Category Archives: IRA Conversion Limits And Resources

self-directed Roth IRA is the complement of one of the things that lead some investors to initially become more interested in Traditional IRAs|Quest IRA

The Advantages of a Self-Directed Roth IRA

Individuals who are actively saving and planning for their own retirements have a number of account choices available to them. Many of us have access to 401(k) plans at work (or possibly traditional pension plans), and every taxpayer with earned income can start their own individual retirement account (“IRA”). Most people are at least somewhat familiar with the IRA vehicle, but might not know much about the different account structures and options that are available. For example, there are traditional self-directed IRAs and Roth self-directed IRAs. Unfortunately, when it comes to deciding what type of account is most suitable for them, many retirement savers focus only on the contribution differences View the rest of post…

Roth or Traditional: Strategies for Converting Your Traditional Self-Directed IRA into a Roth Account

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Regardless of whether you currently have a Roth or traditional self-directed IRA, you’re benefitting from one of the most valuable retirement savings tools. The combination of long term growth that’s free from yearly taxation, the potential for tax deductible contributions to the account, and the investment freedom that a self-directed IRA custodian such as Quest IRA can provide you. But for many individuals debating Roth or Traditional, the Roth self-directed IRA is a preferable structure. Arguably the only advantage that a Traditional IRA has over a Roth IRA is that contributions to the traditional IRA can sometimes be deductible in the year they’re made. In contrast, with a Roth IRA View the rest of post…

Traditional or Roth – Which type of self-directed IRA is for you

Traditional or Roth – this is a question every investor asks at least once in his life. Most investors ask this question several times over the course of the lifetime – traditional or Roth -which type of investment is the best? Figuring out whether a traditional or Roth IRA structure is best suited to your goals and needs is fundamental to your retirement. Here are some tips for how to decide whether a traditional or Roth IRA is best for you. Tax Rates – Current vs. Future. A significant factor in your decision between a traditional or Roth IRA will certainly be your current income tax rate, in relation to View the rest of post…

Should I convert to Roth in 2013? Roth conversion 2013 facts to help you make a decision

When you first set up an individual retirement account, you’ll be faced with a number of different choices to make, long before you ever have to be concerned with whether you should convert to Roth. First you’ll need to decide whether to open your new account with a traditional IRA custodian, or a self-directed IRA custodian such as Quest IRA. Choosing a self-directed IRA will give you the greatest investment flexibility. You’ll also need to decide on the type of account – a traditional IRA form or a Roth IRA. While many of the basics features for each account are similar, there are some important differences between the two. Traditional View the rest of post…

How to Stretch a Roth IRA to Last More Than 150 Years

I have a philosophy, which is that if you can create win-win situations you should always do so. My daughter, Briana, is 12 years old and has been invited to travel to Europe next summer to be a Student Ambassador through the People to People program (www.studentambassadors.org). One of the requirements I am making for Briana to go is that she must raise one-half of the finds for the trip. Since Briana needs funds for her trip, and my company, Quest IRA, Inc. needed help stuffing envelopes to send out our quarterly statements, Briana came to work for us to help stuff envelopes. This earned her money for her trip View the rest of post…

How Can My Minor Child Have a Roth IRA?

“How can my minor child have a Roth IRA?” If I only had a million dollars for every time I have been asked this question, I would be a very rich person!  When entrepreneurial people learn of the myriad of possibilities for non-traditional investments within a self-directed IRA, they usually immediately see the benefit of starting on their child’s retirement now in addition to utilizing their own IRAs.  In this article I will discuss the benefits of starting an IRA early, how a minor can qualify for a Roth IRA, the tax filing requirements for a minor with earned income, and what can be done with the IRA once the View the rest of post…

Do Roth IRA Conversions Make sense?

How to Analyze the 2010 Roth Conversion Opportunity By: H. Quincy Long How would you like to have tax free income when you retire? Would you like to have the ability to leave a legacy of tax free income to your heirs when you die? The great news is that there is a way to achieve these goals – it is through a Roth IRA. Historically, because of income limits for contributions to a Roth IRA and for converting a Traditional IRA into a Roth IRA, high income earners have not been able to utilize this incredible wealth building tool. Fortunately, the conversion rules are changing so that almost anyone, View the rest of post…

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