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Guide: Reporting Your Fair Market Valuation

The Entrust Group

Estimated reading time: 4 minutes

Every year, the IRS requires a report of the value of your IRA assets with a Fair Market Valuation. Valuation of assets in a self-directed account must be provided to your self-directed IRA administrator to ensure proper tax reporting to the IRS. A fair market value is an estimate of the market value of an asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.

Topics: Alternative IRA Investments
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Top 3 Questions IRA Holders Have About Property Taxes

The Entrust Group

Estimated reading time: 2 minutes 50 seconds

Every year, self-directed IRA holders who invest in assets like real estate or commercial properties have to keep up with expenses like property taxes. One thing IRA holders need to keep in mind is that all expenses related to property owned by your self-directed IRA (maintenance, utility bills, upgrades, property taxes, etc.) must be paid from your IRA diligently and on time. To make this process understandable to asset owners, we compiled the top 3 questions IRA holders have about property taxes:

Topics: Real Estate, Plan Resources, Private Placements, Small Business Owners, Investor Due Diligence, Private Placements/LLCs, Alternative IRA Investments
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7 Essential Tips for Taking Distributions From Your Self-Directed IRA

The Entrust Group

Estimated Reading Time: 4 minutes 20 seconds

If you’re approaching the age of 59, you will soon be eligible to begin taking distributions from your self-directed IRA without being subject to an early distribution penalty. And if you’re about to turn 70½, it won’t be long until you must take Required Minimum Distributions from your Traditional IRA. As with many things that involve the IRS, there are nuances and special conditions that affect what you should do and how much you should withdraw.

 

Topics: Basics of Self-Directed IRAs, Distributions, Alternative IRA Investments, Self-Directed IRA Plans, myDirection Card
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How Retirement Might Look Without a Savings Plan

The Entrust Group

Estimated reading time: 3 minutes

It's National Retirement Security Week 2018 and we're doing our part in raising awareness about the importance of your current, or future retirement plan. It's the perfect time to check your plan to see if your goals are being met, and if you're on track. Think about it: what would happen if you attempted to retire without a savings net? The reality is - you would continue to need a paycheck. The end result of not being prepared can be devastating. 

Topics: Basics of Self-Directed IRAs, Alternative IRA Investments, Contributions, Self-Directed IRA Plans
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Are You Certain You Want to Convert to a Roth IRA in 2018?

The Entrust Group

Estimated reading time: 2 minutes

Starting tax year 2018, taxpayers must be very certain when they initiate converting their Traditional IRAs or a Direct rollover of non-designated Roth accounts from their 401(k), 403(b) or governmental 457(b) plans to a Roth IRA.  Reason being, you may no longer be allowed to change your mind once it’s complete. 

Topics: Plan Resources, Alternative IRA Investments, Current Events and News
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