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The Quest IRA Blog

Setting up Your Future with an Inherited IRA

Whether you have just inherited an IRA from your spouse, parent, or grandparent, an IRA beneficiary can potentially stand to earn thousands, if not millions, on these investments. Inherited IRAs have a few more rules than an IRA you set up yourself, so you can’t just accept the money and forget about it until your own retirement. Depending... [ Read More ]

Yearly Retirement Planning

Retirement planning doesn’t, and shouldn’t, just happen when you set up your accounts and when you’re ready to withdraw, but is a yearly process to keep up to date.  Neglecting opportunities to make the most out of your accounts could result in thousands of dollars worth of losses by the time you reach retirement age. Making the most... [ Read More ]

Roth Conversions — Who, Why, and How

There are many opportunities to help you maximize your retirement investment earnings. One technique many can take advantage of is converting assets from a traditional IRA to a Roth IRA. With a traditional IRA, your yearly contributions are tax deductable now, but you will have to pay income tax on all distributions later on. You will also be... [ Read More ]

What Can You Do With an Inherited IRA?

Nobody likes to talk about death, but planning ahead with your loved ones is a must when it comes to inherited money. Beneficiaries of IRAs have several options available to them once they receive an account, or their share of an account, but some decisions require quick action to prevent major loss of funds. Read on below to... [ Read More ]

IRA vs. 401K, What You Need to Know

You may just be starting to think about saving for retirement, or you may already be contributing to one or both of these types of accounts, but there are significant differences between IRAs and 401Ks that you should be aware of before deciding on which one you want to help build your savings. You may find that you... [ Read More ]

Exceptions to the IRA Early Withdrawal Penalty

You might have hit a rough patch financially, or need an extra boost for a big expense, and remember that you have more than enough in your retirement account to pull from for an emergency. The only problem is you haven’t turned 59 ½ yet, so any money withdrawn from your IRA will incur a 10% penalty. Ouch.... [ Read More ]

6 Mistakes People Make with Their IRA

Whether you barely know what “IRA” stands for, or you’ve been contributing to one for years, you could be making mistakes with your retirement fund that are costing you big time. When it’s time to withdraw from your account, you don’t want to discover that you could have been saving more or saving smarter after all of those... [ Read More ]

Real Estate Investments with a Self-Directed IRA Can Pay Off Handsomely

Real estate is a popular investment option for those who have a self-directed IRA as one of their retirement savings tools. In fact, using a self-directed IRA with a custodian such as Quest IRA is virtually the only way to use tax-advantaged retirement funds to invest directly in real estate, and to do so in exactly the way... [ Read More ]

Creating an Automatic Savings Plan With Your Self-Directed IRA

Most individuals understand that it can sometimes be challenging to come up with money each year to contribute to their retirement accounts. Even those who’ve already set up their own IRAs, and who understand the value of saving over time, may still find it difficult to make the maximum contributions to their accounts each year. One of the... [ Read More ]

Comparing a Self-Directed IRA With Other Retirement Plan Options

There are a large number of reasons why a self-directed IRA can be the most powerful tool you have in saving for retirement. A self-directed IRA with a custodian such as Quest IRA can provide you with an ideal mix of investment flexibility and control, all in an account that can help your investments grow on a tax-deferred... [ Read More ]