Posts Tagged "pgi selfdirected"

Disadvantages of an IRA Trust

In the previous blog we did a general comparison of the IRA LLC to the IRA Trust.  While the IRA LLC has, historically, been the “go to” self-directed IRA product, an IRA Trust is certainly making (and should be making) a name for itself as a possible better option.  But with what is good, many times there are potential negatives. …read more →

IRS Form 5500-EZ

With the recent pilot program for relief on penalties for late filings of the 5500-EZ (expired June 2, 2015), and with the formal adoption of an on-going program effective after the conclusion of the pilot program, we might as well stay on topic with another 5500-EZ consideration.  And, that is when must the Form 5500-EZ be submitted. What Does the…read more →

Solo 401(k) Plans — Beware of Common Law Employees

Had a call that I absolutely welcomed receiving today from a client.  The issue he raised can always be re-addressed with Trustees of 401(k) plans….and that is what issues should be considered if you are even thinking of hiring employees to your self-employed business.  Believe it or not, the issue of a business that sponsors a 401(k) plan adding ANY…read more →

401(k) Contribution Limits

401(k) Contribution Limits

Self-directed 401(k) contribution limits are the same as any other 401(k) plan.  As you continue through your fiscal year, keep in mind the high 401(k) contribution limits that are available to you and your plan, and plan accordingly.  Also, be cognizant of the fact that employee elective deferrals must be made by December 31 of the year in which the…read more →

401(k) Loans

Ah, the double-edged sword of 401(k) loans.  Most of us love them…even if it is only for the freedom we feel that they are available to us.  However, the double-edge of 401(k) loans is that while we have the freedom to take out the 401(k) loans, there is also the responsibility to repay the loan based on the requirements outlined…read more →

Operation of a Self-Directed 401K

The operation of a self-directed 401K is much more than just opening an account for the plan.  Unfortunately, that is how many people perceive it as the individual 401K plan has much less reporting requirements than its cousin, the multi-participant 401K plan.  While certainly not faced with the same type of reporting requirements, the operation of a self-directed 401K plan…read more →

Self-Administered 401(k)

The majority of references on websites (including this one) that refers to one’s ability to take investment control of their 401(k) plans refers to such plans as a self-directed 401(k).  This is certainly a common norm in the industry; however, is this term the most aptly suited for this self-directed arrangement?  Probably not.  Other than using this term for marketing purposes,…read more →

IRA LLC Valuations

Recently, I wrote a post related to IRA LLC valuations and the new requirements that custodians must follow effective in 2015.  These new IRA LLC valuations will place greater responsibility on the IRA custodian for a more accurate reporting of “hard to value assets.”  While the final requirements have not been communicated to custodians, there will be change to an account manager…read more →

Self-Directed IRAs & 401Ks – Who the Heck are Disqualified Individuals?!

Wanna self-direct? Make sure you follow this IRS Prohibited Transaction and your life will be easier!