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This Seems Too Easy, What Mistakes Could I Make?

This Seems Too Easy, What Mistakes Could I Make?

When looking at the different road maps and reading the website, there seems like very few rules for something that we have been told is very complicated. The rules of Checkboook IRA LLC and the Solo 401(k) are very simple.

Here are a few tips to stay on the right side of the rules:

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Is Crypto Currency for You?

Is Crypto Currency for You?

Most self-directed plans allowing Bitcoin or other Crypto assets are extremely expensive to maintain and don’t allow you the ability to move money back and forth to different investments. This is why our Checkbook IRA or Solo 401k are such good choices for these types of investment.

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Do I Need a Labor Law Poster?

Do I Need a Labor Law Poster?

In summary, don’t fall for the Labor Law Poster scam. Posters aren’t required if you have no employees. With Check Book IRA LLC structure, you are a Manager, not an employee.

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3 Important Factors to Consider When Investing in Vacation Rentals

3 Important Factors to Consider When Investing in Vacation Rentals

You are probably wondering why we would talk about vacation rentals a few days before Christmas, but surprisingly this is the time of year when people think most about their investment strategy for the upcoming year. More people working remotely and spending a portion of the year in vacation areas thus igniting areas that used to only be getaways.

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Solo 401(k) Clients – Distribution Processing Firm Recommendation

Solo 401(k) Clients – Distribution Processing Firm Recommendation

For all of our current and future Solo 401(k) clients, I would like to recognize a company named PenChecks. This company specializes in (among other things) processing all the documents and tax payments for 401(k) distributions, including withholdings. We’ve been referring clients on an individual basis for awhile now, and I’ve been impressed with their services.

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A Different way to Flip Homes

A Different way to Flip Homes

This is just another Idea to fill a need in the housing market for there are some good people who can’t qualify for a long term mortgage or haven’t saved for a down payment and this way they can eventually get their home and you have gotten a solid investment return.

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Tips to Make Sure Your Flip Doesn’t Flop

Tips to Make Sure Your Flip Doesn’t Flop

We have many clients who use their Solo 401k’s and Checkbook IRA’s to invest in Real Estate by getting in on the flipping craze that has swept the country. While the TV shows and seminars make it seem easy and there’s a pot of gold just sitting there for the taking, but getting started can be an overwhelming experience.

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What to Look for in an Advisor

What to Look for in an Advisor

A Certificate of Good Standing IS NOT mandatory and can be purchased directly from the Secretary of State’s office at a fee that is usually significantly less than the Certificate Services company offers.

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Do I Need a Certificate of Good Standing?

Do I Need a Certificate of Good Standing?

A Certificate of Good Standing IS NOT mandatory and can be purchased directly from the Secretary of State’s office at a fee that is usually significantly less than the Certificate Services company offers.

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Changes to Retirement Distribution Rules Summarized

Changes to Retirement Distribution Rules Summarized

A number of changes have been made to the tax code to provide relief to taxpayers, and some of those changes involve retirement plans. As you all probably know, the CARES Act was passed recently. I thought I would summarize the changes that Act brought about, and what it means for you.

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