OPENING AN ACCOUNT ONLINE TAKES JUST SEVEN MINUTES
Open My Account

Category Archives: IRA Education

Why a SEP IRA May Be Right for You

The Simplified Employee Pension (or SEP IRA) is an attractive retirement savings tool for entrepreneurs and small business owners. Any business owner with at least one employee can open a SEP IRA. This also includes any self-employed individual (and thereby anyone with freelance income, sole proprietorships and partnerships). Corporations, including S corporations, can also set […]

When You Can and Must Take Money Out of Your IRA

You are certainly able to take money out of your IRA at any time, but oftentimes not without penalty. Let’s review one of the better-known rules about IRA distributions. If you take withdrawals before age 59 ½, you will have a 10% IRS penalty to cover. This charge could be in addition to any tax […]

Five Dates IRA Holders Must Circle on Their Calendars

It’s tax season, and if you’re an IRA holder, it’s also time to begin thinking about deadlines for RMDs and previous year contributions. Kingdom Trust has compiled a list of five dates (two fast approaching!) to help you ensure you won’t be taxed or miss out on any of the applicable changes that need to […]

Rollovers, Transfers and the New IRS Rollover Rule

by Tara Bogard, Business Development Officer According to the IRS, beginning January 1, 2015, an individual may make only one rollover from an IRA to another IRA in any 12-month period, regardless of the number of IRAs he or she owns. Please note that the funds can be deposited back into the original IRA as well. […]

Rollover Notice to IRA Holders

Effective January 1, 2015, you may make only one non-taxable IRA-to-IRA rollover every 12 months. This limitation applies regardless of how many IRAs you have. Because of this new rule, rollovers after the first one in a 12-month period are taxable. All rollover distributions and contributions are reported to the Internal Revenue Service. For more […]

This site uses cookies to learn how to communicate better with our website visitors and share the most relevant information. By continuing to browse the site, you are agreeing to the use of our cookies. Privacy Policy
You are currently allowing us to set cookies. Privacy Policy