Category Archives: IRA Education

Year-End Reminders for Real Estate Investments

Before heading into the new year, it’s important to conduct a review of your finances and investments. Many real estate investors have year-end expenses to check off their list. Do you have expenses that are due by December 31st? Here are several year-end reminders to consider. Common Real Estate IRA Expenses HomeOwners Association (HOA) Business […]

Early IRA Withdrawals via 72(t) Payments

Occasionally, clients ask if they should use 72(t) payments out of their IRAs. Generally, some hardship requires a client to take this course of action, as he or she does not otherwise qualify for an early withdrawal exception. Of course, Kingdom Trust cannot recommend any such decision with one’s retirement account. But this provides us […]

Tax Day 2019 and How It Could Affect IRA Contributions

We’re about a month away from Tax Day 2019 (April 15). While many have already completed their tax returns, others will do so within the next month. Either way, it’s important to know how Tax Day could impact your Individual Retirement Account (IRA) savings. So, with Tax Day 2019 right around the corner, how could […]

Do You Have an Excess Contribution in Your IRA?

Many retirement investors maximize their IRA contributions up to the limit each and every year. The reality for these individuals is leaving no gaps in their retirement savings and positioning themselves for a greater retirement. It should be every saver’s intention to contribute up to the maximum limit to put themselves in the best financial […]

The Difference Between IRA Contribution Eligibility and Deductibility

IRA custodians like Kingdom Trust aren’t required to determine whether an IRA contribution can be deducted. Likewise, IRA custodians aren’t responsible for tracking IRA deductions. And while, yes, these areas should be discussed with your tax professional, Kingdom Trust is here to help, too. For starters, we can help IRA holders avoid confusing contribution eligibility […]

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