By J.P. Dahdah, Founder & CEO of Vantage With freedom comes responsibility. Self-Directed IRA (SDIRA) account holders are not immune to this reality. I regularly share my insights about the long list of powerful benefits SDIRAs, but there are hurdles to these accounts as with most things in life. The burdens exist within the realm of personal accountability. Building wealth…
By J.P. Dahdah, Founder & CEO of Vantage What Restrictions Do You Have? To maximize your physical wellbeing, you evaluate what food or items you are consuming, which may harm your body. Do you have food sensitivities, allergies, etc.? If, after evaluation, you learn “for your body,” it’s best to eat gluten-free, dairy-free, low-carb, or plant-based…you have a choice to…
IRS Reversal In 2014, the IRS changed its long-standing position on the one-per-12-month rule for rollovers between IRAs in light of a United States Tax Court ruling in Bobrow v. Commissioner. Before the Tax Court’s ruling, the IRS had interpreted Internal Revenue Code Section (IRC Sec.) 408(d)(3)(B) to mean that each taxpayer was allowed one rollover per 12 months for each separate IRA owned…
What are the differences between transfers and rollovers? Transfer A transfer is a direct movement of assets from one IRA to another IRA. Generally, transfers occur between IRAs of the same type: Traditional IRA-to-Traditional IRA, Roth IRA-to-Roth IRA, or SIMPLE IRA-to-SIMPLE IRA. However, an individual can transfer assets from a Traditional IRA to a SIMPLE IRA once the SIMPLE IRA’s…
By J.P. Dahdah, Founder & CEO of Vantage With another year behind us, it is essential to review your IRA investment. To ensure that your holdings can produce your desired results, evaluate if you should consider any adjustments to your IRA investment. Public markets continue to experience a forecast of less than favorable conditions for the year ahead. Investors who…
How would you have liked to have been warned about the drastic decline in the financial markets prior to The Great Recession? By J.P. Dahdah, Founder & CEO of Vantage If alerted, would you have taken swift action to protect your retirement savings from major loss? Hindsight is always 20/20. Given the historical losses experienced by millions of Americans, everyone…