Tax season is in full swing, and the deadline is swiftly approaching. As you begin to finalize your filings, we compiled a few important IRS tax tips and reminders that may affect your tax preparation. If you’re interested in learning more, feel free to check out the IRS Newsroom and IRS Tax Tip Archive. IRS […]
It’s Easier Than You May Think to Set Up and Establish a Self Directed IRA with Checkbook Control with Broad Financial We make the process as simple and as fast as possible: Here’s how we create your Checkbook IRA LLC in 6 easy steps: Fill out our one-page application. After you complete the application, we’ll email you […]
As of 2023, people 50 and under can contribute $6,500 in an IRA. The amount individuals over 50 can contribute is $7,500. The limit for SEP IRAs is $66,000.For Solo 401(k)s the limit is $66,000 (under 50) and $73,500 (over 50). Whether you’re permitted to contribute the maximum, though, will be determined by your self-employment […]
First Off, What is Checkbook Control? “Checkbook Control” is the term given to two particular types of Self-Directed retirement accounts: A Self-Directed IRA LLC (i.e. a Checkbook IRA) and a Self-Directed Solo 401(k). This is because having either of these two accounts gives you control over your retirement money as if it were a checking […]
With the erratic nature of returns in standard stock market investments, American workers have started moving to platforms that provide them with more asset choices. One of these platforms – the Self-Directed IRA – has received quite a bit of publicity lately, largely due to the cryptocurrency craze. For the average investor, however, a more […]
Can a Roth IRA work as a self-directed IRA? Certainly. The self directed IRA platform works for both the standard IRA and the Roth IRA. How would a Roth IRA benefit from a self-directed IRA platform? You obviously are already keyed in to the tax benefits of the Roth. It only makes sense that you […]
Broad Financial’s SEP IRA gives your self-employed retirement account the tools it needs to create real prosperity. A Self Directed SEP IRA with Checkbook Control takes you to the next level by getting rid of transaction and asset fees, enabling Real Time Investing, and giving you complete control of your retirement funds at the bank […]
Here’s what you need to know about taking a loan from your Solo 401k: How much am I allowed to borrow? You may borrow up to 50% of the total amount in the Solo 401(k), with a maximum cap of $50,000. Are there any restrictions on the borrowed funds? There are no restrictions on the […]
