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
Solo 401k
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
Filing Deadlines: 5500-EZ & 990-T
5500-EZ for Solo 401(k) plans If your Solo 401(k) plan assets exceeded $250,000 in value in 2007, a 5500-EZ must be filed by July 30, 2008. This is an informational return used to report plan value to the IRS and does not require any tax payment. 990-T for IRAs with mortgage financed real estate If … [Read more...] about Filing Deadlines: 5500-EZ & 990-T
Checkbook Control 2.0 (for the self employed)
With tens of thousands of self directed IRA investors utilizing LLC structures to enjoy "checkbook control" authority of their self directed IRA investments, this post may serve as great news for those who aim to follow suit. Solo 401(k) retirement plans can grant direct checkbook control without … [Read more...] about Checkbook Control 2.0 (for the self employed)
Drum roll, please…
The intent of this blog is to share information relating to: Self-Directed IRAs Solo 401(k) plans Private investments Raising capital Making your money work for you Taking control of your investments In 2003, I started what grew into the IRA Association of America, an educational nonprofit … [Read more...] about Drum roll, please…