Archive for February, 2017

Your Self-Directed IRA Custodian Fees May Be Tax Deductible

February 24th, 2017

Unbeknownst to many retirement account holders, payment of individual retirement account (“IRA”) custodian/trustee fees is generally tax-deductible.  Under Internal Revenue Service (“IRS”) rules, in place of the standard deduction, one can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040 or Form 1040NR). One can only claim the amount of expenses that […]

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Protecting Your IRA Without The Fiduciary Rule

February 16th, 2017

Here’s an article from Forbes.com dealing with the fiduciary rules – Now that President Trump has rescinded the fiduciary rule, what exactly does that mean for IRA investors? The fiduciary rule, developed by the Obama administration, aimed to protect retirement savers from bad advice and keep more money in their pockets. It also sought to […]

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Understanding Your Options When Inheriting An IRA From A Non-Spouse

February 1st, 2017

Here’s another article from Adam Bergman that originally appeared on Forbes.com – Unfortunately, the Internal Revenue Service (“IRS”) does not allow you to keep retirement funds in your account indefinitely. The required minimum distribution rules (“RMD”) were created in order to guarantee the flow of IRA funds into the federal income tax system as well […]

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