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Individual Retirement Accounts (IRAs) offer more flexibility than most people realize. Not only can they be used to invest in stocks, bonds, mutual funds, or exchange-traded funds (EFTs), they can also be used to invest in and buy real estate. These types of investments can range from single-family homes to commercial properties such as office buildings, raw land and more. The challenge with these types of investments is that the tax complications and rules associated with th

For high-income taxpayers, the commonly used Roth Individual Retirement Account (IRA) can have some frustrating limitations, and doesn’t address the unique needs of these types of individuals. Eligibility limitations, types of contributions, investment restrictions and delayed distributions are all problems faced by high-income taxpayers when attempting to contribute to a Roth IRA. Fortunately, the Malta Pension Plan (MPP) can provide a desirable alternative that mitigates th

Charitable giving is a wonderful way to give back to organizations or individuals who have influenced your life positively, support causes you are passionate about, or perhaps honor the memory of a loved one. Whether actively donating during your lifetime, or planning contributions into your estate plan, the financial ramification should be considered closely to ensure that any applicable tax benefits can be realized. In late 2017, the Tax Cuts and Jobs Act was passed, and ma

When it comes to retirement accounts, many are familiar with the traditional Individual Retirement Account (IRA) and the Roth IRA. These two accounts allow for before- and after-tax dollars respectively to be contributed and withdrawn penalty free after age 59 ½. Less commonly known though is the Malta Pension Plan, which can serve as a desirable alternative to the traditional Roth IRA for high-income taxpayers. Many high-income taxpayers are unable to contribute as much as t