by Jess Knudsen | May 8, 2023
Inherited IRA An inherited individual retirement account (IRA) is an account that is opened when a beneficiary inherits an IRA or employee-sponsored retirement plan, after the death of the original owner. A person who inherits their spouse’s IRA has a unique option:...
by Jess Knudsen | May 8, 2023
Individual 401(k) Plan If you own a business, one of the ways you can invest for retirement is through an Individual 401(k)—also known as an “Individual(k) or “Solo(k).” Unlike other small business plans, an Individual 401(k) is suited for business...
by Jess Knudsen | May 8, 2023
Roth IRA A Roth individual retirement account (IRA) lets you save and invest after-tax dollars. Funds contributed to a Roth IRA have already been taxed. Any earnings grow tax-free if certain requirements are satisfied—and there are no additional taxes on regular...
by Jess Knudsen | May 8, 2023
Simplified Employee Pension (SEP) IRA A Simplified Employee Pension Plan, or SEP IRA, is a type of employer-sponsored retirement savings plan that allows employers and their employees to increase the amount they can save for retirement. The SEP IRA may be a great...
by Jess Knudsen | May 8, 2023
Savings Incentive Match Plan for Employees (SIMPLE) IRA A Savings Incentive Match Plan for Employees, commonly referred to as a SIMPLE IRA, is a type of employer-sponsored retirement savings plan that allows employers and their employees to increase the amount they...
by Jess Knudsen | May 8, 2023
Traditional IRA A Traditional individual retirement account (IRA) is one of the most common types of retirement savings accounts. Contributions made into the account each year may provide a tax-deduction equivalent to the same amount contributed (subject to government...
by Jess Knudsen | Apr 6, 2023
LLCs Single member or multi-member Tips What you need to know about LLCs before you invest. A Limited Liability Company (LLC) is a type of business entity registered with the state. “Limited liability” refers to the protection this type of entity...
by Jess Knudsen | Mar 2, 2023
Real Estate Real property, including vacant or raw land, pre-developed property, and commercial or residential property Tips What you need to know about real estate before you invest. For most real property held directly by the IRA (except vacant or raw land), the...
