*** 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
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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
Meet The Fed
I ran across this video recently. There are a lot of videos about the Federal Reserve, but this one is rather interesting because it contains a interview footage with their Corporate Communicaitons Officer. This isn't some conspiracy theorist's take on the Fed, it's the Fed's take on itself. You'll … [Read more...] about Meet The Fed
The impossibility of bailout success and the guaranteed alternative success plan that depends on you
This is a message of prosperity rather than doom and gloom. Read through to the end. A tremendous amount of homeowners are facing foreclosure. CNN Money reports foreclosures are up over 70% from this time last year. Banks are failing left and right, but let's just take a look at the bailout concept … [Read more...] about The impossibility of bailout success and the guaranteed alternative success plan that depends on you
This stock market collapse started in 1999
The following charts should look familiar to you: These charts (above) show you the historical account of pricing for the Dow Jones Industrial Average and the Standard & Poor 500 stock indexes. The following chart (below) is also a historical account of pricing for the Dow Jones Industrial … [Read more...] about This stock market collapse started in 1999
Home prices have returned to 1997 levels
One of the reasons that everyone seems to act so surprised at the "economic meltdown" is because we measure everything in U.S. Dollars while paying little attention to the value of the dollar itself. The dollar is a floating currency. The amount of dollars in circulation can dramatically increase or … [Read more...] about Home prices have returned to 1997 levels