IRA LLC & Trust Basics

Self-Directing Your IRA — How Long Will it Take?

Realistically, how long does it take? You have made the phone calls and done your research.  You may have also spoken to some self-directed companies who give the impression or outright tell you that your account can be established and funded in a matter of days.  Is this realistic? Before you answer …think about some aspects of establishing a self-directed…read more →

Operating Agreement for Self-Directed IRA LLCs

I occasionally receive a question from a client on why is an operating agreement for self-directed IRA LLCs important. The genesis of the question usually rotates around when an IRA account owner is establishing the bank account for their IRA LLC, the bank will require that the individual provide the Federal TIN (Taxpayer Identification Number) and the approved articles for the…read more →

Real Estate Agents Investing With Self-Directed IRAs

Real estate agents investing with self-directed IRAs can make some mistakes with how they execute their self-directed investments.  I wanted to write this post after a recent seminar with real estate agents, which included real estate agents investing with self-directed IRAs.  The meeting was to introduce the benefits associated with real estate agents not only establishing their own self-directed retirement plan,…read more →

IRA LLC Valuations

Recently, I wrote a post related to IRA LLC valuations and the new requirements that custodians must follow effective in 2015.  These new IRA LLC valuations will place greater responsibility on the IRA custodian for a more accurate reporting of “hard to value assets.”  While the final requirements have not been communicated to custodians, there will be change to an account manager…read more →

Recruitment of Real Estate Agents

While this post is written more from the standpoint of a real estate broker recruiting real estate agents, it is applicable to any professional real estate agent who is interested in their career.Can a self-directed 401(k) or self-directed IRA assist a real estate broker with the recruitment of real estate agents? Possibly. Many real estate brokerage offices take an active…read more →

Unrelated Debt Financed Income (UDFI)

Many people start going down the path of creating a self-directed IRA and have never heard of the term Unrelated Debt Financed Income (UDFI).  And, when they visited with the company that established their self-directed IRA, the concept of Unrelated Debt Financed Income may not have even come up.  I mean, if an IRA is not planning on financially leveraging an…read more →

Self-Directed IRA LLC Valuations

All IRA custodians must report the FMV (Fair Market Valuation) of an IRA to the IRS annually.  So it is also true that self-directed IRA LLC valuations must be provided as well by the custodian to the IRS.  In the past, self-directed IRA LLC valuations may have simply consisted of the IRA account manager listing an actual dollar amount as of the…read more →

New IRA Rollover Rules — When Doesn’t it Apply?

You know there are many blog postings on the recent Bobrow vs. Commissioner Tax Court case with these blogs going into, sometimes, great detail about the ruling from that case which deals with IRA to IRA rollovers.  Since this post is not specifically about this case, let’s just simply state that beginning in 2015 an individual will be limited to…read more →

IRS Rollovers — A Simple Chart!

Did I actually say IRS and Simple in the same sentence?! Well, yes, I did.  Most of us believe that it seems like anything related to the IRS is not simple.  And, for most, the conversations of what a “rollover” is, what a “transfer” is and how they are different from each other can make one’s head roll. However, the…read more →

Using Your 2013 IRS Tax Refund to Make a 2014 IRA Contribution?

Most of you who qualify for an IRS tax refund are not necessarily looking into whether you can use that refund for an IRA contribution.  But, recently I read with great interest a blog post from nationally-recognized IRA expert Ed Slott on this very topic.  It is a great piece on this subject and one, quite honestly, that many probably…read more →