Timothy Sumer

IRA investment possibilities are nearly endless – in fact, the IRS lists only a few investments that are NOT permitted in a retirement account . Equity Trust's National Education Specialist, John Bowens, breaks down prohibited transactions, what you can invest in, and what you can't invest in with your retirement account . Individuals can choose to use their retirement accounts to invest in alternative assets such as fix and flips, rental properties, privately-owned companies, cryptocurrency, and more... but find out what you are not permitted to invest in with a self-directed IRA, self-directed Roth IRA, or other tax-advantaged account. Download Your Free Guide to 7 Alternatives Outperforming the Stock Market: Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever makin

What is the difference between a Spouse Beneficiary and a Non-Spouse Beneficiary? What should you expect if you inherited an IRA after 2020? What factors should you consider when deciding on a beneficiary prior to the Secure Act 2.0? In this video, John Bowens, Director, Head of Education and Investor Success at Equity Trust Company, explains the ins and outs of Beneficiary IRAs, also known as Inherited IRAs. Can you Self-Direct your Beneficiary IRA/Inherited IRA? The answer is yes! Download our guide to Self-Directed IRA Rules and Regulations: Timestamps 0:00 Intro 0:49 What is a Beneficiary IRA/Inherited IRA? 1:23 What are the three classifications of beneficiaries to retirement plans? 2:11 Spouse Beneficiary vs. Non-Spouse Beneficiary 7:29 What is a Non-Designated Beneficiary? 8:20 What to know if you inherited an IRA prior to 2020 11:00 Inherited IRA rules after the Secure Act 13:28 What is an eligible designated beneficiary? 15:36 H

Discover what's possible with a Self-Directed Account: Are you concerned that your real estate market is pricing you out of self-directed investing because you don’t have enough capital in your retirement account ? In this recording of a Facebook Live session with John Bowens, he explains how self-directed investing could work for you, regardless of market conditions. During his presentation, he reviews: · How investors are using their retirement accounts to purchase real estate in different types of markets · How investors are partnering their IRAs with other funding sources · How debt financing works with an IRA Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional to determine

A self-directed individual retirement account (SDIRA) is a type of individual retirement account (IRA) that can hold investments that a typical IRA cannot, such as precious metals, commodities, and real estate. Today’s guests debate the pros and cons of a self-directed IRA and who should invest in such a vehicle.  John Bowens, Sr. Retail Sales Manager and National Educator for Equity Trust Company says, “The first mistake investors make is trusting a 3rd party.” A custodian isn’t going to do its due diligence to ensure it's a safe and sound asset. The investor in a self-directed IRA acts as their own financial planner.  Tom Wheelwright, Rich Dad Advisor on Taxes says, “You have a lot more freedom, but it also brings a lot more responsibility.” Wheelwright goes on to explain from a tax position, the benefits and downsides of an IRA.  Hosts Robert and Kim Kiyosaki and guests John Bowens, Jeff Desich, and Tom Wheelwright discuss the pros and cons of a self-directed IRA,

In this video, John Bowens explains how to make a backdoor Roth IRA contribution and what factors into how much you can contribute and what is taxable. Start a conversation with an IRA Counselor to discover which account may be best for you: A backdoor Roth IRA contribution is an industry term that refers to a contribution to a traditional IRA that you immediately convert over to a Roth IRA. Modified adjusted gross income (MAGI) is adjusted gross income with certain exclusions added. Your MAGI will determine whether you can contribute directly to your Roth IRA or if you will need to make a backdoor contribution. Income restrictions will depend on if you file taxes as single, married filing jointly, or married filing separately. If you are a single filer: - MAGI below $129,000 means you can make a full contribution to your Roth IRA - MAGI between $129,000 and $144,000 means you can make a partial contribution - MAGI above $144,000 means you cannot make a contribution If

Where and How Equity Trust Clients are Investing in Real Estate Download the Free Real Estate Market Report: The trend of individual investors diversifying their retirement accounts to include a broad range of assets continues to grow. Often referred to as self-directed IRAs, real estate is one of the most popular assets for self-directed investors, and the 2019 Self-Directed Real Estate Market Report provides data on real estate investments made by self-directed investors. As a leading custodian of self-directed IRAs, Equity Trust researched 10 years of client data related to investing in real estate to produce this report. What states have the highest and lowest real estate purchase price? What is the average real estate purchase price? Find the data to answer those questions. Learn more about Real Estate IRAs and the Real Estate Market: - Where are clients purchasing real estate (by region and by state) - Types of properties purchased by region - Northeast region