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28 Smart Questions to Ask Your Self Directed IRA Custodian

 

self directed IRA custodian

 
Are you looking for a new self-directed IRA custodian or administrator? Perhaps you are already using one and are not happy with their performance or service. Whatever your reason may be, this report should provide you with a better understanding of self-directed IRA custodians and help you assess which one is the best fit for your investment needs.

The process of choosing a self-directed IRA custodian can be challenging. There are a lot of things to consider, the financial industry jargon can be confusing, and it is hard to find unbiased information. In order to make things easier for you, let’s start off by defining…

 

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The $100 Million Dollar Mitt Romney IRA – How You Can Use These Strategies to Build One Yourself

 

mitt romney ira

The Big IRA and the recent Government Accountability Office report

In 2012, during the presidential election campaign between Barack Obama and Mitt Romney, the issue was raised about Mitt Romney’s over-sized IRA. At one point the IRA is reported to have had as much as $102,000,000 in it. Yes, you read that correctly.

Mitt Romney’s IRA was worth $102,000,000.

Even compared to his reported $250 million net worth, this is a sizable chunk of capital to have accrued in his IRA given his approximate 40 years of working experience. How did he do it?

The recent Government Accountability Office report

government accountability office

In October 2014, the U.S. Government Accountability Office (GAO) released a report, “Individual Retirement Accounts – IRS could bolster enforcement on multi-million dollar accounts, but more direction from congress is needed.  According to the GAO, they found that there were 314 taxpayer IRAs which had an account balance of over $25,000,000 and 791 taxpayers with balances between $10,000,000 and $25,000,000. That is a total of 1105 people who have been great investors, extremely lucky, or both. Either way, they have found a way to capitalize on the tax benefits of a Traditional IRA or Roth IRA by growing their capital in a tax-deferred or tax-free manner.

While it may not be easy to accumulate over $100 million in your IRA, you can still use the same strategies that Mitt Romney used to accumulate a sizable IRA account balance.

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The 2018 Comprehensive Guide for Year End Financial Planning Strategies

 


year end financial planning

 

“A goal without a plan is just a wish.” – Antoine de Saint-Exupery

 

12 Smart Actionable Tips For You To Maximize Your Year End Financial Planning Strategies

The end of the year is fast approaching. Now is the time to plan your year end activities so you can make the most of your financial planning and tax strategies.

In a perfect world, you would have a comprehensive financial plan that you review often to ensure you are on track. However, I’m more realistic. I know you are probably not going to do this…

And to be frank, you would not be reading this in December if you had already done your planning for the year.

Having a financial plan is an important step in making sure you have a path to reach your goals. Financial planning is about figuring out where you want to go, putting together a path to get you there, and monitoring your progress along that path to adjust for unexpected events.

While most financial planning should be done continuously throughout the year, many people wait until year end to complete their checklists. This post should help provide you with 12 immediate actions you can take to get up to speed on your financial planning before year end.

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