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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.

We’ve seen a huge increase in interest in cryptocurrencies over the last six months or so, and more and more clients are asking about the possibility of converting cryptocurrencies to a Roth IRA or Roth 401(k).

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.

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.

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.

Here are some tips to hopefully ensure your funds get to the right person or company as quickly as possible

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.

Here are a few tips that might help you in your quest for stability and appreciation in your retirement accounts using Real Estate:

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.

I was reminded this week that our self-managed plans (CheckBook IRA or Solo 401k ) allow for that control no matter how remote you are.

You can transfer assets from one IRA or 401k to another without tax consequences.

Consider a ROBS (Rollovers as Business Startups) for using your retirement accounts to do so.

The answer is maybe. Most IRA Custodians will allow you to transfer part of your IRA funds to another Custodian and then into a Check Book IRA.

People get involved with Self Directed IRA’s, for they want control over their investments and want to invest in things that aren’t usually offered by the big investment companies.