Do You Understand Required Minimum Distributions? (RMDs)

You’ve heard the word required minimum distribution before; however, you may not know exactly why it is so important and how it affects your retirement account. We’d like to shine some light on this! Read our educational article, “How Do I…Understand RMDs?”, breaking down all you need to know about your RMD. Read our article … More Do You Understand Required Minimum Distributions? (RMDs)

IRS Announces 2016 Retirement Plan Contribution Limits

The Treasury Department has presented the inflation-adjusted figures for retirement account savings for 2016. Although there was a small increase in the amount you could contribute for 2015, the cost-of living index didn’t meet the legal thresholds and the same increase remained the same for 2016! Read Forbes’ article discussing the topic of 2016 retirement plan contributions … More IRS Announces 2016 Retirement Plan Contribution Limits

Provident Wins 2015 America’s Best IRA Custodian

More than $146 billion in U.S. retirement assets have flowed into self-directed IRAs over the years, and if the financial professionals who read the Trust Advisor are any guide, the gatekeepers favor Provident Trust Group as the preferred custodian for all that money. A reader survey conducted earlier this year revealed that only 10 independent … More Provident Wins 2015 America’s Best IRA Custodian

2015 Reporting Requirements for IRAs

Beginning in 2015, the IRS is requiring additional mandatory reporting of values within IRAs and Roth IRAs. The assets that will be requiring additional reporting are the hard-to-value assets, or assets without a readily available fair market value (FMV). These new reporting requirements indicate that the IRS is looking more closely at IRAs that hold … More 2015 Reporting Requirements for IRAs

Mistake Cost Loved Ones $400,000 of an IRA Inheritance

According to this Yahoo! article, Leonard Smith worked closely with his financial advisors and attorneys to ensure his children received the balance of his retirement funds after he died. Smith lost his battle with cancer in 2008. Unfortunately, a mistake ruined his plans. Smith’s family members noticed a year after his death that his IRA … More Mistake Cost Loved Ones $400,000 of an IRA Inheritance

Five Perfectly Legal Ways to Use Your Retirement Savings Early

As the term suggests, retirement savings are generally used once you reach retirement age — which the IRS defines as 59 ½ years or older. However, there are some special circumstances under which you might be able to use money in your retirement accounts early, and without paying an early withdrawal penalty. Some of these … More Five Perfectly Legal Ways to Use Your Retirement Savings Early