I recently sat down with Eric Wikstrom - CPA, CFP, & Founder of Integrated Wealth Strategies. In this segment we briefly discuss the Solo 401k and how it differs from a Self Directed IRA. The following clip observes the benefits of unrestricted investment choices. … [Read more...] about Video: Self Directed Solo 401k
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The Roth Assumption
We all have that friend who is financially irresponsible. You know, they have a new cell phone every time one comes out. They lease a brand new car every 2 years. Their credit cards are maxed out. And they don't really have a game plan on how to pay for the stuff they have. The best I can tell is … [Read more...] about The Roth Assumption
Prohibited Transaction Basics
The most notable difference between endeavors down the path of using a self directed IRA versus traditional investing is the unique rules that apply to the former. The extremely simple rule is that an IRA (specifically) cannot buy life insurance or collectibles (such as rugs, works of art, alcohol, … [Read more...] about Prohibited Transaction Basics