There's something that most "successful" Self-Directed IRA investors do that can spin them out of control and get them into trouble. I say "successful" in quotation marks because I'm talking about the particular kind of Self-Directed IRA success that is sexy enough to be frequently written … [Read more...] about The Most Elusive & Dangerous Self-Directed IRA Practice
custodian
Get 5 Steps to Freedom Book on Kindle Now!
Finally! I've received many requests to make the book available in Kindle format. We started working on that about 6 months ago, and as of just a few days ago, it's available. Go here to purchase 5 Steps To Freedom on Kindle. The book is more than financial education... it's an action plan. … [Read more...] about Get 5 Steps to Freedom Book on Kindle Now!
Tax Return for UBIT – Does your retirement plan own leveraged real estate or an active business?
Just a quick, last-minute reminder... If your IRA owns mortgage-leveraged real estate, you owe UBIT. If your IRA or 401(k) owns an active business structured as a pass through entity (such as an LLC or partnership), you owe UBIT. If your 401(k) owns mortgage-leveraged real estate AND the … [Read more...] about Tax Return for UBIT – Does your retirement plan own leveraged real estate or an active business?
Warning: Don't let administrators act as custodian – Part 3
*** This is Part 3 of a series about the dangers of letting an administrator act as custodian. Make sure you read Part 1 and Part 2 first to make sense of this post. *** The illegitimate custodian test Ask "Who should the check be payable to for the rollover contribution or transfer?" Ask "If my … [Read more...] about Warning: Don't let administrators act as custodian – Part 3
Warning: Don't let administrators act as custodian – Part 2
*** This is Part 2 of a series about the dangers of letting an administrator act as custodian. Make sure you read Part 1 first to make sense of this post. *** Signs that your custodian may not really be a custodian They sometimes call themselves an administrator. "Administrator" is an accurate … [Read more...] about Warning: Don't let administrators act as custodian – Part 2
Warning: Don't let administrators act as custodian
To have a self-directed IRA, unlike a Solo 401k, you must have a self-directed IRA custodian... and you should stay away from unregulated companies masquerading as a custodian. A self-directed IRA custodian is one that will have less investment restrictions than the more common tradition … [Read more...] about Warning: Don't let administrators act as custodian
Why to self-trustee your Solo 401k plan: An argument for direct possession of your assets
We have seen some unbelievable things over the past few years... especially the past few months. The only thing certain is that there is a lot of uncertainty ahead. If you haven't already done so, right now I strongly suggest you watch the 30 minute condensed version of the film I.O.U.S.A. This film … [Read more...] about Why to self-trustee your Solo 401k plan: An argument for direct possession of your assets
Nabers Group Solo 401k vs. Custodian Solo 401k
After being asked "What's the difference between your Solo 401(k) and one offered by a custodian?" for the umpteenth time in the past few months, I figured it's about time to write a post about it. Why custodians exist IRAs are governed by section 408 of the Internal Revenue Code. There they are … [Read more...] about Nabers Group Solo 401k vs. Custodian Solo 401k