontributions by a non-working spouse. _________________________________ “Spousal IRAs: an information alert” To get my complete articlewith all the details... Here’s important information you should know if you want to increase your retirement savings … [Read more...]
Retirement
Sorted by Date
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 2)
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 2) A quick review of Part 1 Part 1 explained several drawbacks of placing real estate in a self-directed IRA. In this article I’ll explain three more problem areas you need to consider before putting real estate in a self-directed IRA. Sure, it sounds good to buy real estate for a self-directed … [Read more...]
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 1)
Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 1) Keeping real estate in a self-directed IRA may seem like a smart move. But beware of the possible consequences! To get my complete articlewith all the details... Yes. Holding real estate in your self-directed IRA does have advantages. For example, it diversifies your retirement … [Read more...]
Health Savings Accounts: The Ultimate Retirement Account
What’s the best way to save for retirement? The surprising answer is a Health Savings Account (HSA). The HSA is a tax-advantaged medical savings account, much like an IRA, that’s paired with a high-deductible health plan. Why is an HSA such a great way to save for retirement? Because an HSA is the only tax-advantaged account that gives you three important … [Read more...]
Three answers to ‘Paying for College’ questions
To get my complete, FREE articlewith all the details… In a recent article, I explained how, by paying your college student to do a job for your business, you could save a lot of money. For example, let’s say you paid your youngster $23,255 for a one-time job; one that wasn’t subject to self-employment taxes. Using this strategy, you could deduct the $23,255 and … [Read more...]