IRA LLC & Trust Basics

401K vs. IRA — Can’t Tell Me the IRA is Better

Recently, I provided an educational video blog posting for BawldGuy (  The topic related to, given the option, should one consider a 401K or an IRA….self-directed or not. Without tipping my hand, it will be pretty obvious from the title of this blog what my sentiments are related to which plan one should consider…of, course, all things being equal.  But, why…read more →

Double Taxation for Your IRA? Ever Hear About It?

Many people are, understandably, excited and interested in establishing a self-directed IRA or 401(k).  Good or bad, right or wrong, many individuals are concerned about having some or all of their retirement assets in the market and are looking for true ways of diversifying.  With the ups and downs of Wall Street and concern of market manipulation, it shouldn’t come as…read more →

Self-Directed IRA Investment Verification

In the past, many self-directed IRA custodians merely accepted a written (e.g., fax, mail, email) IRA investment verification from a client when they wished to move funds from their self-directed IRA. The request for funds could be to fund an investment or make a distribution. With true self-directed IRA plans, these requests for funds will typically be associated with funding…read more →

Self-Directed IRA — LLC Asset Protection

For those of you who have done research on self-directed IRAs (Tradional IRA, Roth IRA, SEP IRA), you soon find the term IRA LLC. Why? Well, as an IRA must be “held” by an IRS-approved IRA custodian, IF the IRA account holder wants to secure fiduciary control (e.g., checkbook control) of the assets of the IRA, there has to be…read more →

IRA Custodians & Self-Directed IRA Custodians — Did You Know there were Three!?

How do you want to invest your IRA? Are you only interested in stocks, bonds and mutual funds….there are plenty of IRA custodians that will take your money. Interested more in investing in non-traditional assets (e.g., real estate)….well, you will have a harder time finding these custodians, but a good Google research will get you information on those custodians. Want…read more →

Self-Directed IRA Plans — Which Ones can be Self-Directed?

The age-old question related to Self-Directed IRA plans….which ones can be self-directed? While there are some IRAs that, practically speaking, will not be self-directed, it doesn’t mean that they can’t be. You just don’t find it that often. Many folks just assume that if it is an IRA, only a Traditional IRA and a Roth IRA can be self-directed. In…read more →

What is an IRA — Self-Directed or Not?

We all know there are several different types of IRAs established and approved by the IRS. But, what does the IRS say an IRA is. Simply speaking, an IRA is a trust that is established within the boundaries of the United States for the benefit of the account holder and his beneficiaries with a prescribed, written document for the plan….read more →

Can an IRA be Co-Jointly Owned? Oh…Don’t Ask!

Many married folks have an IRA….whether it is a Traditional IRA, Roth IRA or SEP. Being married and wanting to establish a self-directed IRA, many married individuals want to combine each of their IRAs into one IRA account or have their respetive IRA co-jointly owned by the other spouse as well. This is not permissible and the following video will…read more →

Self-Directed IRA Contribution Limits — Who Stinking Cares?!

Well, actually, all of us should. So, why do I have such a strong commentary on the subject matter of IRA contribution limits…whether it be an IRA, Roth IRA or SIMPLE IRA? It is because in comparison to a 401K plan, the IRA just doesn’t hold up with any aggressive planning you may have to increase the value of your…read more →

What is a Self-Directed Roth IRA — Defined?

Well, in defining what a Roth IRA is, we first have to define what an IRA is. An IRA is a tax advtanaged retirement savings plan as defined by the IRS. So, with a Roth, it is still an IRA, it just doesn’t have the tax advantages associated with your contributions. Whereas a typical IRA contributions are made on a…read more →