Beverly Muyskens

Beverly Muyskens

Extreme troublemaker. Hardcore writer. Unapologetic web junkie. Incurable web expert. Friendly coffee trailblazer. Professional bacon scholar.

59 AuthorĀ“s Posts
What are the eligibility requirements for an ira?

What are the eligibility requirements for an ira?

Anyone with earned income can open and contribute to an IRA, including those who have a 401 (k) account through an...

What does a custodian do for ira?

What does a custodian do for ira?

The depositary of an IRA is a financial institution that holds investments in an account for safekeeping and ensures that ...

Can you own fine art in an ira?

Can you own fine art in an ira?

Fine art can be very difficult to define and store without incurring some kind of personal benefit, so they would be a...

What can you invest in with a self-directed 401k?

What can you invest in with a self-directed 401k?

A self-directed 401 (k) plan allows you to invest as you see fit. You can choose your own mutual funds, stocks and bonds...

Are all iras self directed?

Are all iras self directed?

Funds invested in a non-self-directed IRA are usually supervised by a brokerage firm that invests and manages the...

How much taxes do you pay on ira withdrawals?

How much taxes do you pay on ira withdrawals?

Regardless of your age, you'll need to file a 1040 form and show the amount of the IRA withdrawal. If you withdraw money...

How much can i withdraw from ira without paying taxes?

How much can i withdraw from ira without paying taxes?

Some educational expenses for you and your immediate family are eligible. If you are disabled, you can withdraw funds...

Can you have a sep ira and self-directed ira?

Can you have a sep ira and self-directed ira?

Once the cash is in your IRA, you can invest, transfer and distribute it at any time, just like you can with other...

Secure Your Retirement with Physical Gold: A Comprehensive Guide to Gold IRA Rollovers

Secure Your Retirement with Physical Gold: A Comprehensive Guide to Gold IRA Rollovers

Gold IRA Rollovers: A Guide to Investing in Physical Gold in Your IRAIndividual Retirement Accounts (IRAs) are an...

Can i contribute to a traditional ira if i make over 200k?

Can i contribute to a traditional ira if i make over 200k?

No, there is no maximum income limit for a traditional IRA. Anyone can contribute to a traditional IRA.

Are there any limitations on who can have an ira?

Are there any limitations on who can have an ira?

If lower, your taxable compensation for the year. There are no income limits for traditional IRAS1, but there are income...

Which of the following are examples of prohibited transactions with a traditional ira?

Which of the following are examples of prohibited transactions with a traditional ira?

Prohibited IRA transactions: borrowing money, selling you a property, using it as security for a loan, buying property...

Are there income limits for custodial roth ira?

Are there income limits for custodial roth ira?

To begin with, a Roth IRA is a special retirement account that allows participants to receive tax-free income during...

How much do i need to start investing in etf?

How much do i need to start investing in etf?

You don't need thousands of dollars to start investing in an ETF. Founded in 1988 (formerly known as the Premium Class...

Are there ira accounts that i can manage myself?

Are there ira accounts that i can manage myself?

A self-directed IRA allows investors to have unique and varied investment options within a retirement account. Unlike...

Can an ira hold gold?

Can an ira hold gold?

While previously IRAs were limited to storing American Eagle gold and silver coins, today IRAs can invest in gold,...

Can you contribute to an ira if you have no earned income?

Can you contribute to an ira if you have no earned income?

Self-employed workers can contribute up to 20% of eligible compensation to their own account. However, this does not...

Can an ira borrow money to buy real estate?

Can an ira borrow money to buy real estate?

One of the benefits of investing in real estate is the ability to leverage buying with debt. You may not realize that...

Who can not contribute to an ira?

Who can not contribute to an ira?

If your earnings from work are too high, you can't contribute at all. For a self-employed person or a partner or member...

Can i use an ira to fund real estate?

Can i use an ira to fund real estate?

The IRA law doesn't prohibit investing in real estate. However, not all IRA custodians or big banks offer this option and ...

What are ira restrictions?

What are ira restrictions?

There are no income limits for traditional IRAS1, but there are income limits for tax-deductible contributions. If...

How do i become a self-directed ira custodian?

How do i become a self-directed ira custodian?

Demonstrate that you meet the requirements of sections 1, 408-2 (e) (a) of the Treasury Regulations (a 1), 408-2 (e) (....

Who is the trustee or custodian of an ira?

Who is the trustee or custodian of an ira?

A custodian is required for all IRAs. The document must demonstrate that the account meets all of the following...

What can you invest in with a self-directed roth ira?

What can you invest in with a self-directed roth ira?

