Timothy Sumer

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...

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...

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...

Are you looking to make the most out of your Individual retirement account (IRA) earnings? Look no further! In this comprehensive guide, we will provide you with valuable insights and strategies to help you maximize your IRA earnings effectively. With the ever-changing financial landscape, it's crucial to stay informed about the best practices for optimizing your IRA. This guide covers a plethora of topics, including investment choices, contribution limits, tax implications, and much more. Whether you're a seasoned investor or just starting your retirement planning journey, this guide will cater to your needs. Discover a range of investment options tailored for IRAs, from traditional stocks and bonds to alternative investments such as real estate and precious metals. We delve into the benefits and risks associated with each option, empowering you to make well-informed investment decisions. Understanding the contribution limits and deadlines is vital to make the m...

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...

Learn all about the Mega Backdoor Roth option if you are self-employed and how you can supersize your Roth savings, all in about a minute. -- Read more about the Mega Backdoor Roth: -- 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 ...

Gregory goes over the IRS Rule changes for Inherited IRAs in this Winning At Life short clip Complimentary Download to go with this video: If you have any questions or are looking for some financial advice? Schedule a complimentary 15-minute phone visit: Ask Gregory Podcast: Catch more audio segments from the show about the topics that interest you, Visit: ... ( 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 In 2019, the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) was passed, which brought some new changes to the rules for inherited Individual Retirement Accounts (IRAs). These changes took effect from 1st January 2020 and have some significant implications for account holders and their beneficiaries. Under the previous rules, beneficiaries of an inherited IRA could take required minimum distributions (RMDs) over t...

Learn more about the Self-Directed IRA for Real Estate: -- The IRS doesn't differentiate between foreign and domestic real estate when investing with a Self-Directed IRA. Therefore, if you wish to invest in real estate abroad, you just need to be mindful of local laws and ensure you are in compliance with all IRS-related rules for IRAs. -- 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 IR...

IRA Financial's Adam Bergman Esq. discusses the Self-Directed IRA operating agreements, LLC articles and Tax I.D. numbers - the three major components for setting up a Checkbook Control Self-Directed IRA LLC. -- 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 Backed IRA https://inflationprotection.org/adb...

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...

Real estate remains the most popular asset class among Self-Directed IRA investors. Rentals provide a steady stream of income, while rehabs offer a chance to make a large profit in one transaction. Either route you take, be mindful of the IRS rules. -- Learn more about real estate investing with a 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....

Self-directed IRAs provide a great deal of freedom, flexibility, and choice of alternative investments to help you take control of your retirement funds. They are also governed by a set of IRS rules pertaining to IRA prohibited transactions that you must be aware of and follow to avoid the losing the tax-deferred status of your account. Learn more here: ... ( 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 https://inflationprotection.org/irs-rules-for-prohibited-transactions-in-a-self-directed-ira/?feed_id=41840&_unique_id=637bb5e8ac1e6 #Inflation #Retirement #GoldIRA #Wealth #Investing #InternalRevenueServiceGovernmentAgency #irsrules #ProhibitedTransactionsinASelfDirectedIRA #RetirementPlanningLiteratureSubject #selfdirectedira #SelfDirectedIRA #InternalRevenueServiceGovernmentAgency #irsrules #ProhibitedTransactionsinASelfDirectedI...

In this episode of Adam Talks, IRA Financial's Adam Bergman Esq. discusses the differences between a Roth conversion and the Backdoor Roth IRA strategy used by high-income individuals. -- Learn about Roth Conversions: Read more about the Backdoor Roth: -- 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: #rothira #backdoorroth #rothconversion #ira #selfdirectedira #adambergman #irafinancial #retirement #investing #taxes #rothconversionvsbackdoorroth #irsrules #taxfreeretireme...