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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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70 or Older Retirees: Have you Taken Your Required Minimum Distribution?

The Entrust Group

Estimated reading time: 2 minutes

Most of us think about our birthdays just once a year, but if you have an IRA and are getting close to celebrating your 70th birthday, you also need to think about your half-birthday. That’s because you must start taking required minimum distributions (RMD) soon after turning 70½.

Topics: Distributions, Alternative IRA Investments, myDirection Card
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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: Real Estate, Distributions, 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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5 Tax-Smart Things You Can Do Before April 18

The Entrust Group


Estimated reading time: 1 minute

You still have time to make decisions that can improve your tax situation. This year's tax deadline date is near (April 18th, 2016). Here are some things to consider taking advantage of before the tax deadline:

 

Topics: Distributions, Contributions
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