With a standard Roth IRA, investors are generally limited to stocks, bonds, mutual funds, certificates of deposit, and...

What type of ira is a rollover ira?

What type of ira is a rollover ira?

An accrued IRA is an account that allows you to transfer funds from your previous employer-sponsored retirement plan to...

How much tax do you pay when you withdraw from your ira?

How much tax do you pay when you withdraw from your ira?

Whether it's a traditional IRA, a SEP IRA, a simple IRA, or a SARSEP IRA, you'll owe taxes at your current tax rate on...

Can you contribute to an ira if you have no earned income?

Can you contribute to an ira if you have no earned income?

Self-employed workers can contribute up to 20% (2%) of eligible compensation to their own account. However, this does not ...

At what age can you no longer make contributions to an ira?

At what age can you no longer make contributions to an ira?

In addition, income limits don't apply to contributions to a company's retirement plans, unlike IRAs. Jeffrey Levine, an...

Which is better a roth 401k or a traditional 401k?

Which is better a roth 401k or a traditional 401k?

The main difference is the income taxes you pay for your contributions. With a traditional 401 (k) plan, you pay income...

Is a rollover ira a roth ira?

Is a rollover ira a roth ira?

A cumulative IRA can be a traditional IRA. It can also be a Roth IRA if you want to transfer money from a Roth 401 (k).

Can everyone make an ira contribution?

Can everyone make an ira contribution?

You can contribute to a traditional or Roth IRA even if you participate in another retirement plan through your employer...

What are prohibited ira transactions?

What are prohibited ira transactions?

In general, a prohibited IRA transaction is any misuse of an IRA account or annuity by the owner of the IRA, its...

What is the difference between a trust and a custodial account?

What is the difference between a trust and a custodial account?

A trust fund, on the other hand, provides the person donating the money much more control, since the assets are owned by...

Is a sep ira self-directed?

Is a sep ira self-directed?

The purpose of any IRA is to accumulate tax-deferred or tax-exempt wealth. With a self-directed IRA, you can go one step...

What are prohibited transactions in a self-directed ira?

What are prohibited transactions in a self-directed ira?

Prohibited transactions themselves may include buying or selling property between the IRA and a disqualified person,...

How do beginners buy etfs?

How do beginners buy etfs?

How to buy an ETFOpen a brokerage account. You'll need a brokerage account to buy and sell securities such as ETFs.

How much can a retired person contribute to an ira?

How much can a retired person contribute to an ira?

If lower, your taxable compensation for the year. If you fund your IRA after you retire, you should consider the maximum...

Are there income limits for custodial roth ira?

Are there income limits for custodial roth ira?

To begin with, a Roth IRA is a special retirement account that allows participants to receive tax-free income during...

What do i need to know before buying an etf?

What do i need to know before buying an etf?

When selecting an ETF, investors should consider factors such as their asset level, trading volume, and the underlying...

Can you rollover an ira into real estate?

Can you rollover an ira into real estate?

While you can't spend the funds in retirement accounts before age 59 or 9, at least not without significant penalties,...

Can you contribute after age 72?

Can you contribute after age 72?

However, a related provision, which received less attention, allows account owners to continue making contributions to...

Can i contribute to an ira if i am on social security?

Can i contribute to an ira if i am on social security?

You can only contribute earned income to an IRA; investment income and Social Security benefits don't count. He received...

Can you put money into an ira after age 70?

Can you put money into an ira after age 70?

If you work after age 70 and a half, you won't need to take an RMD out of a 401 (k), 403 (b), or 457 (b) account until...

Can i set up a self-directed ira myself?

Can i set up a self-directed ira myself?

You can set up a self-directed plan such as a traditional IRA (tax-deductible contributions) or Roth (tax-exempt...

Is a bank a trustee or custodian for an ira?

Is a bank a trustee or custodian for an ira?

Banks, credit unions and savings associations often act as trustees or custodians, and there is no need to file a return...

Can you still contribute to a 401k after age 72?

Can you still contribute to a 401k after age 72?

If you're still working, you can contribute the full amount of your salary deferral to a Roth 401 (k), regardless of your ...

Are there any limitations on who can have an ira?

Are there any limitations on who can have an ira?

If lower, your taxable compensation for the year. There are no income limits for traditional IRAS1, but there are income...

What are prohibited transactions in a self-directed ira?

What are prohibited transactions in a self-directed ira?

Prohibited transactions themselves may include buying or selling property between the IRA and a disqualified person,...

What is a self dealing prohibited transaction?

What is a self dealing prohibited transaction?

It occurs when a disqualified person (for example, the consequence of a prohibited transaction) is the disqualification...