Avoiding a 10% early withdrawal penalty on distributions

There is a common misconception that you have to be over 59.5 before you can take a distribution from your retirement plan and not be hit with a 10% early withdrawal penalty. What most people don’t know is that in section 72(t) of the tax code there is a little known provision that says if Read more about Avoiding a 10% early withdrawal penalty on distributions[…]

Is your Self Directed IRA a Fraud?

The SEC’s Office of Investor Education and Advocacy (OIEA) and the North American Securities Administrators Association (NASAA) recently issued a notice warning investors about fraudulent investments in self directed individual retirement accounts. This is the dirty little secret of checkbook control and or self directed IRAs. There is a very good chance that you discovered Read more about Is your Self Directed IRA a Fraud?[…]