Timothy Sumer

What is a Roth conversion and why should you consider it? The ultimate goal is a tax-free retirement. All qualified Roth distributions are free of taxes. Of course, retirement funds can't escape the tax man altogether, so when you convert traditional, pretax funds to Roth, you will owe taxes. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss what a Roth conversion is, how to perform one, and the rules you need to be aware of. He will also explain why and when you should consider doing one. Join us LIVE on Thursday, September 21st at 1:00PM EDT! *please note the date change* -- Learn more: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created I

A Self-Directed IRA is a regular individual retirement account that offers one the ability to make alternative investments, such as real estate, in additional to traditional investments like stocks and mutual funds. However, you must be aware of the rules so that your plan remains IRS compliant. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the rules you need to be aware of when operating a Self-Directed IRA, such as the IRS prohibited transaction rules, unrelated business income tax rules, annual tax filings, and other compliance requirements. This is a must watch video for every Self-Directed IRA investor. Join us LIVE on Wednesday, March 8th at 12PM EST! -- Learn more about the Roth Solo 401(k): -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware

On March 21, 2023, the Treasury Department and the IRS issued Notice 2023-27 which announces that they are soliciting feedback for upcoming guidance regarding the tax treatment of a nonfungible token (NFT) as a collectible under the tax law. The Notice states that the IRS intends to issue guidance that treats certain NFTs as collectibles for purposes of IRC Section 408(m). It outlines the approach the IRS is considering and asks for comments by June 19, 2023. For retirement account investors, the determination of whether an NFT is crucial as to whether the asset can be purchased by a retirement account . On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the new Notice, explain what NFTs are, and walk you through the new “look-through analysis" that may help determine whether an NFT is a collectible, and thus, a prohibited investment with your retirement account . Join us LIVE on Monday, March 27th at 12:45PM EDT! -- Read more abou

The best part about investing with a Self-Directed IRA is that all income generated by your investments flow back into the plan without tax. While the prohibited transaction rules prevent you from benefiting from IRA-owned assets, there is a way to use your IRA-owned real estate property tax free. One such strategy is the 60-day IRA rollover rule which will give you free reign of your asset for up to two months. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss how you can invest in a real estate property and take advantage of the 60-day rollover rule to personally use the property without running afoul of the IRS rules. Join us LIVE on Wednesday, May 3rd at 12:00PM EDT! -- Learn more: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use a

As part of the gigantic $1.7 BILLION spending bill, the SECURE 2.0 Act introduces several important provisions that should help retirement savers across the nation. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the impact that SECURE 2.0 will have on Self-Directed IRA retirement accounts, and how you should prepare. Join us LIVE on Wednesday, January 4th at 12PM EST! -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, n

Tax Day, April 18, is right around the corner! If you still haven't filed your taxes, you have time to lower your income for the 2022 taxable year - that is, if you haven't maxed out your IRA yet. You may contribute up to $6,000, plus an additional $1,000 if you are at least age 50. Contribution can be made in an after-tax Roth account, however, you won't receive an upfront tax break for last year. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the contribution rules for the IRA, and other tips to make the most out of your IRA account for the 2022 taxable year. Join us LIVE on Wednesday, April 12th at 12:00PM EDT! -- Learn more about the Self-Directed IRA: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k)

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, will discuss the final days of the Backdoor Roth IRA. As a result of the Build Back Better Act, you will no longer be able to perform a Backdoor Roth IRA, assuming the bill is passed by the Senate. Starting in 2022, you will no longer be able to make after-tax contributions to an IRA, and then convert them to a Roth. For many, you only have a few weeks left to maximize your Roth savings. Learn more about the Backdoor Roth: About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial

You may have heard of a Self-Directed IRA and may even know a little bit about how it works, but are you confident enough to get started today? The worst thing you can do is jump into something without all the available information at your disposal. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the three most important questions you should ask before setting up a Self-Directed IRA. This is a must-watch for every Self-Directed IRA investor, new and old. Join us LIVE on Wednesday, January 18th at 12PM EST! -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-dir

Please note: we have a change of topic for this week, if you are looking for SECURE 2.0 impact on Self-Directed IRAs, please check us out next Wednesday at 12PM EST. Thank you! If you are an investor of Tesla stock, you might not be shocked to hear that it's headed for it worst month, quarter and year on record. If you own these stocks in your IRA, this may not be so bad for you. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss why you should strongly consider converting those stocks held in a traditional IRA to Roth. Pay taxes now on the depressed price of the stock, and reap tax-free benefits in the future. Learn why a Roth conversion makes the most sense when your IRA-owned assets are down in value. Join us LIVE on Thursday, December 29th at 12PM EST! -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice

Precious metals, particularly gold, have long been a go-to alternative investment for investors, especially retirement savers. During periods of economic uncertainty, precious metals provide a hedge against inflation and offers diversification in one's portfolio. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss how to use your IRA to invest in gold, silver, platinum and other precious metals and coins with a Self-Directed IRA and the benefits of doing so. He will also explain how to properly hold the IRA-invested assets. Join us LIVE on Thursday, October 19th at 12PM EDT! -- Learn more about using retirement funds to invest in precious metals: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternat

Thinking about converting your traditional, pretax IRA to Roth before the end of the year? It's a powerful savings tool but you should know the best way to perform a conversion. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the Roth IRA conversion, how it works, when you should consider doing it, and helpful tips so you do it the right way. Join us LIVE on Wednesday, December 21st at 12PM EST! -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, a

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, discusses the annual update to the IRA and 401(k) contribution limits. There has been a significant increase to what retirement savers can contribute this year, especially for the self-employed. Learn more about updated 2022 Solo 401(k) Limits: Read about the 2022 Self-Directed IRA Limits: About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group d

On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss a new notice issued by the IRS on Friday, October 7, 2022 clarifying the required minimum distribution (RMD) rules for certain IRA beneficiaries. If you inherited an IRA as a "non-eligible designated beneficiary," you may have been required to start taking RMDs. Failure to take the full RMD would lead to stiff penalties. This IRS notice waives the penalties for missed RMDs for 2021 and 2022. Mr. Bergman will discuss how it may affect you and the benefits the notice provides. Further, Adam will dip into the mailbag and answer questions he has received recently about self-directed retirement accounts. Join us LIVE on Thursday, October 13th at 12PM EDT! -- Download a PDF version of IRS Notice 2022-53: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he

I Bonds have quickly become a powerful way for millions of Americans to generate strong guaranteed returns in a volatile investment marketplace. Electronic I Bonds can generally be purchased by individuals and entities, but the looming questions persists, can I Bonds be purchased by a Self-Directed IRA or Solo 401(k) plan. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will explain what I Bonds are, why you should consider them, and how to use your retirement funds to invest in them. Join us LIVE on Tuesday, August 9th at 12PM EDT! -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefi