The New Capital Journal
Financial news, views, advice, and guidance.
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IRS Expands Spousal Beneficiary Option
New IRS guidelines provide greater flexibility for surviving spouses in inheriting retirement accounts.
Jump-Start A Roth IRA With A 529 Rollover
Certain 529 plan distributions that are directly rolled over to the plan beneficiary’s Roth IRA will not be subject to the additional tax.
Mitigating Taxes With A Qualified Charitable Distribution
We don’t normally think of giving money away as the best way to save money. But those who have reached the age when required minimum distributions (RMDs) must be taken have a nice option to reduce their taxable income.
3 SDIRA Mistakes to Avoid
Here are some common mistakes that even experienced investors make and how to avoid them.
Investing Your IRA In Real Estate
Investors have long pursued real estate investments for accumulating and growing wealth.
Can My SDIRA Invest In An LLC
A Limited Liability Company (LLC) is a popular alternative investment option for self-directed IRA (SDIRA) owners - in part because of the range of asset options available.
How Does an SEP Plan Work?
A Simplified Employee Pension (SEP) can enable you to save just as much for retirement as you would be able to save through a more costly and complex 401(k) plan.
What to Know About Inherited IRAs
A beneficiary’s options depend on the IRA owner’s age at death and the beneficiary’s category.
Benefits of Establishing a Minor IRA
A minor IRA can be a valuable tool for teaching a variety of financial lessons, from deciding how much to save, to managing taxes and investing.
Avoiding Taxable Transactions: IRA Rollovers
New Capital assists our clients with rollovers on a regular basis. Let us know if we can help you.
IRS COLA Changes for 2023
Inflation is typically hard on retirement savers. As inflation cumulates year over year, an account balance will be losing purchasing power even if it’s still growing.
Legislative Impacts on Roth IRA Conversions
Roth conversions have been a hot topic lately. Are they a tool for retirement income planning, or a tax revenue tool for Congress? As it turns out, they’re both.
Mitigating Inflation's Impact on Savings Rates
Inflation has hit record highs and shows no sign of abating, which lowers both spending and savings rates. If wages or investment returns can’t meet or exceed inflation levels, personal savings rates will decline which could cause people to delay retirement.
Investing Your IRA in Alternatives
New Capital works with Strata Trust to provide our clients with self-directed IRA custody.