Few people realize that they have a lot of flexibility if they choose to move their IRA retirement plan.  Yes, its true that if one day you simply decide that you can get a better return with your money somewhere else you move the money to another qualified plan without any penalties.  After all it is your money.  Of course the main reason you would make such a decision is to restructure your investments in order to achieve maximum profits.  One of the best ways to do achieve maximum profits is to place your money in a self-directed IRA.

Moving Investments From A Qualified Plan To a Self-Directed IRA

If you plan to roll your money over from a IRA retirement plan that is not qualified you company would pay 80% to you and 20% would go to the Internal Revenue Service.  You must make up the difference and deposit that amount with the new custodian.  At tax time you can file your return to apply for the refund. Read the rest of this entry

First things first, you should have a will.  Making a will not only does the obvious:  distribute wealth and possessions to loved ones; they also leave an impression on how carefully one has managed his or her estate especially for those left behind.  The last thing you want is to leave your family trying to figure out what you wanted done with your estate.

The following are 5 must know things you should and should not do in making a will:

Must Know # 1 – Do update your will

Everything changes.   Possessions, money can increase or decrease.  Estate tax laws change in a whim thanks to Congress.  The IRS can just as well alter these laws depending on whose side they are on and how they interpret it.  There are varying laws in each state.  It is important to evaluate every major change in your life.  Doing so could change your will for the better and your death a lot more peaceful. Read the rest of this entry