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Ocho Learning Center

Solo 401k +1 Roth IRA
May 24, 2023
Roth IRA Vs Roth Solo 401k

SIMILARIES DIFFERENCES Both the Roth Solo 401k and the Roth IRA are funded with post-tax dollars. You contribute with income that’s already been taxed, but you don’t pay any taxes when you withdraw from either of the two accounts in retirement. In other words, your money compounds tax free, and then you get to keep […]

IRA +1 Roth IRA
May 09, 2023
Best Self-Directed IRAs of May 2023

While regular IRAs only let you invest in traditional assets like stocks, bonds, mutual funds, and ETFs, self-Directed IRAs (SDIRAs) allow you to hold alternative investments in your Roth or traditional IRA, such as real estate, private equity, fine wine, cryptocurrencies, and precious metals.  Self-directed IRAs are special types of IRAs. While they follow the […]

Roth IRA
May 09, 2023
The Best Roth IRAs for May 2023

A Roth IRA is an individual retirement account that could be a powerful vehicle to save for your retirement. Contributions are made with post-tax income (money you’ve already paid income taxes on), but your withdrawals in retirement are completely tax-free, no matter how large the gains. A Roth IRA is also one of the most […]

IRA +1 Roth IRA
April 11, 2023
How To Invest In NFTs With An IRA: Is It Allowed?

For the past several years, investing in NFTs through a retirement plan has been somewhat of a gray area. The reason is that the IRS has never officially clarified whether they were considered an asset or a collectible, which would not be allowed as an investable asset class in a retirement plan. Still, because the […]

Roth IRA
April 07, 2023
Can Someone Else Make Contributions To Your Roth IRA?

Did you know you’re not the only one who’s allowed to contribute to your Roth IRA? Someone else can contribute into your account for you, just as long as you’re eligible to contribute yourself. How it works In order for other people to be able to make contributions into your Roth IRA, you, the account […]

Roth IRA
April 06, 2023
How Does a Roth IRA Grow Over Time?

A Roth IRA three different growth components: Let’s go through each one below. Growth component #1: Your contributions The first way your Roth IRA grows is when you make annual contributions to your account. With a Roth IRA, you’re allowed to contribute up to $6,500 for 2023, or up to $7,500 if you’re at least […]

Roth IRA
April 06, 2023
How To Invest In Crypto with a Roth IRA

Investing in crypto through a Roth IRA is possible, but usually not through a regular Roth IRA that you find at major banks and institutions. You’ll have to find a special type of Roth IRA known as a self-directed crypto Roth IRA. Why use a Roth IRA to invest in crypto? A Roth IRA gives […]

Roth IRA
April 03, 2023
Benefits & Tax Advantages Of A Roth IRA

Are you considering opening and contributing to a Roth IRA for the first time? The Roth IRA account works a little bit differently than other retirement plans. It has many unique tax advantages not available with other accounts. Any individual with earned income during a tax year can make contributions to a Roth IRA, regardless […]

Roth IRA
March 28, 2023
Custodial Roth IRA For Kids: How To Set Up An Account

A Custodial IRA (Individual Retirement Account) is a type of tax-advantaged retirement savings account established for a minor by a custodian, who is usually a parent, guardian, or another responsible adult.  The purpose of a custodial IRA is to help minors save for their future retirement or education expenses while benefiting from the tax advantages […]