Timothy Sumer

Self-directed IRA Question Answered - How do I take required minimum distributions from my IRA LLC? Please book a call: Our owners host daily webinars on our community where you can ask questions! Please join My Community to participate & ask questions: Please join My Community to ask questions: Free to Join! All are Welcome! LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alte

If you use a Self-Directed IRA to invest and save for retirement, you must be aware of the important IRS rules, including the prohibited transaction rules and the UBTI tax. -- Learn more about the Self-Directed IRA: -- 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 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 does not provide legal services. No attorney-client relationship exists between Cli

Self-directed Checkbook IRA LLC FAQ Can I invest my Self directed IRA in my existing LLC? Please book a call: Our owners host daily webinars on our community where you can ask questions! Please join My Community to participate & ask questions: Please join My Community to ask questions: Free to Join! All are Welcome! LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative in

Learn more about the Self-Directed IRA - -- Every IRA needs a trustee, or custodian, to administer the plan. Choosing the right Self-Directed IRA custodian depends on what you want to invest in and how much control you want over your funds, among other factors. -- 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 investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. Learn More: ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Ba

An LLC is very beneficial for Self-Directed IRA investments since it gives you added protection, privacy and control. However, an LLC is not needed to make investments, and there is an added cost for maintaining one. -- Learn more about the Self-Directed IRA: -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial 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, not a law firm. IRA Financial Group does not provide legal services. No attorney-clien

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

Watch this video to learn about three types of prohibited transactions. Visit our website to learn more: Stay connected with Madison Trust LinkedIn: Facebook: Twitter: Vimeo: The Self-Directed IRA Made Easy YouTube Channel: Madison Trust Company YouTube Channel: Video Transcript: In this video, you will learn about investing your Self-Directed IRA in movie and TV productions. Streaming services compete for top-quality content so they can earn and keep your business. Your household likely subscribes to one of these services. If Wall Street Investments do not spark your interest, you may want to consider investing your Self-Directed IRA in a production created by one of your favorite streaming services. While streaming services can produce their own original content, doing so is often not very cost effective. Therefore, streaming platforms typically enlist buyers or distributors to locate entertaining content to

Are YOU eligible to set up a Solo 401(k) plan? Want to find out? Join IRA Financial's Adam Bergman as he lets you in on one of the best kept secrets in retirement accounts. Thoughts or questions? Leave a comment down below! -- Learn more about the Solo 401(k) plan and how it can help you: Learn more about the Self-Directed IRA and how it works: -- 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 investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. Learn More: ... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEA

FREE GOLD just to learn about gold IRAs. 💵🪙👉 Click Here For Free Gold IRA Rollover Guide ✅: Discover the secrets to safeguarding your hard-earned retirement savings from the destructive effects of hyperinflation! In this eye-opening video, we reveal how rolling over your 401k to a precious metals IRA can be the ultimate financial fortress against economic uncertainty. ✅ Reason 1: Preserve Your Purchasing Power - Learn how diversifying with gold and other precious metals can help maintain your wealth, even when the value of money plummets due to hyperinflation. ✅ Reason 2: Enjoy Long-Term Stability - Unearth the truth about how gold has stood the test of time, consistently proving to be a reliable store of value and a safe haven in turbulent economic periods. ✅ Reason 3: Benefit from Tax Advantages - Unlock the potential of your retirement savings with the unique tax benefits offered by precious metals IRAs, giving you a strategic edge in securing your financial futur

(If you would like to schedule a complimentary, no-obligation meeting with an Altfest professional to discuss your specific investment and / or personal financial planning situation and goals, please contact Jesse Frehling at 212-796-8732 or email him at jfrehling@altfest.com. All meetings are customized and confidential.) In this video Wealth Matters for Physicians’ Mike Prendergast interviews Jessica Nelson, CPA, CFP® and Financial Advisor at Altfest Personal Wealth Management about a potentially very smart tax-saving strategy: Roth IRA conversions. In the video Jessica briefly explains what a Roth IRA conversion is and its benefits, gives examples of some times when Roth conversions could really make sense, and points out some key items that physicians should be aware of before executing a Roth conversion. Lastly, Jessica explains what a Backdoor Roth Conversion is and outlines when it might be (and might not be) a good idea to execute one. Wealth Matters for Physicia

When it comes to using an IRA for real estate investing, you have two options: the custodian controlled IRA and the Checkbook Control IRA. Which is the better choice? Adam Bergman explains. -- Learn more about the Self-Directed IRA: Learn how to invest in real estate: -- 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 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 does not provide legal ser

Learn how the Self-Directed Roth IRA works, and the benefits of the plan, in under one minute. -- Read more about the Roth IRA: -- 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 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 does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counse