Comments on: Trust Yourself http://www.jeffnabers.com/2008/04/23/trust-yourself/ The No-B.S. Guide to Building Real Wealth in Your Self-Directed IRA or Solo 401k Sat, 17 Dec 2011 03:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeff Nabers http://www.jeffnabers.com/2008/04/23/trust-yourself/comment-page-1/#comment-330 Jeff Nabers Tue, 25 Nov 2008 02:59:41 +0000 http://nabersgroup.wordpress.com/?p=35#comment-330 The IRS doesn't make the law; Congress does. Ask for the legal citation, and they will probably either site nothing or site something that's not applicable. The IRS doesn’t make the law; Congress does. Ask for the legal citation, and they will probably either site nothing or site something that’s not applicable.

]]> By: JOSEPH A ACCARDI http://www.jeffnabers.com/2008/04/23/trust-yourself/comment-page-1/#comment-329 JOSEPH A ACCARDI Tue, 25 Nov 2008 01:33:34 +0000 http://nabersgroup.wordpress.com/?p=35#comment-329 Jeff...I was told by an IRS representative that if you transfer tax deferred monies out of the USA it is then considered a distribution & therefore becomes taxable. Joe Jeff…I was told by an IRS representative that if you transfer tax deferred monies out of the USA it is then considered a distribution & therefore becomes taxable.
Joe

]]> By: Jeff Nabers http://www.jeffnabers.com/2008/04/23/trust-yourself/comment-page-1/#comment-328 Jeff Nabers Mon, 24 Nov 2008 06:45:40 +0000 http://nabersgroup.wordpress.com/?p=35#comment-328 Joseph, We are in the works of developing a service to help our customers do just that. IRAs & 401k plans are both technically trusts. Any bank in any country who will open a checking account for a U.S. trust will effectively open a checking account for a retirement plan. The trick is that my company is one of the only in existence who will setup your plan to name yourself as trustee. For more details, call my office at 877-903-2220. I look forward to speaking with you. Jeff Joseph,

We are in the works of developing a service to help our customers do just that.

IRAs & 401k plans are both technically trusts. Any bank in any country who will open a checking account for a U.S. trust will effectively open a checking account for a retirement plan.

The trick is that my company is one of the only in existence who will setup your plan to name yourself as trustee. For more details, call my office at 877-903-2220. I look forward to speaking with you.

Jeff

]]> By: JOSEPH A ACCARDI http://www.jeffnabers.com/2008/04/23/trust-yourself/comment-page-1/#comment-327 JOSEPH A ACCARDI Sat, 15 Nov 2008 04:08:09 +0000 http://nabersgroup.wordpress.com/?p=35#comment-327 Question...Can I open a foreign bank account and transfer my existing qualified IRA assets to an IRA with that country's currency? I understand of course, that any funds that I withdraw from that account would have to be taxed by the IRS. Is this possible? My whole purpose is to protect against a failing US dollar by tranferring my assets to a stable foreign bank with a different currency (for example, a Swiss Bank Account with francs as the currency). Please advise. Thank you. Question…Can I open a foreign bank account and transfer my existing qualified IRA assets to an IRA with that country’s currency?
I understand of course, that any funds that I withdraw from that account would have to be taxed by the IRS. Is this possible?
My whole purpose is to protect against a failing US dollar by tranferring my assets to a stable foreign bank with a different currency (for example, a Swiss Bank Account with francs as the currency). Please advise. Thank you.

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