[This is a continuation of a previous post. You should read that one first so this makes sense.] The IRS Responds For the first time ever, the IRS actually addressed the "financing a small business with an IRA or 401(k)" strategy. They called it "ROBS" for "roll over business startup," and issued … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 2)
401k
Hiring new liberty-oriented PR specialist immediately!
Our publicist has done a great job getting the word out about Self-Directed IRAs, and my various writings and products related to independence, economics, investing, and freedom. But, alas, the time has come to replace our publicist. So here's what we're looking for: Very freedom/liberty-oriented … [Read more...] about Hiring new liberty-oriented PR specialist immediately!
Is the Departure from 401(k) Perks a Bad Thing?
You can’t pick up a newspaper today without hearing bad 401(k) news: Companies have cut their 401(k) matches, lessening incentives for employees to make contributions. 401(k) fees are confusing and exorbitant. Employer-sponsored plans are filled with nothing but dog investments packaged for … [Read more...] about Is the Departure from 401(k) Perks a Bad Thing?
Are We Putting All Our Eggs in One Basket?
The Wall Street Journal reported on a study that $14 trillion dollars were being held in retirement assets in 2008. Sixty-five percent of that total was in employer-sponsored defined contribution plans and about 25% of those assets were held in IRAs. Now don't you think that is a lot of dough … [Read more...] about Are We Putting All Our Eggs in One Basket?
How to break America’s 401(k) addiction
[Contributed by reformedinvestor] This is my favorite excerpt taken from the interview between Steve Kroft of 60 Minutes and Brooks Hamilton, who Kroft interviewed in his expose on 401(k)s. Hamilton is an expert in designing retirement plans for large corporations. “The fact is that the … [Read more...] about How to break America’s 401(k) addiction
Who will arrest the investment police?
An unsurprising story surfaced a couple of days ago... SEC attorneys are under investigation for insider trading! If you can't truly value that exclamation point I just used, let me help you. The Securities & Exchange Commission (SEC) is a government organization that was formed to convince … [Read more...] about Who will arrest the investment police?
Is my home an investment?
Recently I received a question from somebody looking into self-directed IRA/401(k) investment for themselves. They said, "I ran this by my financial planner in New York who said to roll over my IRA to put some of its money into my home is illegal." This statement is technically correct. Putting IRA … [Read more...] about Is my home an investment?
Eric Wikstrom does not work for Nabers Group
Just a quick announcement: Eric Wikstrom doesn't work for Nabers Group. In December an employment agreement was reached for him to work for Nabers Group starting January 1, and the news was leaked to a few people - I'm not sure how many. But, ultimately, the employment was not followed through … [Read more...] about Eric Wikstrom does not work for Nabers Group