In this brief video clip, listen to CPA/CFP Eric Wikstrom relate his experience from dealing with financial statements from large corporations during his auditing years, including during his employment at Arthur Andersen before it went down with … [Read more...] about Video: Financial Statements of Publicly Traded Companies. How reliable are they?
self directed
Lunch at the Fed
I recently attended a lunch discussion at the Fed building here in Denver hosted by the World Trade Center. The topic of discussion: The outlook for the U.S. Dollar. First, a Federal Reserve senior economist gave us an overview of what Fed is and how it works. Surprisingly, he was quite direct and … [Read more...] about Lunch at the Fed
My Meeting with the Social Security Administration
About 6 months ago, the Social Security Administration started calling my office asking to arrange a meeting with my IRAAA colleagues and I. For months I had shrugged it off because of the fact that many of my readers, customers, and colleagues plan their finances as if SSA will fail. Taking control … [Read more...] about My Meeting with the Social Security Administration
Video: Self Directed Solo 401k
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
Coinvesting with your plan / Partnering with disqualified persons
What if you could combine your retirement funds with your personal funds and additional monies from other family members? Well, you can... sort of. This question was asked and answered in a Department of Labor Advisory Opinion in July of 2000. Click that link above to read the opinion in its … [Read more...] about Coinvesting with your plan / Partnering with disqualified persons
The next big party
A recent Onion News article has hit dead on what is wanted right now by the masses of the American public. As ridiculous as this article sounds, this type of mentality is exactly what's been behind many "investment decisions" of the average American in recent past. Read the article here, and then … [Read more...] about The next big party
Entity (LLC) Maintenance – Keeping your Corporation or LLC Legitimate
****** A note from Jeff Nabers ****** I asked attorney Dan Marsh to shed a bit of light on entity maintenance and its importance. With a general purpose LLC, failing to properly maintain the entity can result in "piercing the veil" which means subjecting creditors to assets of the LLC owner(s). … [Read more...] about Entity (LLC) Maintenance – Keeping your Corporation or LLC Legitimate
Asset Protection: Multiple LLCs
LLC stands for limited liability company, and that is the primary purpose for forming such a legal entity. When you enter into a business transaction as an individual (aka sole proprietor), if somebody decides to sue you, all of your personal assets can be subjected to satisfying the law suit. The … [Read more...] about Asset Protection: Multiple LLCs