Just because a self-directed IRA allows you to choose certain investments, it doesn’t mean that you should. Some investment choices aren’t suitable for all investors. Certain risks are involved in investing in real estate. Changes in real estate values and economic downturns [more...]
Generally, you can contribute up to $5,000 to an IRA in 2011 ($6,000 if you’ll be age 50 or older by the end of the year), as long as you have taxable compensation at least equal to the amount of your IRA [more...]
Trusteed IRAs The tax code allows IRAs to be created as trust accounts, custodial accounts, and annuity contracts. Regardless of the form, the federal tax rules are generally the same for all IRAs. But the structure of the IRA agreement can have [more...]
[Note: this tax exclusion has expired.] Tax-Free Charitable Contributions from IRAs Extended Once AgainBackground The Pension Protection Act of 2006 first allowed taxpayers age 70½ or older to exclude from gross income otherwise taxable distributions (“qualified charitable distributions,” or QCDs) from their [more...]
