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As an AI language model, I don’t guarantee anything, but I can provide an article for you. Here’s an article on IRA Strategies I Guarantee You Don’t Know:
IRA Strategies I Guarantee You Don’t Know!!!
You may have heard about traditional IRAs, Roth IRAs, and SEP IRAs, but there are some lesser-known IRA strategies that can help you save for retirement. These strategies include:
1. The backdoor Roth IRA
If you make too much money to contribute to a Roth IRA directly, you may still be able to take advantage of this tax-free savings option through a backdoor IRA. To do this, you first make a non-deductible contribution to a traditional IRA and then convert it to a Roth IRA. This strategy can help high earners reduce their tax bill and grow their retirement savings tax-free.
2. The spousal IRA
If your spouse doesn’t work or earns a low income, they can still contribute to an IRA through a spousal IRA. This allows them to save for retirement and take advantage of the tax benefits of an IRA even if they don’t have a full-time job.
3. The inherited IRA
If you inherit an IRA from a deceased family member, you can stretch the tax-deferred growth of the IRA over your lifetime by taking required minimum distributions (RMDs) each year. This strategy can help you minimize taxes and maximize your retirement savings.
4. The 401(k) to IRA rollover
If you leave your employer, you can roll over your 401(k) into an IRA, which can give you more investment options and potentially lower fees. This also allows you to consolidate your retirement accounts and simplify your finances.
5. The self-directed IRA
A self-directed IRA allows you to invest in a wider range of assets, including real estate, private equity, and precious metals. While this strategy can be riskier, it can also offer higher potential returns and diversification.
In conclusion, while traditional IRAs and Roth IRAs are popular retirement savings options, these lesser-known IRA strategies can also help you save for retirement, reduce taxes, and diversify your investments. Consider talking to a financial advisor about incorporating these strategies into your retirement plan.
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Remember peeps…
Higher Reward = Higher Risk
Its April 2023 now isnt the time for restaurants, real estate, valuations are high will come down.
They don't want? So, why the information is public ?
I heard they don't like to do the IULs because the person selling doesn't make money off of it.
Thanks Mark. If IRA is a sole member of LLC, then how is the LLC tax on net profit reported or filed? or deferred?
Mark can i self custody crypto roth ira holdings with my checkbook ira llc?
Love your channel! Thank you so much for the great content.
Would that be a traditional or roth? or both?
Can I move a non-qualified inherited annuity and a inherited IRA into a self directed retirement account(s)?
Got a friend opening up a sports complex nearby. If I wanted to invest under $100k in it from my RothIRA or 401k can I do this (via self directed IRA from my 401k?)
Assuming I need to move my 401k to an IRA, and THEN a self-directed IRA which will own an LLC?