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The Quest IRA Blog

Self-Directed IRA Contribution Due Dates

Tax Day is April 17th this year, which means you have until that date to file your taxes and contribute to most retirement accounts. Even though 2017 has ended, it’s not too late to meet your contribution goals. Keep in mind that distributions must be made by December 31st of the year reporting (2017) to qualify. Traditional IRAs... [ Read More ]

Retiring on a Self-Directed IRA

Saving for retirement is one of the most important actions one can take to secure their future. Sadly, many Americans haven’t saved a single dollar, or are grossly behind in their yearly savings goals. If this describes you, don’t worry. There are ways to jumpstart your retirement savings and catch up to where you need to be to... [ Read More ]

Beware of Prohibited Transactions with Self Directed IRAs

Self-directed IRAs can be a great retirement option for those looking for more options and flexibility with their funds. However, there are still several rules and regulations to follow when it comes to these types of IRAs, and breaking them can be costly. You may have to pay taxes or fees on your earnings, or your account could... [ Read More ]

Terms Every Investor Needs to Know for Self-Directed IRAs

Just like any profession, the world of finance has its own special vocabulary. Those not familiar with the terms may find paperwork confusing or difficult to understand. If you’re setting up a self-directed IRA for the first time, you will want to familiarize yourself with the below terms as you will be seeing them a lot around here!... [ Read More ]

Mistakes Real Estate IRA Investors Make

For investors who have the means, the time, and a custodian willing to handle one, real estate investments can be a great way to secure and grow funds for retirement. Most IRA accounts allow investors to choose from a variety of investments for where to place their retirement funds. Most choose to spread their wealth over a few... [ Read More ]

FAQs for Small Business IRA Contributions

Although not required for small business owners in most states, small business IRAs are a great way for owners and their employees to save for their futures. There are two major accounts you can set up as a small business owner, each with different set-up requirements, flexible options, and employee participation rules. One is called the Simplified Employee... [ Read More ]

What the House Tax Bill Could Mean for Your Savings and Retirement

In late December, the Tax Cuts and Jobs Act spelled big changes for many individuals. Retirees and those close to retirement may be wondering how this will affect the taxation on their funds. The good news is that many limits and regulations involving retirement accounts are staying the same. There are, however, a few changes investors should be... [ Read More ]

Precious Metals IRA

Often times when people are starting to invest in retirement funds, they forget that money isn’t the only thing that you are able to invest. One way to diversify your retirement fund is to invest precious metals. By investing precious metals, you’re ensuring that you maintain and store wealth, and that the wealth is easier to transfer. In... [ Read More ]

Effects of Tax Bill on IRAs and Other Accounts

Many people are wondering what ended up in the final version of the tax bill and how it affects IRAs and other accounts. First, a brief civics lesson is in order. In the United States Constitution, Article I, Section 7, Clause 1 states that “All Bills for raising Revenue shall originate in the House of Representatives; but the... [ Read More ]

Consider a Roth Conversion if You Are Worried about Retirement Taxes

When you are investing in your retirement, it is important to put it somewhere that will help you save money in the long run. Many people are currently investing in Traditional IRAs where they invest their tax deferred money now and then pay taxes on the withdrawals when the time to retire comes. Another option that may be... [ Read More ]