Midland Trust Blog

2020 IRA Contribution Limits

Self-directed IRAs are a great way to save for retirement while deferring taxes on alternative investments like real estate, futures and forex, precious metals and notes. All gains inside of individual retirement accounts grow tax-free and there is no limit on how much profit you can earn. How Often do Retiremement Limits Change? The IRS […]

My Reverse 1031 Exchange is Complete, Now What?

You found the perfect replacement investment property, purchased it and then successfully sold your relinquished property by setting up a Reverse 1031 Exchange.  You have deferred your capital gains and depreciation recapture for 2019.  However, your replacement property is owned by a new LLC set up specifically for the reverse 1031 exchange – how can […]

Is a Health Savings Account (HSA) for You?

  A Health Savings Account (HSA) can be a great way to reduce your tax bill if you are enrolled in a high deductible health plan (HDHP). According to the Society of Human Resource Management, more employers are providing HSAs as an employee benefit and more are making contributions to employees' funds. Funds contributed to an HSA are [...]

Section 199A Final Regs – Good News for 1031 Exchanges

The proposed regs under Section 199A left many taxpayers and advisors scratching their heads as to the impact it would have on those taxpayers looking to complete a tax-deferred exchange under Section 1031.  One interpretation of the proposed regs could have meant that taxpayers would have to choose between the benefit of the 1031 exchange [...]

Updated IRA Contribution Limits for 2019

Building wealth is an important goal and you can use your retirement accounts to help, but you need to keep a few important things in mind: deadlines to contribute and contribution limits. Per the IRS, IRA Contribution limits have increased for 2019. Deadlines and Contribution Limits For some IRAs, the deadline to contribute is also [...]

Roth IRAs and What You Need to Know

You may be asking what a Roth IRA is, and what the basic requirements are to have one. Eligibility for a Roth depends on two factors: you must have earned income, and your modified adjusted gross income (AGI) cannot exceed the limits set forth for Roth IRAs. A Roth can be self-directed, allowing account owners [...]

Raising Capital Using Self-Directed IRA Funds

If your firm is raising capital, you can employ strategies to include accepting investments from self-directed IRAs. This allows your clients to use not only personal funds but also retirement funds to participate in your offering. Your firm might be a great fit if you are a private fund manager, a crowdfunding platform, a privately [...]

Polar Pitfalls with Property in your IRA

One popular investment that people make with their IRAs is real estate. With the recent cold snap throughout large parts of the United States, many homes may need maintenance whether from a burst pipe or HVAC repairs. IRA investors in real estate should be wary of making any prohibited transactions. While you may want to [...]

Tips to Improve Your Password

Your password is one of the most important layers of your personal information security. It is typically the only barrier protecting your personal data within your account from theft. That being said it is important to choose a password that is strong in order to limit the possibility of a malicious attacker from guessing your password. [...]

To Spam or Not to Spam

Signing up for a Midland IRA account or managing an existing account? It is important to provide an email address that is frequently checked. Everyone knows that when you sign up for anything nowadays it won’t be long before the ads begin pouring into your inbox. Fortunately, many come with an option to unsubscribe.   [...]