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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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4 Frequently Asked Questions about Self-Directed IRA Distributions

John Paul Ruiz, QKA, CISP

Estimated reading time: 3 minutes 30 seconds

There are many self-directed IRA questions surrounding required minimum distributions (RMDs). The deadline for RMDs, or to establish separate accounts for beneficiaries of IRA holders who passed away in 2014 is December 31st, 2015. This article discusses four frequently asked questions about distributions. Keep in mind that these rules do not apply to self-directed Roth IRAs, as you will never be required to make distributions from a Roth account. The following rules apply to traditional, SEP, and SIMPLE IRAs.

Topics: Basics of Self-Directed IRAs, Distributions, Self-Directed IRA Plans
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FAQs: Reporting a Fair Market Valuation for Your IRA

The Entrust Group

Estimated reading time: 3 minutes 40 seconds

Every year, the IRS requires a report of the value of your IRA assets. This is where the fair market valuation (FMV) comes in.  A fair market valuation is used to assign or change the value of an asset in a self-directed IRA. A Fair Market Valuation Form must be submitted on a yearly basis, and valuation of assets in a self-directed account must be provided to The Entrust Group, Inc. (“Entrust”) to ensure proper tax reporting to the Internal Revenue Service (IRS). This is required for all IRAs and is not a special addendum to self-directed retirement accounts. But the process is different from reporting the value of non-monetary assets like stocks, bonds, and CDs. To make the process easier, we've collected the most frequently asked questions about the FMV process:

Topics: Basics of Self-Directed IRAs, Distributions, Alternative IRA Investments, Self-Directed IRA Plans
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You Asked, We Answered: How to Save Money and Time on Your Entrust Account

The Entrust Group

Estimated reading time: 3 minutes

Entrust recently held an exclusive webinar for its clients in efforts to educate them about our money and time saving product: The Entrust Group myDirection Visa® Prepaid Card. During the webinar, we collected questions asked by attendees who were interested in saving time and money on their Entrust account.  These questions range anywhere from using the card for reaccuring expenses on investment properties, to buying stocks with the card. Continue reading to learn more:

Topics: Distributions, Real Estate, myDirection Card
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7 Ways to Take Early IRA Withdrawals Without Penalty

The Entrust Group

Estimated reading time: 2 minutes

Generally, if a self-directed IRA owner takes an early distribution from a retirement account, meaning he/she withdraws money before reaching the age of 59 ½, the IRS will impose an additional tax penalty on any taxable  distribution. However, there are a few exceptions to this rule. 

Topics: Distributions, Self-Directed IRA Plans
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