Self-Directed IRA & 401K Basics

What is a ROTH IRA (video)

What is an IRA (video)

A Self-Directed Case Study – An IRA or 401K for Jim & Susie?

Note from author: This blog will only identify certain benefits of a self-directed 401K vs. a self-directed IRA. Another blog post will identify additional benefits of the 401K over the IRA. In the blog post titled: “Can an IRA be Co-Jointly Owned (Remember the “I”)” (July 6, 2012), we spoke of Jim and Susie’s question about whether they could co-jointly…read more →

SD IRAs & 401Ks — Can They Take a Mortgage on Property?

Can IRAs be Co-Jointly Owned? (Remember the “I”)

The simple answer is…..NO! Why? Remember, the “I” in IRA stands for Individual, and not anyone else. While you can certainly make other individuals to beneficiary of your IRA, it is still YOUR IRA. So, with regard to a self-directed IRA, a typical question will be, “Is there any way my IRA and my wife’s IRA can be brought together…read more →

Wall Street Hasn’t Told You? Hush…

Wait, You Mean They Haven’t Told You??!! Here’s a question for you….do you believe that an individual, if they desire, should be able to invest in practically any investment they so choose OR be limited to only what Wall Street wants you to invest in and receives compensation for? I think you know the answer…why doesn’t Wall Street?

Prohibited Transaction — Probably the MOST Violated?

Self-Directed IRAs and Fraud? A Timely Warning

With doing blogs on the BawldGuy site, it is nice that the website owner is a person who, like many of us, cringes when stories come out related to scams and frauds. Besides the obvious pain that it causes to those who have been negatively affected by such schemes, it also makes no sense. True, many of these schemes tend…read more →

Prohibited Transaction — You Can’t Buy Property You Already Own!!

No. This would be considered a prohibited transaction (see IRC 4975). You may not purchase property which is currently owned by you or any other disqualified person. You would need to find another piece of Real Estate that you don’t already own to purchase.

The Dirty Bird Secrets of Self-Directed IRAs & 401Ks

  Ah, the dirty bird secrets of self-directed IRAs and 401Ks.  When most people ask why they haven’t heard of them, the blunt response is really “who do you think WOULD tell you about them?” Your Stock Broker?  They are going to limit your IRA and 401K  to investments that THEIR firm sells. Your Banker?  Well, besides the attractive offerings of…read more →