When converting to a Self-Directed IRA/401k, the reason to avoid custodians is simple. Well, there are 4 reasons really. UNNECESSARY DELAYS With a custodian, you give custody of your retirement funds to yet another financial institution who acts as a middleman. This means when you request a … [Read more...] about Due Diligence Tip #1 – Avoid Self-Directed IRA/401k Custodians
Real Estate Harsh Reality
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. … [Read more...] about Real Estate Harsh Reality
The Most Elusive & Dangerous Self-Directed IRA Practice
There's something that most "successful" Self-Directed IRA investors do that can spin them out of control and get them into trouble. I say "successful" in quotation marks because I'm talking about the particular kind of Self-Directed IRA success that is sexy enough to be frequently written … [Read more...] about The Most Elusive & Dangerous Self-Directed IRA Practice
Is the Health Care Bill a Distraction From What’s Next?
Everyone is talking about health care. "How could the politicians do this with a strong majority of American in opposition?" This video provides some insight into the never-ending string of government takeovers, and seeing the whole picture is alarming. One lesson from all of this is that … [Read more...] about Is the Health Care Bill a Distraction From What’s Next?
Internet Business Not Waiting For Government’s Proposed “Small Business Lending Fund”
“One of the issues is should we be spending 30 billion on small business investment when there’s this big deficit that we need to address and that certainly concerns me,” says Internet small business CEO, Elizabeth Pitt. She’s not alone. The cries to stop the government spending are being heard … [Read more...] about Internet Business Not Waiting For Government’s Proposed “Small Business Lending Fund”
Get 5 Steps to Freedom Book on Kindle Now!
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. … [Read more...] about Get 5 Steps to Freedom Book on Kindle Now!
Solo 401k Provides Unfair Tax Advantage For Self Employed Business Owners
Much Needed Tax Relief For 2009 Is Available, But You Must Open A Solo 401k By Dec 31st, 2009. Nabers says setting up and contributing to your Solo 401k before the end of 2009 will allow married couples to deduct up to $109,000 from their 2009 income taxes. Watch this video to learn more and pick up … [Read more...] about Solo 401k Provides Unfair Tax Advantage For Self Employed Business Owners
Getting Around Prohibited Transactions
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