Posts Tagged "retirement"

Beneficiary Mistakes — Self-Directed 401(k) or IRA (Part 2)

In the previous post, we introduced three potential beneficiary designation mistakes.  In this post, we will point out a few more. Don’t Name Your Kid! This is not meant as harsh as it sounds.  As with other considerations, this relates to the issue of age.  There are WAAAAY too many people who identify their minor children as either a primary…read more →

Self-Directed IRA and 401(k)s — Non-Traditional Assets

You have done some research on various websites related to self-direction.  It doesn’t matter whether it is a self-directed SEP-IRA, Roth IRA, Traditional IRA or SIMPLE IRA.  Or if it is a 401(k) plan, which is also marketed as Uni-K, Solo-K, self-directed  401(k) and self-administered 401(k), one basic tenet is still in play…they can all be self-directed.  In learning more…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 →

Self-Directed 401k Plans — When Life is Going Well?

This is a post I like to re-visit from time to time. I think one trait that can affect all of us is that when times are bad, boy are they bad.  And, when times are good, well, they are good.  That’s human nature to be swayed by polar opposites that may affect us. With the financial markets reaching unsurpassed highs, it…read more →

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 →

Self-Administered 401k Plans — It’s More than Having Control

We all get it…there are a lot of benefits to being the Trustee of your own 401k plan.  The ability to control your own 401k plan and invest the funds of that plan into assets that you believe are in the best interests of the plan. That freedom to invest in a world that can certainly include stocks, bonds and mutual funds,…read more →

Self-Directed 401k Plans — Purchasing Life Insurance?!

There are many financial experts who adamantly state that qualified plans funds (e.g., 401k) should never be used to purchase life insurance.  However, there is a movement that is a brewing where more and more individuals are considering investing into life insurance contracts….typically through life cash value policies.  While this post is not providing financial advice, probably the safe rule…read more →

401k Plan Fees — 1.3%!!

A recent article on msn.com pointed out the perils associated with many 401k plans and high 401k fees.  It seems as if administering those 401k plans is quite an expensive undertaking. Of course, those of you who have read posts on this site before understand that most posts are geared at a self-directed 401k for a self-employed individual.  The benefits associated…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 →

Self-Directed 401K Fees — One Time Fee or Transaction Fees?

It used to be that no one knew what self-directed 401K plans were, let alone knowing the differences between 401K plans established with one-time fees, plans with transaction fees and the difference between the two.  Should one pay a lower fee but continue to pay annual maintenance and transaction fees?  That’s up to the account holder.  But, one should know…read more →

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