Can I Take Money Out Of My Retirement Plan?
One question that people ask from time to time, for various reasons, is whether they can withdraw money from their retirement plan. Usually, the inquiry is regarding a defined contribution, tax-deferred savings plan, like a 401(k) or a 403(b) program offered through an employer. Still, you might also ask about an IRA you established independently. While the answer to the query is generally "yes," a better question might be: "should I take money out of my retirement plan?" and that answer might be no.
How Do I Make The Most Of My Real Estate Assets?
For many investors, the attraction of real estate includes the ability to pursue diversification of your portfolio, and seek wealth accumulation, deferral or avoidance of taxes, and cash flow. As you seek to accomplish these goals, you can advance your progress with planning. As with any collection, whether in investments or art, ongoing curation is a best practice. Clearly stating your objectives is an essential step toward achieving them, and the next step is identifying and implementing some key tactical procedures to move in that direction.
1031 Exchange On A Primary Residence
The basics of the 26 U.S. Code §1031 “Exchange of Real Property Held for Productive Use or Investment” are that you can exchange any real property “held for productive use in a trade or business” into another such real property, and defer capital gains taxes on that exchange.
Is a Roth IRA a Qualified Retirement Plan?
Qualified retirement plans are recognized by the IRS and meet requirements laid out in Section 401(a) of the U.S. tax code and ERISA guidelines. Most plans offered through your employer are qualified retirement plans and qualify for tax breaks. A Roth IRA is not a qualified retirement plan, but there are similar tax advantages for those planning for retirement.
Real Estate Tax Strategy for the Family Office
Very affluent families may establish a family office to manage their wealth. These entities usually serve family units with tremendous assets and complex needs. In addition to investment advice, the family office may provide tax and estate planning services and personal support in other areas. Historically, most family offices were not registered as investment advisers due to their private status. After the Dodd-Frank Wall Street Reform and Consumer Protection Act eliminated the exemption for private advisers, the Securities and Exchange Commission adopted a rule that defined family offices and excluded them from regulation under the Investment Advisers Act of 1940.
How Many Opportunity Zones Are There?
We’ve learned a great deal about Qualified Opportunity Zones ever since the initiative was passed as part of the Tax Cuts and Job Act (TCJA) of 2017.
How Many Retirement Plans Are There?
The sooner you prepare for retirement, the better. In fact, the recommendation is to begin saving as soon as you earn an income. Does that mean if you haven’t gotten a jump start on saving that you won’t be able to have a comfortable retirement? Absolutely not. There are so many retirement plans, all with different drawbacks and benefits depending on your age and financial situation. In fact, The Internal Revenue Service (IRS) lists 14 types of retirement plans.
Sponsor Risk and Its Role in Delaware Statutory Trust Entities
When going into a Delaware Statutory Trust (DST) investment, your DST Sponsor is just as important to your success as the property. What seems like a great property in a top location managed by an inadequate Sponsor could mean potential risk in your DST investment.
What Is An Insured Retirement Plan?
An insured retirement plan (IRP) is a strategy used to build a tax-deferred investment inside of a life insurance policy during your working years. When you retire, instead of withdrawing these funds directly from the life insurance policy, you use the policy as collateral on a loan. At retirement, you can establish an annual line of credit against the policy where the maximum loan percentage is connected to the type of investment within the policy. This strategy and the earnings on the money within the insurance policy and the loan from this policy act as a tax shelter for the investor.
An Overview of The Delaware Statutory Trust Act
In 1988, Delaware enacted the Delaware Business Trust Act, which was later changed to The Delaware Statutory Trust (DST) Act in 2002. The DST is a statutory entity that is governed by Chapter 38, Part V, Title 12 of the annotated Delaware Code. The DST Act was passed to allow a lawfully recognized and flexible alternative business entity and is periodically amended to allow developments in business practices.
