My Solo 401(k) Can Loan Money to Me?

My Solo 401(k) Can Loan Money to Me?

My Solo 401(k) Can Loan Money to Me? By Jordan Sheppherd There are a lot of great things about the Solo 401(k), but one of most convenient is the fact that you can take a loan from it. You can’t take a loan from your IRA, as that would be considered self-dealing;...
Guard Your Future

Guard Your Future

Guard Your Future By Peter Rizzo Last week I was reading this article about Kevin Garnett, one of the all-time great basketball players, and his lawsuit against some former advisers over the alleged $77 million fraud. I am not going to be judge and jury and decide who...
Stocks and UDFI (Unrelated Debt Financed Income)

Stocks and UDFI (Unrelated Debt Financed Income)

Stocks and UDFI (Unrelated Debt Financed Income) By Alisha Bennett Recently, we’ve had a few questions about Unrelated Debt Financed Income (UDFI) and how it might apply to investments in the Check Book IRA structure. Oh yes, UDFI, that four letter “word” that can...
A Retirement Tool Box

A Retirement Tool Box

A Retirement Guardian Tool Box By Steve Sheppherd Digging a ditch without the right tools is doubly hard. Guiding, growing and guarding your retirement without the right tools is hard as well. From time to time, The Shield will feature a “tool” to help you on your...
A Birthday “Present” You Don’t Want

A Birthday “Present” You Don’t Want

A Birthday “Present” You Don’t Want By Steve Sheppherd The IRS has a birthday present for you; if you forget your age……A 50% penalty for not taking a Required Minimum Distribution once you reach age 72. That’s right, 50% penalty for NOT taking money from...