Self-Directed IRA Plans

Self-Directed IRA & 401k Prohibited Transactions — Ask Yourself Questions

Probably the best advice any person, blog, etc. can provide someone who is either self-directing their retirement assets or considering establishing a self-directed IRA or self-directed 401(k) plan is to seek out professional tax and/or legal guidance.  Sometimes in the moment of establishing their plans, individuals can make an assumption that such as endeavor is not difficult and, as a…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 →

When Might an IRA be Better than a 401K? Maybe with a QCD!

IRA, 401(k), QCD…sounds like going to school all over again.  However, in this case it would be the School of an IRA Benefitting a Charitable Organization (and, possibly, the IRA account owner as well!). For those of you who have read any of my past blogs, as a general rule (and assuming one qualifies for the 401(k)) the benefits of…read more →

Thinking About a Self-Directed IRA? Ever Thought of a 401(k)?!

I recently did a guest video blog for www.bawldguy.com.  The subject related to the benefits of a solo 401(k) plan vs. any IRA.  Are IRAs bad…of course not.  But, especially for an self-employed individual, I just don’t see the benefits of any IRA over a 401(k). One should understand that the potential penalties associated with a Prohibited Transaction within an IRA…read more →

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

Recently, I provided an educational video blog posting for BawldGuy (www.bawldguy.com).  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 & 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 Fees Higher than 401Ks — Consider Taking Control

Ah, when mud-slinging occurs between which retirement plan has the highest fees, IRA managers usually say that 401K plan fees are the bandits and vice-versa for the 401K plan managers talking about IRA fees.  But, is there some straight skinny on which retirement plan, generally speaking, has the highest fee structures? In a recent survey from Eric Rosenbaum of CNBC,…read more →