Self-Directed Custodians

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 →

Rollovers Into a Self-Directed 401(k) — Reporting Reminders

It really doesn’t matter whether a rollover is being made into a self-directed 401(k) vs. your traditional 401(k)…a rollover is  a rollover as it pertains to rolling over assets into the 401(k) and correctly reporting the rollover to the IRS. I have done past posts railing on some financial institutions who, in my humble opinion, do not correctly report the rollovers…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 →

Encumbered IRA Asset Rollover into a 401(k) — Permissible?!

Recently, I did a blog on a social media site for which I was lambasted by one really, really friendly, self-proclaimed, all-knowing expert on ANYTHING related to IRAs (yes, if you can sense I use sarcasm, you would be correct!).  I was being criticized for how I answered a question by a person in the room when I was only…read more →

Self-Directed IRA & 401K Promoters — Questionnable Practices?!

A couple of weeks ago, a client forwarded an email with a link to a webinar made by a self-directed IRA and 401(k) promoter.  The webinar was your typical webinar that spent a significant amount of time talking about the superiority of the company in establishing self-directed plans and guiding their clients to great wealth through proper planning of their…read more →

Self-Directed IRA — Ugh!! Let’s Do A Rah-Rah for the SD 401K!!

In the world of self-directed IRA custodians and IRA administrators, what is the common thread?  Well, if you said establishing self-directed IRA plans for its clients…give yourself a gold star!  Whether these companies are establishing your IRA plan with or without checkbook control, they are still establishing a self-directed IRA.  Are these plans of benefit to you, especially if you…read more →

IRA and 401K Rollovers — Is This a Horror Movie — Re-Visited (Part 2)

Okay, I am going to make this a quick blog to update those who have read the previous two blog posts related to IRA and 401K rollovers.  The posts in order of when they were written are:   IRA and 401K Rollovers — Is This a Horror Movie and IRA and 401K Rollovers — Is This a Horror Movie — Re-Visited. So, why…read more →

IRA and 401K Rollovers — Is This a Horror Movie — Re-Visited

In a previous blog post, I lamented the fact that many individuals incorrectly apply IRS regulations pertaining to rollovers from IRA and 401K accounts….not because they are being dishonest…but more so because the rules are, at best, somewhat lacking in clarity.  H0wever, the primary emphasis of this previous blog was not aimed at the tax owner, but rather the financial…read more →

Checkbook Control 401K vs. Trustee Control 401K — What’s the Difference?

In the self-directed IRA and self-directed 401K industry, a very common marketing term often used to explain one’s potential to invest in assets other than stocks, bonds and mutual funds is “checkbook control IRAs or 401Ks” .  You know what I am talking about…..the “big boys” will  limit your investment options but you MIGHT have an interest in investing into…read more →