Investor & Explorer
There’s been a lot of talk out there about the government taking away retirement accounts, just like has been done in Portugal, Poland, and already for some in the U.S.
For years, I’ve been teaching how to block that kind of thing from happening to you and keep your retirement funds safe 🙂
For the latest training and exclusive subscriber content, make sure your subscribed to my email list over on the right side of this page >>>
You may be wondering why I haven’t blogged about real estate investing in a while. There’s a very good explanation video at Nabers.TV for you to check out.
In the last post, you learned about how doing an active “entrepreneurship-ish” deal inside your IRA is an open invitation for the IRS to tax the hell out of you.
In this post, you’ll learn the solution.
The solution is to structure both your active entrepreneurship and your passive investment activity in a way that that puts you in the most control. Put another way, avoid giving the IRS an open invitation to tax attack you.
I bet you can guess where this is going (one commenter had a pretty good [Read more…]
Finally! I’ve received many requests to make the book available in Kindle format. We started working on that about 6 months ago, and as of just a few days ago, it’s available.
Go here to purchase 5 Steps To Freedom on Kindle.
The book is more than financial education… it’s an action plan. And it’s more than only an action plan… it’s a proven action plan backed by over a dozen cases studies. It shows you true stories of friends and clients who have found massive success in their self-directed wealth management.
You’ll find that most [Read more…]
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 Businesses? Sure.
Precious Metals? Absolutely.
Getting my hands on my retirement money now? Slow down there.
There are two types of limitations on the average retirement account. One is an unnecessary restriction of investment options to securities products. That can be eliminated through restructuring your accounts and funds. The second limitation is legal and cannot be removed.
Setting up a self-directed IRA or 401(k) is about removing limitations. Once you have it setup outside the nearly monopolistic network of securities dealers, you can invest in almost anything… but you must fully understand the legal limitations.
The general premise behind prohibited transaction rules is that the government wants you to grow your retirement account as big as possible because they plan to tax it later on when you distribute the funds to yourself for spending. Without prohibited transactions rules, anyone in their right mind would [Read more…]
* DISCLAIMER
The information contained throughout this web site is not a substitute for professional advice you would receive from an accountant, attorney, or qualified tax preparer. The information provided does not constitute legal or professional advice nor is it conveyed or intended to be conveyed in the course of any adviser-client discourse, but is intended to be general information with respect to common business issues. If you enter your email address on our web site, you are also requesting and agreeing to subscribe to our free email newsletter, and you can unsubscribe anytime if you don't love it. References to investment performance of any kind is for illustration purposes only. Nothing in the information provided is an offer to transact securities or a promise of results, or tax, legal, or investment advice. Investing involves risk and there's no way to change that, so we invite you to make smart decisions managing that risk.
