Self-Directed IRA Plans

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 →

IRA and 401K Rollovers — Is this a Horror Movie?!

IRA and 401K Rollovers — Ugh, rules for such rollovers are often misunderstood, questionable in their clarity and often mishandled by honest, tax-paying account owners.  In fact, the rules are often so much misunderstood by many that the IRS often reviews exception requests by individuals requesting relief of rollover tax penalties….not because they were trying to break a rule BUT…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 401K — How About NO CUSTODIAN Requirement?!

Ah, you have done all your research on self-directed IRA plans, you learn about all the IRS regulations and Prohibited Transactions affecting both IRA and 401K plans, and you even are trying to determine whether you should establish a Roth IRA or possibly do a Roth IRA conversion with your current funds. Undoubtedly, in your research, you quickly learned that…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 →

Your IRA or 401K Broker — An Oldie, but a Goodie!

First of all, I hope all of you had a wonderful 4th of July holiday. Certainly realizing that very few of us will probably actually be working on this day (July 5), I wanted to post this funny video because I believe at various times in all of our lives, we have experienced a similar experience to what is 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 →