Equity Trust's mission is to inspire, educate, and support investors to achieve more. With an Equity Trust account, investment possibilities are nearly limitless, from stocks and mutual funds to real estate, notes, private entities, cryptocurrency, and more -- all through a single custodian.
We deliver a simplified investment experience through innovative technology and first-class service, achieved through an unmatched 50 years as an industry-leading custodian of tax-advantaged accounts. We have clients from all 50 states that have entrusted us to be the administrator of over $52 billion in retirement assets.*
Equity Trust is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.
No, a Family Trust can't own a Self-Directed IRA (SDIRA). SDIRAs must be owned by an individual. However, a Family Trust can be a beneficiary of an SDIRA. Always consult a financial advisor for specific advice.
No, unused funds in a Coverdell Education Savings Account (CESA) cannot be converted directly to an IRA. However, the funds can be transferred to another family member's CESA without penalties, provided the beneficiary is under 30.
How is custody of the crypto keys managed? Does Equity own and withhold the keys until transferred to something else, or does Equity own but disclose the keys, or are they owned by the customer but Equity withholds the keys, or does the customer own them and know what the keys are? Doesn't the entity that knows the keys actually own them in a crypto environment?
Thank you for your detailed questions and connecting with us. Equity Trust has assembled a proprietary Crypto investing system for IRA type accounts. With security being of the utmost importance, we would not feel comfortable answering specific questions in an open forum such as this, but certainly invite you to reach out to us directly through our website www.trustetc.com/blog/how-self-directed-cryptocurrency-works/.
Thanks for the question, this was a private deal, not a deal that was part of a syndication. The client found the property and self-directed on their own.
Investor A and Investor B are NOT considered disqualified persons to one another. They created a joint venture and agreed that the net proceeds would be split 50%/50%. In other words, it was a negotiated agreement.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Hello, thank you for the question. I believe you are referring to an FSA (Flex Savings Account), an HSA works differently. An HSA you can transfer to another custodian and continue to maintain year over year, growing tax-free.
Smart Investor! Great Investment! Thanks for sharing this transaction so we can learn more about various ways of being successful in different types of self-directed accounts.
When you actually *sign* a document on behalf of the IRA (alluded to at ~ 2:50), how EXACTLY do you sign? Eg: (1) Do you add ", trustee" or similar to indicate that your personal signature is as the trustee of the listed Equity Trust account?, (2) of do you instead add ", custodian". (3) And if you have multiple representations of your name (eg. nicknames, middle names, all sorts of variations in some cultures) which one do you use? Do you match exactly the one used for your Equity Trust account?
Hello Greg, thank you for the question, the client has to sign documents on behalf of the IRA, the titling of the IRA should be below the line and the client can sign their personal name and their role would be “account owner”.
Thank so much for clarification of Beneficiary IRA. As non USA resident I shall I do to access my decendent uncle IRA Account. In addition, late died in 2010 and IRS levied the bank account. What does I do to withdraw the funds from IRA.
No, you can't live in a home owned by your IRA, even if it's an ex-spouse's residence. IRA rules prohibit any personal use of the property by the IRA owner or disqualified persons, which includes spouses, ex-spouses, and other immediate family members.
Yes, if your IRA sells a property, it can be subject to depreciation recapture, similar to an individual. This means the portion of the gain attributed to depreciation deductions taken in prior years would be taxed at the recapture rate.
Yes, Roth accounts are subject to Unrelated Business Income Tax (UBIT) if they generate income from unrelated business activities or certain investments.
The attorney fees for preparing a note and mortgage document in a transaction involving a self-directed IRA should be paid directly from the IRA. Paying these fees personally could violate IRS rules and potentially lead to penalties.
Thanks for breaking down the Self-Directed Solo 401(k)s! Larger contributions and Roth component deferral sound like solid strategies for retirement planning. Speaking of alternative investments, have you guys checked out My Digital Money yet? They're making crypto IRA investing easy and secure, perfect for diversifying your long-term portfolio.
For a Solo 401(k), the FBO typically names the account holder, not just an account number, for clear ID. Check with your custodian for privacy options.
Wait, question here. So if i do traditional and i lets say make a profit from my traditional roth ira investments. Am i getting taxed on the profits also when i withdraw after 59.5 years of age ?
Yes, for a traditional IRA, any profits or earnings you make from investments are tax-deferred, meaning you don't pay taxes on the gains each year. However, when you withdraw the money after age 59.5, the withdrawals, including both your initial contributions and the investment earnings, are taxed as ordinary income.
Business tax isn't usually based on the number of transactions but on income, profits, and specific tax laws. Tax obligations can start with the first sale for sales tax, while income taxes depend on the business's earnings. We suggest consulting with a tax expert.
What is an example of a significant amount of skin in the game in proportion to the amount of games made on a return that would be allowed? For example, I put $1000 down on a $140,000 contract. I then found a buyer willing to pay $260,000 for that property and after closing costs I netted $107,000 is that $1000 deposit that I made acceptable when the return is $107,000?
Best thing I ever did was transfer my TSP funds after military retirement into a SDIRA (Roth) and started to use it for Private Lending!!! Learn how to be your own bank and then teach your kids this as well. Generational Knowledge is the key to a family dynasty.
Can you explain the steps to live in that house as your retirement home? Am I able to sell it to the average Joe with a standard loan? Who is a qualified person to purchase my home in the IRA? Can it be a cousin and uncle, and inlaw? Can my business LLC buy it from the IRA?
Hello, To use an IRA-owned house as your retirement home, you must distribute it from your IRA, paying taxes on its value. Post-distribution, it can be sold to anyone, including with a standard loan. Transactions with "disqualified persons" are restricted, but cousins, uncles, and in-laws are not directly disqualified. Your LLC may buy it if the deal doesn't breach prohibited transaction rules. Consulting a tax advisor for such transactions is advisable.
Isn’t up to $500k capital gains tax free when selling your home? All gains and contributions in an IRA are only tax deferred. Maybe it is smarter to cash out an IRA to buy a house? You have to live somewhere.
Yes, a self-directed IRA can invest in creative real estate deals such as "subject to" agreements or mortgage wraps. However, it's important to understand the rules and regulations governing these transactions within an IRA to ensure compliance with IRS guidelines. Consulting with a financial advisor is recommended to navigate these complex transactions effectively.
@@equitytrustcompany Thanks for responding Is this something you would consult on or would I need a financial advisor ? I know how to do the deals I just need to know they are done in compliance
