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5 Important RMD Rules for IRA Holders

As the end of the year draws closer, many retirement account holders have required minimum distributions (RMDs) on their minds. If you’re over 70½ and have a Traditional, SEP or SIMPLE IRA, the IRS requires you take an RMD. Failing to do so (or failing to take the correct RMD amount) could result in penalties. […]

Congress acts to provide relief to victims of Hurricanes Harvey, Irma and Maria

Much like the Katrina Emergency Tax Relief Act of 2005 and relief for victims of Hurricane Matthew last year, Congress, the Internal Revenue Service (IRS) and other entities are providing relief to victims of recent disasters. Congress recently passed the Disaster Tax Relief and Airport and Airway Extension Act of 2017, or H.R. 3823, with […]

DOL Fiduciary Rule Update: Changes Still in Store?

As we mentioned in a previous blog, modification to the Department of Labor (DOL) Fiduciary Rule remains possible. And while some see a high probability of change, there’s even a chance the bill could be killed altogether. Not only is the Fiduciary Rule facing another assault from the U.S. House, but the SEC may push […]

How to Take a Distribution from an IRA-Owned Single-Member LLC

Do you have a retirement account owning a single-member limited liability corporation (LLC)? If so, you may be like many investors who use the pass-through entity as its own investment vehicle. However, some using an IRA-owned single-member LLC for this purpose seem to confuse IRA distribution rules. Even though an IRA-owned single-member LLC can be […]

Alternative Asset in Focus: Music Royalties

Kingdom Trust is known for its flexibility, especially when it comes to alternative assets held on our platform. From staples like real estate and precious metals to newer alternatives like digital currency and marketplace lending, you have an almost unlimited array of investment options when you choose Kingdom Trust as your custodian. Because of the […]