William In The News
Can my IRA buy an office building?
“There are specific rules explaining what you can and cannot do in funding and managing your investment,” said Bill Connington of Connington Wealth Management in Paramus. “Make sure you comply with all the rules. If not it could cause problems in your IRA and cause many tax penalties.”
Emergency fund investment options
“You purchase a 6-month, 12-month and 18-month CD with some of the money and maintaining the rest in a money market account,” said Bill Connington of Connington Wealth Management in Paramus. “When the 6-month comes due, you roll it out to a new 18-month. This means you will have a CD coming due every six months.”
