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 →
You are probably wondering why I would have a video or Norm Macdonald on this blog. It is because the subject matter or IRS rollovers are, well, what should we say….boring!? But, while boring, it is vital that you know what the rules are so that you know how to execute the rollover. In this post, we will be focusing on…read more →
There is a lot of websites, companies and blog that tout the benefits of the self-directed IRA. Actually, all things being equal the self-directed 401K is probably a better option for most…as long as one qualifies for the 401K. That being said, let’s look at some common questions that are raised related to self-directed IRAs and 401Ks: 1) What is…read more →
Unfortunately, many people are unaware that they can invest their retirement funds in assets other than “traditional” assets such as stocks, bonds and mutual funds. Unfortunately, this prohibits them from investing in “non-traditional” assets (e.g., real estate) when they may want to make these investments. But, since brokerage firms and banks will only permit you to invest in their financial products,…read more →
“An individual retirement account (Page 7) is a trust or custodial account set up in the United States for the exclusive benefit of you or your beneficiaries. The account is created by a written document. The document must show that the account meets all of the following requirements. The trustee or custodian must be a bank, a federally insured credit…read more →
This was a recent comment made regarding a soon-to-be client after visiting with their CPA. While we do not hear this comment as much as we used to, we still do hear it. Whether it is our CPA, financial adviser or broker, the mantra can be the same: “The IRS doesn’t allow you to invest in assets like real…read more →
What DOES the IRS really think about people investing in real estate with their IRAs and 401Ks?
Learn why you might want to consider self-directing your retirement assets. Invest in traditional and non-traditional assets all from ONE account.
Well, while poker may be fun to play and tell stories about, it only serves in this article as an analogy with what may be happening with many individuals who are setting up self-directed IRAs and 401Ks. Many people are tired of the Wall Street yo-yo of up and down
Sooooo, is Wall Street a scam?! Well, actually, while we might believe it is at times, most likely it is not. But, with all the rash of problems in the market that has surfaced and continued to hold high its ugly head over the last couple of years, one does definitely wonder. Since, there are many articles and posts devoted…read more →