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Ocho Learning Center

IRA +1 Roth IRA
January 26, 2023
How To Buy Real Estate With a Roth IRA

Investing in real estate with a Roth IRA is possible (and completely legal). However, you need a special kind of Roth IRA, the self-directed IRA (SDIRA). While your investment options are limited to only traditional assets with a regular IRA, a self-directed Roth IRA opens the door to alternative assets like crypto, NFTs, private equity, […]

ira rmd
IRA
January 13, 2023
IRA Required Minimum Distributions (RMD)

Updated on January 13, 2023: Most individual retirement accounts (IRA) require that you start taking distributions from your account once you reach the age of 73. If you don’t, you’re hit with steep penalties each year you fail to take your RMD. The Roth IRA is the only exception. You don’t have to take any distributions […]

IRA +2 Roth IRA SEP IRA
December 21, 2022
Comparing IRAs: SEP vs Roth vs Traditional

There are many different kinds of IRAs, each with its own set of rules and benefits. A traditional IRA and Roth IRA are the most similar. They have the same contribution limits and eligibility rules, but only really differ in when and how they get taxed. A SEP IRA is actually closer in function to […]

ira vs 401k
401k +1 IRA
December 05, 2022
IRA Vs 401k: Main Differences Explained

Two of the most popular types of retirement accounts are the 401k and the IRA. They both offer tax advantages but have different eligibility rules, contribution limits, withdrawal rules, and investment options. Main differences between a 401k and IRA The rest of the article below will expand on these differences. Eligibility differences A 401k is an employer sponsored plan and […]

vanguard ira to solo 401k
IRA +1 Solo 401k
December 05, 2022
How To Transfer An IRA From Vanguard To A Self-Directed Solo 401k

If you have an IRA with Vanguard and are considering moving your assets to a self-directed solo 401k, here are the steps to performing a rollover without triggering any taxes and penalties. Steps to move your Vanguard IRA to a self-directed solo 401k To transfer your funds from your Vanguard IRA, you must send them […]

ira loans
IRA
December 05, 2022
IRA Loans Don’t Exist – 4 Things You Can Do Instead

Retirement accounts like a 401k or solo 401k allow you to take out a loan from your account. Unfortunately, there’s no such thing as an IRA loan. However, there are work arounds that allow you to temporarily access your IRA funds that work similarly to taking out a loan. With a 401k loan, you’re allowed […]

traditional ira withdrawals
IRA
December 05, 2022
Traditional IRA Withdrawal Rules & Penalties Explained

With a traditional IRA, your contributions are deducted from your taxable income, and investments in your account get tax-deferred until retirement. The IRS doesn’t let you take money out of a traditional IRA without penalties until you reach the age of 59½. You’re also required to take minimum distributions from your account once you reach the […]

ira contribution limits
IRA
December 05, 2022
IRA Contribution Limits For 2022 & 2023

The contribution limits for a traditional IRA and Roth IRA are $6,000 for 2022 and $6,500 for 2023. If you’re over the age of 50, you also get an additional $1,000 in catch-up contributions, bringing your total limits to $7,000 for 2022 and $7,500 for 2023. What is the contribution limit for an IRA? The […]

traditional ira
IRA
December 05, 2022
What Is A Traditional IRA? (Rules And Tax Benefits)

OVERVIEW What is a traditional IRA? A traditional IRA is a type of individual retirement account (IRA) where you contribute with pre-tax dollars and get a tax deduction every year you contribute to your account. Your investments grow in your account tax-deferred until retirement. When you take withdrawals at the eligible withdrawal age of 59½, […]

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