[This is a continuation of a previous post. You should read that one first so this makes sense.] The IRS Responds For the first time ever, the IRS actually addressed the "financing a small business with an IRA or 401(k)" strategy. They called it "ROBS" for "roll over business startup," and issued … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 2)
self directed
The End of Small Business Financing with IRA and 401k Funds? (Part 1)
Guidant calls it Audeo. Benetrends calls it Rainmaker. SDCooper calls it ERSOP. It goes by many names and it's gotten a lot of attention from the franchise industry and, as of about a year ago, the IRS. The IRS calls it "ROBS" for Roll-Over Business Startup. What is it? It's a strategy where a … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 1)
Getting Around Prohibited Transactions
Prohibited transactions is a chief topic when exploring self-directed IRA & Solo 401(k) investing. When a person first discovers that his retirement accounts have been chained to Wall Street brokerages without necessity, his mind starts to imagine the possibilities. Real Estate? Yes. Private … [Read more...] about Getting Around Prohibited Transactions
Hiring new liberty-oriented PR specialist immediately!
Our publicist has done a great job getting the word out about Self-Directed IRAs, and my various writings and products related to independence, economics, investing, and freedom. But, alas, the time has come to replace our publicist. So here's what we're looking for: Very freedom/liberty-oriented … [Read more...] about Hiring new liberty-oriented PR specialist immediately!
Is the Departure from 401(k) Perks a Bad Thing?
You can’t pick up a newspaper today without hearing bad 401(k) news: Companies have cut their 401(k) matches, lessening incentives for employees to make contributions. 401(k) fees are confusing and exorbitant. Employer-sponsored plans are filled with nothing but dog investments packaged for … [Read more...] about Is the Departure from 401(k) Perks a Bad Thing?
How to break America’s 401(k) addiction
[Contributed by reformedinvestor] This is my favorite excerpt taken from the interview between Steve Kroft of 60 Minutes and Brooks Hamilton, who Kroft interviewed in his expose on 401(k)s. Hamilton is an expert in designing retirement plans for large corporations. “The fact is that the … [Read more...] about How to break America’s 401(k) addiction
Bail Yourself Out
My new article on Forbes.com... -------------- For entrepreneurs, getting through these financially turbulent times may require some imaginative [read whole article on Forbes.com] … [Read more...] about Bail Yourself Out
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?