Entrust Group Blog
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For over 40 years, we have empowered investors to take charge of their retirement by providing access to tax-advantaged, self-directed accounts. Our services allow investors to invest in alternative investments that are typically unavailable through traditional banks and brokerage firms and make it possible for them to create a personalized retirement. Read our Investor blog on self-directed..
Entrust Group Blog
1M ago
Estimated Reading Time: 1 minute 30 seconds
Collectively, Americans have $7 trillion invested in their IRA accounts. But on an individual level, a recent survey from the Transamerica Center for Retirement Studies found that the typical worker’s retirement account has a balance of only $63,000; among baby boomers, the group now entering retirement, the median balance is just $132,000. That leaves a big gap for people contemplating a $1 million retirement ..read more
Entrust Group Blog
1M ago
Estimated reading time: 2 minutes
We have received many questions regarding whether distributions made during 2015 to a charity is tax-exempt. The answer is finally here for many Americans who are age 70 ½ and older. Qualified Charitable Distributions (QCDs) which expired on December of 2014 has been made permanent by The Consolidated Appropriations Act of 2016 signed into law by President Obama on December 18, 2015. ..read more
Entrust Group Blog
1M ago
Hiring and wages are both picking up: 72 percent of businesses hired employees in 2014 and 74 percent of them raised salaries in the same time period. That gives potential employees more options, and it makes holding on to your current staff more important than ever ..read more
Entrust Group Blog
1M ago
Estimated reading time: 2 minutes
It's contribution season, which means, IRA holders (and/or their employer in the case of an employer-sponsored plan) contribute a dollar amount into their IRA. All IRA contributions must be made by check, wire transfer, or cash.
Certain requirements must be met in order to contribute to each account type. IRA contributions are discretionary, meaning that you are not required to make deposits every year.
To help our readers understand contributions a bit better, we've answered the most frequently asked questions about Traditional and Roth IRA contribution ..read more