tax

Landlording your IRA LLC's properties – Is it allowed?

A question I get all the time is "Can I personally mow the lawn, maintain, and/or repair properties owned by my IRA LLC?" My answer is "No" which usually creates the response "But another company said I could." First, let's summarize that the accountholder/participant of a retirement plan generally … [Read more...] about Landlording your IRA LLC's properties – Is it allowed?

Penalty Free Early Distributions

Probably one of the must unknown facets of retirement planning is that you can distribute before age 59 ½ for any reason without paying the extra 10% early distribution tax. How? Substantially Equal Periodic Payments Set a distribution schedule calculated using IRS tables The schedule must have … [Read more...] about Penalty Free Early Distributions

Grading Promoters – Waterford Financial Group… F

As a follow up to "Where to find reliable information", I want to let you know about another seemingly unscrupulous self directed IRA/401k promoter... Waterford Financial Group (www.thetrueira.com). Again, I've never spoken with them or dealt with them in any way, but one visit to their web page is … [Read more...] about Grading Promoters – Waterford Financial Group… F

Trust Yourself

In a world where we see stories unfold such as: Enron WorldCom Tyco Subprime mortgage crisis Mutual fund mortgage overexposure and misreporting Fannie Mae & Freddie Mac accounting scandals Insolvency of Investment Bank Bear Stearns ...most Americans are running low on trust when it … [Read more...] about Trust Yourself