your Archives - 2011 Taxes to 2024 Taxes

Rolling Over Your IRA

April 11, 2020June 7, 2011 by Steve

You would be hard pressed to find any financial planner that does not recommend saving for retirement to their clients. There are, after all, numerous investment options to help an individual accumulate wealth over time. To make it even easier for people to save money, many companies now offer employee sponsored retirement plans such as the 401(k), 403(b), and 457.

While these plans are certainly a great investment option when an individual continues to be employed by the sponsoring company, what happens to their account when they change jobs or retire? When an employee elects to change jobs, or … Read more at 2011 Taxes.

Start Saving Young For Your Roth IRA

March 24, 2020May 2, 2011 by Steve

When you begin to save for retirement will have an effect on which retirement plan you choose. Some retirement plans allow for you to put into the fund as much money as you want and this would be best for someone beginning to save later in life. While other funds have limits on how much money you can put into the fund each year and this kind of fund would be best for individuals beginning to save at a younger age.

If you are beginning to save at a younger age then a Individual Retirement Account known as a Roth … Read more at 2011 Taxes.

How To Use Your IRA To Buy Property In Central America

March 24, 2020March 16, 2011 by Steve

A growing number of North Americans are using funds from their IRA to purchase foreign real estate. While the process may appear convoluted at first, all it involves is a few steps taken in sequence. The steps have been followed by hundreds of investors purchasing real estate in Nicaragua, Costa Rica, Panama and Belize. The same process works for 401K investments, Roth IRA and other retirement plans.

The first thing you need to do is to set up what is called a “self-directed IRA”. You’ll typically need a new custodian to do this. So either search online for a self-directed … Read more at 2011 Taxes.