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How to Use "Checkbook Control" For Even More Control of Your Self-Directed IRA

The Entrust Group

Estimated reading time: 3 minutes

We’ve all become so accustomed to using cards, phones, computers and even watches to make our everyday purchases and even, pay our bills. So sometimes we think using a checkbook seems impossibly old-school. The fact is, "checkbook control" is an efficient, cost-effective way to make purchases on behalf of your self-directed IRA.

Topics: Self-Directed IRA Plans
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Back-to-School: How an Education Savings Account Pays for Your Child's Education (Tax-Free)

The Entrust Group

Estimated reading time: 3 minutes

For the month of August, parents and children are gearing up for one event in particular: back-to-school! With the new school year starting again, we, at Entrust feel like it's the right time to educate our readers about a special self-directed savings plan called the Education Savings Account (ESA Plan), also known as a Coverdell ESA. This type of account is an option for parents or grandparents of a minor, to help support that minor in reaching his or her educational potential, from grade-school to college.

Topics: Self-Directed IRA Plans
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How to Help Pay Educational Expenses and Watch Your Account Grow Tax Free

The Entrust Group

Estimated reading time: 3 minutes 

Along with a diploma, the average 2016 college graduate has $37,712 in student loan debt, a 6% increase over the class of 2015. If you add up the debt owed by all 44.2 million Americans who have student loans, it totals $1.45 trillion. That means Americans owe more in student debt than on their credit cards. (These and more detailed statistics are available on Student Loan Hero. 

Topics: Self-Directed IRA Plans
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How Self-Directed IRA Conversions and Recharacterizations Actually Work

John Paul Ruiz, QKA, CISP

Estimated reading time: 3 minutes

With tax payers having a better understanding of the Roth IRA and its tax-free attributes, many are choosing to convert their Traditional IRAs to Roth IRAs. Traditional IRA account holders know that although Traditional IRAs allow for the investment earnings to grow tax-deferred, eventually when assets are distributed, they are taxed. This is different than how Roth IRAs work. Roth IRAs on the other hand receive the same benefit of tax-deferment on the earnings, however this kind of plan will eliminate taxation on the earnings if the Roth IRA holder has satisfied the qualified distribution criteria. 

Topics: Self-Directed IRA Plans, Plan Resources
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5 Last-Minute Ways IRA Holders Can Reduce Taxes

The Entrust Group

Estimated reading time: 3 minutes

Don’t stress over taxes. Even though the tax deadline is getting closer, there are still things you can do to make filing your tax return easier. Better yet, you have time to open an IRA (three extra days—until April 18, 2017) or to take advantage of other deductions that can shave dollars off what you may owe Uncle Sam.

Topics: Self-Directed IRA Plans, Financial
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