Blog
Rolling Over Accounts to Your Check Book IRA: Problem Accounts
Rolling Over Accounts to Your Check Book IRA: Problem Accounts By Jordan Sheppherd When a prospective client calls us asking about the IRA LLC structure, I always start off by asking them what accounts they plan on moving over to the new structure. I ask this at the...
GenXer’s and the Savings Gap
According to an article by "The Street", about 85% of young adults say they would listen if their grandparents started a conversation about money management. Compare that to the measly 8% of grandparents surveyed who would actually discuss financial resources and you...
Annual Valuations: What You Need to Know
Each year, your IRA Custodian completes a Form 5498 and submits a copy to you as well as the IRS. The form reports your annual contributions to the IRA as well as amounts that were rolled over during the year.
Why Did I Get a 1099 for My Rollover?
So, six months ago, you finally decided to roll that old 401(k) from a previous job, into a self-directed IRA. You went online. You read articles. You even called your CPA to make sure the rollover was done correctly. You requested a direct rollover from your...
Tax Liens: Making it Work!
Tax Liens: Making it Work! By Jordan Sheppherd If you’ve read the “Tax Liens: Overview” article, you have a good sense of what a tax lien is and isn’t. Below, we discuss some of the ins and outs of tax lien investing. So although the highly publicized return rates of...
Tax Liens: An Overview
Tax Liens: An Overview By Jordan Sheppherd Clients often ask us, “Should I invest in tax liens? My brother-in-law says you can get 25% return!” Before discussing whether the investment is a right fit, it is best to make sure that the boundaries of what a tax lien is...
I Bought a Rental… Now What?
I Bought a Rental... Now What? This post will answer some of the common questions we get about how a piece of rental real estate would be handled in an IRA LLC. A lot of people get that an IRA LLC can buy property, but they sometimes have questions about how the nuts...
Can You Retire in a Home Purchased With Your IRA?
The short answer is yes. However, as with most retirement strategies, there is a little more involved.
You Can’t Do That! Prohibited Transactions 101
This is the first post in a new series we will be doing, entitled “You
Can’t Do That!” In this series, we will be examining transactions that would be considered prohibited under IRC 26.
Another World Bank
BRICS (a group composed of the leaders of Brazil, Russia, India, China and South Africa) has created a Shanghai based development bank; similar to a mini IMF (International Monetary Fund) and the Eastern Worlds answer to the Western World Bank. Plans were announced...
Fast-Tracking Funds to Your New IRA – Liquidating Your Assets
So you’re ready to start a Check Book IRA; you’ve done the research, you’ve found an investment you believe in, you’ve made the decision to take control of your retirement funds.
Choosing a LLC Name
Picking a LLC name can prove to be a daunting task. Many clients draw a blank when they have to figure out what they want to name the LLC their IRA will own. This post will give you some pointers to keep in mind about coming up with a name for the LLC. First, let’s...
$72 million in Gold replaced with worthless metal
One more reason to get physical possession of your IRA precious metals. Even though you can only hold American Eagles in a CBIRA at least you've got possession. You have to feel for this guy. The South China Morning Post (SCMP) reported that Hong Kong police are...
Can I Co-Invest with My IRA?
Can I Co-Invest with My IRA? A Client asked: A close friend of mine wants to borrow $100,000 short term and is willing to pay an interest rate of 10%. He has good credit and a lot of collateral. I feel it would be a great loan for my IRA to make. The problem is I only...
What is a Registered Agent and Do I Really Need One?
What is a Registered Agent and Do I Really Need One? By Jordan Sheppherd Registered Agent and the IRA LLCAccording to Wikipedia – A Registered Agent (sometimes called a Statutory Agent) is a business or individual designated to receive service of process (SOP) when a...
How My Dad Escaped Obamacare
I've found it. I've found a way to escape Obamacare. Actually Dad found it, but because I like sharing cool stuff with our clients and readers, I'm going to go through how even in the face of rising insurance rates, he was able to cut his medical coverage costs in...
Gold Backed By “Nothing”, Says Journalist
Gold Backed By "Nothing", says Journalist
Rollover Vs. Transfer
Rollover Vs. Transfer What you should know about rolling over your 401(k), 403(b), TSP or transferring your IRA First off, this discussion is not intended as tax advice or a step-by-step guide. Instead, it will give you a general summary of the difference between a...
CASH Offers on Homes for Sale Beating out the Competition
“Why this isn’t a good trend” Real estate is on the upswing again; the question is what is driving the market? It doesn’t appear to be jobs or a rise in the employed sector as unemployment remains steady at 7.2% per the US Department of Labor Bureau of Statistics. ...
$20 Burgers?
That's bull! Or is it? While most Americans managed to survive fairly well without the government for two weeks......surviving without a burger for that long is another story. However, given the recent disasters to the cattle market in the Panhandle as well as a...
Small Company Retirement Plans Fail To Compete
Small businesses are under fire after a recent report, titled “The Retirement Readiness Imperative Report,” aptly demonstrated the sorry state of retirement benefits for employees of these companies. Released in October 2013 by the Transamerica Center for Retirement...
Is “HealthCare.gov” Already Sick?
October 1st was the launch date for the government's new website [www.healthcare.gov] for healthcare enrollment commonly referred to as Obamacare. And after just two weeks the diagnosis is.......sickly. The site is slow and full of errors that are frustrating people...
Gold: Diversification And Security
Mainstream investment advice has regularly recommended investment in stocks as the primary path to a secure retirement. However, as recent economic events make evident, relying exclusively or even primarily on the stock market, carries tremendous risk. Thousands of...
Economic Instability Means Time For Gold
The uncertainty of a resolution to the debt-ceiling crisis has resulted in gold falling in price. In this regard, gold acts like many other commodities such as oil and copper. However, gold is not like other commodities; gold is not consumed or used like oil, wheat,...
