To learn more about this and other self-directed IRA topics, join us at the SELF-DIRECTED IRA SUMMIT APRIL 21 & 22, 2022 in Costa Mesa, CA (also a virtual option)
www.sdirasummit.com
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The new bill overwhelmingly passed the House and is awaiting Senate approval. The bill is known as Secure 2.0. The bill adds Roth SEP IRAs, Roth Simple IRAs, and employer 401k Roth contributions. The bill extends the required minimum distribution (RMD) age to 73 in 2023 and 75 by 2025. The bill also reduces the prohibited transaction penalty for IRAs which helps self-directed IRA investors who may have made a mistake. Under the new bill the penalty for a prohibited transaction is distribution of only the amount involved (not the entire account).
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– Total SDIRA Bundle:
– The Self-Directed IRA Handbook Video Series:
– Self-Directed IRA Summit Video Series:
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Mat, thank you so much for all you do for us and get this info out before it's heard anywhere else! You rock!!!! ❤
In a future video or article, Please clarify the employer match being Roth. It probably wouldn’t be tax deductible for the employer, right? So the only reason for them to do it Roth style would be to be super nice to their workers? Thanks.
Thanks for everything you do and for the update! When is SECURE 2.0 proposed to take affect …. tax year 2023?
Hi Matt, I am one of your clients and I had a question. I have a self directed Roth IRA with you guys and there was some concern that this program would go away in 2 years. Is that still an issue? Thanks, love your company and staff!
love this. the death penalty for prohibited transactions has me freaked out. good to see this getting curbed.
This is soooo awesome!!!