Tools/Education

Solo 401(k)
The Solo 401(k) is often the most attractive plan to investors, if they qualify, because it combines elements of the SEP and SIMPLE. The solo 401(k) is designed for owner-only businesses and spouses. It can be established by both incorporated and unincorporated businesses, sole proprietorships, partnerships and corporations.
 
SEP (Simplified Employee Pension)
Designed for self-employed individuals and small business owners (typically with up to 25 employees), the SEP IRA allows an annual contribution of up to $53,000 in 2015 without getting involved in a more complex qualified plan such as a 401(k). Contributions to a SEP are tax deductible, and earnings within the account are tax-free until withdrawn.
 
SIMPLE (Savings Incentive Match Plan for Employees)
The SIMPLE IRA is a plan for small businesses with 100 or fewer employees who have no other qualified plans. It's popular with investors who pay themselves less than $45,000 per year. With a SIMPLE plan, contributions are tax deductible, and earnings within the account are tax free until withdrawn.
 
What You Need to Know about Required Minimum Distributions
Aside from the pre-tax or tax-deferred environments, one of the fundamental differences between a Traditional and Roth IRA is whether or not you need to take a required minimum distribution (RMD).  SEP, SIMPLE, and Traditional IRAs all require the account owners to start taking distributions from the account when they reach age 701/2 and continue taking yearly distributions going forward.
 
Rollover IRA
Transfer/Rollover Your Retirement Account
Do you have existing IRAs or 401(k)s from previous plans that are not producing the type of return you would like to see? Would you like to take a more active role in your retirement? Then it's time to transfer or rollover your account to Equity Trust and take control of your financial future with a self-directed IRA or 401(k).
 
Designating IRA Beneficiary Critical in Estate Planning 
Properly designating your IRA beneficiary can be an important part of your estate plan. Otherwise, your heirs may have to pay more income and estate tax than necessary after you are gone.
 
Inherited IRA
What are Inherited IRAs?
Inherited IRAs are designed to allow the decedent’s IRA to continue tax-advantaged growth of the assets by avoiding the impact of immediate income taxes otherwise incurred upon the account holder’s death.
 
How to Convert to a Roth IRA
Can I Convert My Traditional IRA to a Roth IRA?
You can change your traditional IRA to a Roth IRA, and vice versa, depending on your tax needs. A simple adjustment in your IRA may have a large impact on your taxes when it's time to withdraw money.