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?
tax
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
The Roth Assumption
We all have that friend who is financially irresponsible. You know, they have a new cell phone every time one comes out. They lease a brand new car every 2 years. Their credit cards are maxed out. And they don't really have a game plan on how to pay for the stuff they have. The best I can tell is … [Read more...] about The Roth Assumption
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
Solo 401(k) Nonrecourse Loans Now Available
For many real estate investors, leverage is a key factor to their plans for profits - leverage in the form of mortgage financing. When you introduce mortgage financing into Self Directed IRA ownership of real estate, a special tax called Unrelated Business Income Tax (UBIT) is triggered. The tax … [Read more...] about Solo 401(k) Nonrecourse Loans Now Available