Many of our clients have reported back that when they got checkbook control of their retirement accounts, they got much more than an increased number of investment choices.read more
How NOT to use a Roth IRA By Jordan Sheppherd A little over a year ago, a court case came out involving a Roth IRA/Corporation structure, the facts of which are almost comical. The case is Polowniak v. Commissioner TC 2016-31. You can see it on the US Tax Court’s...read more
Many clients are ready to make their contributions for 2016 or get a head start on 2017 (click here for information regarding IRA limits) but are unsure of the process of making contributions to their Check Book IRA.read more
They say it’s never too late to learn something new… but I would also argue it’s never too soon to start looking ahead, and that includes saving for retirement.read more
Each year I hear from clients who need to make address or Successor Manager changes to their Operating Agreement but are unsure of how to proceed.read more
The biggest takeaway from this article is that now is the best time to take full control of your retirement savings and investments!read more
Because most people are used to contributing cash to a retirement account, it’s easy to think that cash and only cash can be contributed. For an IRA this is certainly true, but not for a Solo 401(k).read more
The number of people starting a Check Book IRA or Solo 401(k) is increasing dramatically. The One question that commonly surfaces is: “Now what?”read more
Here are six tips for any first time real estate flipper or for the seasoned veteran to remember.read more
Every day, clients ask how they can get checkbook control of their SEP. While you can set up a SEP CheckBook IRA, the Solo 401(k) is a much better option, as you will see below. It’s a much stronger plan and gives you many more options to maximize your income deferment and investment options.read more
Everyone knows this year’s Presidential election has been one of the most contentious and nasty elections in recent memory. We’ll have to wait and see where things settle, but in the meantime, some people are worried about how the market will react to the election of either candidate.read more
Every day we talk to people who believed, when they setup their Self-Directed IRA elsewhere, that they were getting complete control of their Individual Retirement Account or 401(k).
Then the reality sinks in. Although they have widened their investment options, their Retirement Accounts are still under the control of a custodian to make and manage their investments.read more
A Great Way for the Novice Investor to get in on the Real Estate Boom.
Everyday, I talk to people who want to jump in the real estate market to get higher returns on their IRA or Solo 401(k) investments. The Checkbook IRA and Solo 401(k) are perfect vehicles for this.read more
Every day, we talk to clients who have invested in various metals, like Gold, but are confused about what they actually own. Some have certificates and serial numbers with the depository listed, while others only have a certificate to supply the metal upon their demand.read more
There are several reasons a manager might want to add funds to their IRA LLC, the most common being an annual contribution. However they may want to close other IRA accounts and move them into the CheckBook IRA to have better access. Also, don’t forget that when you leave your employer or you turn 59 1/2 you may move your 401(k) into your IRA LLC.read more
One of the advantages of the Solo 401(k) is the ability to buy real estate in a foreign country. The problem with buying property in another country is that every jurisdiction has its own rules and regulations. In some cases, you have to be a member of a local corporation, or a domestic corporation if you are a foreigner. Some cases, the corporation has to have, possibly, a local attorney. Every country has its own rules. And it is nearly impossible to use your retirement plan if there is a custodian or trustee involved.read more
Realtors: “Would you like fries with that?” By Steve Sheppherd Any real estate investor will tell you that an excellent real estate agent can be a real asset. However, in my experience most real estate agents are simply order takers. The only difference is that...read more
Why is the Solo 401(k) so simple? I mean a lot of people have some sort of an idea about the complexity of a regular 401(k). But, why is the Solo 401(k) so simple?
Well frankly, when they set up the retirement programs, it is the company that sponsors the plan. So the company says,
Are you looking for a Private LLC structure for your real estate or other ventures that allows you to have complete anonymity for your business and investment assets, plus asset protection?
How about no state taxes nor any annual reporting, that means zero public record disclosures?
One of my favorite investments, for really a lot of reason, is the Three Texas Cowmen. Two of them own ranches and one of them owned what is called a feed lot where when the cattle get to be a certain age they take them to this feed lot and they feed them corn. It is kind of like going to grandma’s for Thanksgiving. You just eat all you can eat, and that’s a feed lot.read more
Some of our clients with the solo 401(k) would like to add an LLC. Perhaps for anonymity, that is what they wanted to do. And that is not an issue at all.read more
People are asking themselves this question every day. With many brokerages and investment advisers touting their expertise and road to a comfortable retirement people questioning more and more what is the best vehicle to assure a nest egg for the future. Many people have great success using CheckBook IRAs to diversify their investments.read more
It’s nice not to have a custodian or a trustee. In a 401(k), you are the plan administrator, so there is no requirement for a trustee. You just have to have an account at a bank. You are the plan administrator, so you make all the reporting; but there’s really no reporting to be done. Normally the custodian takes care of all that. But in this case, until the plan reaches a value of $250,000, there is no reporting to the IRS on an annual basis. None. Now, you’ll get some issues whenever you start taking distributions, and so forth, but the reporting is just negligible. As a result, as a plan administrator, your job’s a lot easier.read more
If there’s one thing I learned while remodeling and flipping 50 houses in South Bend Indiana, it’s that subcontractors can make you or break you. I had my share of mistakes, but I did eventually learn. What I’d like to share with you in this Manger Report, are the most important points I gleaned from that experience. If you will listen, these things can save you thousands of dollars, and much indigestion.read more