The #1 Resource for Successful Self-Directed IRA/401k Investors

What Is The Family IRA LLC?

See that? That’s the rock I’ve been hiding under. At least that’s probably what you think since my blog has been pretty quiet for a few months.

In reality, the past few months have been more productive than usual, but it’s been a lot of “behind the scenes” happenings that don’t automatically turn into blog posts.

Today I ran across something that I thought you should know about.

The Family IRA LLC

It’s an LLC that is owned by the IRAs of multiple family members. Sounds neato, right?

Well, bluntly… it’s illegal. Specifically, the government already said so, as I enlightened you a couple of years ago when I was all wrapped up in technical research and reporting.

Why do people promote the “Family IRA LLC”? Well, because this stuff is confusing, and I found out years ago I’m the only person in the world who goes to the government to ask for clarification.

Every time I visit my government agents friends in D.C. I always ask, “Has anyone else come to you from the self-directed IRA and 401(k) industry to get to the bottom of what strategies are legal and what are not?”

“Nope.”

Year after year, and so it goes.

That’s why this blog is free. And that’s why I’m creating more free education as we speak to be available through the IRA Association of America.

I want to make sure everyone who hears a sales pitch about a too-good-to-be-true loophole-ish strategy can search Google and get a dose of reality about what can and can’t be done.

There’s just too many amazingly powerful and effective non-Wall-Street investment strategies out there that are 100% legal… to be messing around with shenanigans.

Why You Can’t See My New Projects

I’ve been focusing on helping people who are serious about intelligently protecting and building their wealth.

On the internet, I think there is the random web visitor, the blog subscriber, the email subscriber, and the customer.

Each type more serious than the previous.

So if you are more serious about controlling the outcome of your financial journey, and you are past the “surfing to kill time” or “dreaming” stage, make sure you get on my email list so you don’t miss out on all the giveaways and new product launches I send out to my email list. You can get in on the fun right here, right now.

Comments

  1. thanks, jeff.

  2. I have heard of this retirement structure before, and when I saw this post I got excited to hear more from someone knowledgeable.. Well…I had no idea it was “illegal”!! So how are these companies getting away with selling and promoting this structure?

  3. Jeff Nabers says:

    Amber,

    There’s a common thought that illegal activities get caught and that the government protects us from bad things and illegal things (which are often not one in the same).

    This thought is false. Most incidents of law breaking do not get caught because it is impossible to entirely oversee and control markets and people.

    As is always the case, the individual is responsible for his/her situation. On this topic, the individual investor is responsible for whether or not he/she follows promoters of illegal schemes.

    In that respect all the “we’re the government and we’ll protect you” nonsense is actually harmful because it causes people to reduce their awareness of their own self-responsibility.

    – Jeff

Speak Your Mind

*

© Copyright 2008 - Nabers Financial Inc | Terms & Conditions