Timothy Sumer

It will be very painful if you make a prohibited transaction as defined by the IRS because your IRA will IMMEDIATELY be taxable. Watch now. @StopBeingSoldMedia #shorts #finance #retirementinvesting #rothira... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA The concept of a 100% taxable self-directed IRA has been making waves in the world of finance. This innovative approach to retirement savings offers individuals a unique way to grow their retirement funds while creating potential tax advantages. Let's delve deeper into the intricacies of this investment option and explore how it can benefit individuals in their financial planning. A self-directed IRA differs from a traditional or Roth IRA in that it allows you to invest in a wide range of assets beyond traditional stocks, bonds, and mutual funds. With a self-directed IRA, you have the f

In today’s video we’re discussing a mistake that self directed IRA owners need to be aware of. In fact, if you make this mistake, your entire IRA could become taxable. Top IRA Videos: 🔴 – : 🔴Types of Roth IRA's: 🔴Spousal Roth IRA: 🔴 [ ]: 🔴 “ ” ? [ ]: 🔴 [ ?]: ✅ SUBSCRIBE to NOT being a transaction ever again... ✅ Like us on Facebook! ✅ Follow us on Twitter! ✅ Check out our site for more tips The upside of a self directed IRA is that you may make higher returns because the assets invested are not typically found in traditional or Roth IRAs. And you have total control over your retirement savings. But because you have total control, Your have to do everything yourself. And that means knowing the rules, keeping up with IRS guidelines, keeping up with contribution limits, researching investments, making and monitoring trades, and making sure your account is compliant in the eyes of the IRS. It’s a LOT if you aren’t detail oriented and

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about self-directing a SEP IRA, lending IRA money to an ex-spouse, and investing in a son's venture capital fund. -- 0:00 *Intro 1:24 *Question 1: Can I use a SEP IRA to do a Self-Directed IRA, or do I have to use a traditional IRA? 3:26 *Question 2: My ex-spouse and I are still very close – can I lend him money with my Self-Directed IRA? 5:37 *Question 3: My son is a GP in a venture capital fund. He owns less than 35% of the GP and less than 1% of the LP – can I use my Self-Directed IRA to invest as an LP? 11:10 *Outro -- Have a question for Adam? Send it to us! info@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- 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 aw

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about lending funds to a Self-Directed IRA, 2022 SEP IRA contribution deadline, and issuing a K-1 for an IRA LLC investment. -- 0:00 *Intro 1:33 *Question 1: Can a non-disqualified person lend funds to my Self-Directed IRA to buy real estate? 4:29 *Question 2: When are my SEP IRA contributions due for 2022? 5:51 *Question 3: I will be receiving a K-1 from an investment my Self-Directed IRA LLC is investing in. Who should the K-1 be issued to? 8:27 *Outro -- Have a question for Adam? Send it to us! info@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- 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 i