Jeff Nabers

 

Nabers Wealth     Solo 401k     ———

irs

Coinvesting with your plan / Partnering with disqualified persons

What if you could combine your retirement funds with your personal funds and additional monies from other family members? Well, you can... sort of. This question was asked and answered in a Department of Labor Advisory Opinion in July of 2000. Click that link above to read the opinion in its … [Read more...] about Coinvesting with your plan / Partnering with disqualified persons

Filing Deadlines: 5500-EZ & 990-T

5500-EZ for Solo 401(k) plans If your Solo 401(k) plan assets exceeded $250,000 in value in 2007, a 5500-EZ must be filed by July 30, 2008. This is an informational return used to report plan value to the IRS and does not require any tax payment. 990-T for IRAs with mortgage financed real estate If … [Read more...] about Filing Deadlines: 5500-EZ & 990-T

What's so special about the IRA LLC?

Ahhh... the single most mis-answered question in the self directed IRA world: Customer: I've noticed it costs more to setup an IRA LLC than it does a general purpose LLC. What's so special about the IRA LLC? LLC Facilitator: The Operating Agreement has special language. Putting together an IRA LLC … [Read more...] about What's so special about the IRA LLC?

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?

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

What is the Plan Asset Rule?

The plan asset rule, among other things, is used to determine whether or not a retirement plan is involved in a prohibited transaction. A PT happens when a plan enters into a transaction with a disqualified person. In our previous post, we covered how to make a list of disqualified persons for a … [Read more...] about What is the Plan Asset Rule?