I am thankful for… November 27, 2008
Posted by Jeff Nabers in : Health, Money, Personal Enjoyment, Personal Productivity, Self Directed IRA Solo 401k , add a comment
…our current circumstances. Rather than ignore the current economic problems, I choose to acknowledge this elephant in the living room during our Thanksgiving holiday.
We are bombarded with headlines like “What will fix our economic problems?” It is absolutely silly. The recession is the solution to the problem of the asinine acts of American government, corporations, and consumers. There is no galactic lottery that our country can win. We have to play by the rules of the game that we started. No person or government can perpetually spend more money than they earn. Such behavior can only be temporary and always leads to self inflicted unpleasantness.
I truly am thankful for our recession because it should help cleanse our government and society of self destructive behavior. We are now forced to (more…)
Arkansas Couple Realizes the Benefit of Managing their Own Retirement Accounts November 26, 2008
Posted by connieoutreach in : real estate, Self Directed IRA Solo 401k , add a comment
The stock market implosion of 2008 has millions of Americans feeling financially helpless. Yet individuals who are investing their 401k & IRA money in ventures outside the stock market are singing a different tune. Janice and Jack Stoddard, real estate professionals in Arkansas, heard about self directed investing from a seminar that taught how to invest IRA money into real estate.
Energized by the idea, the Stoddards established two IRAs, rolling over money from their traditional IRAs to fund them. They used the IRAs to make small real estate transactions, purchasing and reselling property at a profit with all proceeds staying in the IRA.
In 2006, an opportunity to buy and then immediately re-sell 60 acres of undeveloped land at a profit came up. Concerns over structuring the deal and keeping everything above board led the Stoddards to consult with us at Nabers Group.
“Jeff helped us establish a Solo 401k that could be used to handle the 60 acre transaction. The Solo 401k was a key component to our funding because we were able to contribute 10 times more to it than we could to an IRA. Meanwhile, our son, who works in oil and gas, alerted us to keeping our eyes open for property with mineral rights for future transactions,” Janice says.
With the proceeds from the 60 acre sale, the Stoddards began (more…)
Solo401k.com Relaunched! November 25, 2008
Posted by Jeff Nabers in : Money, Personal Enjoyment, Personal Productivity, Precious Metals, real estate, Self Directed IRA Solo 401k , add a commentWe’ve just relaunched solo401k.com on this blogging platform to allow for regular information updates and easy navigation. I’ll be posting to this blog regularly. Use the categories at the bottom of the page to learn more about the world’s most powerful investment vehicle – the Solo 401k!
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Meet The Fed November 23, 2008
Posted by Jeff Nabers in : Money , add a commentI ran across this video recently. There are a lot of videos about the Federal Reserve, but this one is rather interesting because it contains a interview footage with their Corporate Communicaitons Officer. This isn’t some conspiracy theorist’s take on the Fed, it’s the Fed’s take on itself. You’ll probably be surprised from some of the information.
FYI – The interview itself starts at 3:39 in the video.
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