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Category Archives: IRA Education

10 Self-Directed IRA Misconceptions

Kingdom Trust has previously posted articles from our IRA Myth Debunked series seeking to debunk some commonly-held misconceptions about investing. Unfortunately, despite our industry’s efforts to educate on the truth about Self-Directed IRAs, we still find a bevy of IRA misconceptions that are, for lack of a better term, fake news. In today’s post, we […]

What If I Contributed More to My IRA Than Is Allowed?

If you’ve contributed more to an IRA than is allowed by IRS rules, then you’ve made what’s called an excess contribution. As a result, you may be subject to additional taxes and penalties. However, you may have time to correct the excess contribution. And depending on how and when the correction is made, certain taxes […]

7 Steps to Financial Independence

We all hope to be financially “free” one day, but what does that look like for you? Is it having enough money for education expenses, your next vacation or even funding your retirement years? This short list could help you jumpstart your financial independence and get you on track for retirement. 1. Set Goals: It’s easy to […]

SIMPLE IRA Setup in 3 Steps

Many small business owners are unaware of the potential benefits of setting up a SIMPLE IRA for their employees. Many employers go the 401(k) route because it is all they’ve ever known to use for their businesses. However, a 401(k) plan may not be for every business. If you’re interested in an alternative, then a […]