I just started watching the State of the Union address on Youtube and was immediately sickened. I guess I should tell you that I've been physically ill since last weekend, but Obama's speech isn't helping. It was way too reminiscent of the scenes in the book (or movie) 1984 where the public is … [Read more...] about The Hidden Meaning Behind the State of the Union Address
Ok, now it's time to solve the mystery. (Final Post) [see previous here] In 1978 Jimmy Carter reorganized the government with this order, and this took the issue of retirement account prohibited transactions away from the domain of the IRS and gave it to the Department of Labor (DOL). This fact … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 3)
[This is a continuation of a previous post. You should read that one first so this makes sense.] The IRS Responds For the first time ever, the IRS actually addressed the "financing a small business with an IRA or 401(k)" strategy. They called it "ROBS" for "roll over business startup," and issued … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 2)
Guidant calls it Audeo. Benetrends calls it Rainmaker. SDCooper calls it ERSOP. It goes by many names and it's gotten a lot of attention from the franchise industry and, as of about a year ago, the IRS. The IRS calls it "ROBS" for Roll-Over Business Startup. What is it? It's a strategy where a … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 1)
While everyone argues about what the government should be doing, 2 very fundamental factors are ignored. In this video I discuss those factors. One thing I didn't include … [Read more...] about Why Does Government Fail?
An unsurprising story surfaced a couple of days ago... SEC attorneys are under investigation for insider trading! If you can't truly value that exclamation point I just used, let me help you. The Securities & Exchange Commission (SEC) is a government organization that was formed to convince … [Read more...] about Who will arrest the investment police?
Blogger, owner of the Dallas Mavericks, chairman of HDNet, and billionnaire Mark Cuban poses the question: Was Madoff a better investment than your mutual fund. Surprisingly, his answer is yes. To see why, read his post. … [Read more...] about Was Madoff a Better Investment Than Your Mutual Fund?
*** This is Part 3 of a series about the dangers of letting an administrator act as custodian. Make sure you read Part 1 and Part 2 first to make sense of this post. *** The illegitimate custodian test Ask "Who should the check be payable to for the rollover contribution or transfer?" Ask "If my … [Read more...] about Warning: Don't let administrators act as custodian – Part 3