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Video: Self Directed Solo 401k July 31, 2008

Posted by Jeff Nabers in : Self Directed IRA Solo 401k , add a comment

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. (more…)

How to accurately refer to time zones (Correcting a common mistake) July 28, 2008

Posted by Jeff Nabers in : Health, Personal Productivity , add a comment

When’s the last time your got an email saying something like “Ok, I will call you at 2:00 pm EST”?

If it’s been within the last couple of months, there’s an error.

EST = Eastern Standard Time
CST = Central Standard Time
MST = Mountain Standard Time
PST = Pacific Standard Time

I’m sure this isn’t news to you… but this probably is: (more…)

Coinvesting with your plan / Partnering with disqualified persons July 24, 2008

Posted by Jeff Nabers in : Self Directed IRA Solo 401k , add a comment

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 entirety, but here’s my summary in its most basic form:

Your plan can partner with disqualified persons in certain situations, BUT there are many possibilities for a prohibited transaction in operating the partnership.

A prohibited transaction is when a retirement plan transacts with a disqualified person. The DOL Opinion says (more…)

Follow Up: 30 Day Challenge – Can you do without TV? July 22, 2008

Posted by Jeff Nabers in : Health, Personal Enjoyment, Personal Productivity , add a comment

It’s been 30 days since I put out the challenge to not watch TV for a month. Speak up and share your experience.

Here’s what I found over 7 years ago when I stopped watching TV…

  1. More time – This is pretty simple. The average American adult watches 5 hours of TV per day. Convert some of that into work or starting a business to increase or replace your income. Convert some of it into personal enjoyment.
  2. Lower discretionary spending – I am susceptible to materialism. When I allow my brain to be bombarded with advertising, it creates a desire to buy things, and I act on it. Advertising continues to happen because it works. The fact that it works means that (more…)