Each year entrepreneurs pitch Venture Capital firms in hopes that their startup company or business expansion will get funded by them. The vast majority do not get funded. Furthermore, "getting funding" almost always means the entrepreneur must sell a sizable piece of his company to the VC. Getting … [Read more...] about The Next Generation of Small Business Funding
Prohibited transactions is a chief topic when exploring self-directed IRA & Solo 401(k) investing. When a person first discovers that his retirement accounts have been chained to Wall Street brokerages without necessity, his mind starts to imagine the possibilities. Real Estate? Yes. Private … [Read more...] about Getting Around Prohibited Transactions
My new article on Forbes.com... -------------- For entrepreneurs, getting through these financially turbulent times may require some imaginative [read whole article on Forbes.com] … [Read more...] about Bail Yourself Out
Just a quick, last-minute reminder... If your IRA owns mortgage-leveraged real estate, you owe UBIT. If your IRA or 401(k) owns an active business structured as a pass through entity (such as an LLC or partnership), you owe UBIT. If your 401(k) owns mortgage-leveraged real estate AND the … [Read more...] about Tax Return for UBIT – Does your retirement plan own leveraged real estate or an active business?
I recently sat down with Eric Wikstrom - CPA, CFP, & Founder of Integrated Wealth Strategies. In this segment we briefly discuss the Solo 401k and how it differs from a Self Directed IRA. The following clip observes the benefits of unrestricted investment choices. … [Read more...] about Video: Self Directed Solo 401k
Solo 401(k)'s most touted feature is its uniquely large annual contribution limits ($46k - $102k). A lesser known feature may be just as useful for some: participant loans. What is a participant loan? A Solo 401(k) participant can borrow up to either $50,000 or 50% of their account value with the … [Read more...] about Borrowing money from your Solo 401(k)
Do you have an IRA/401k-owned investment property that has a mortgage and negative cash flow? Something I've been running into lately is Self Directed plan investors who speculatively bought a house or condo in previously hot markets (think Vegas, Florida, Phoenix, etc). Some of these areas have … [Read more...] about Loaning money to your IRA/401(k)