Merrill Lynch IRAs are invalid and distributed?

On October 17th, a district court affirmed a bankruptcy decision that said the mere act of signing the Merrill Lynch IRA account app caused the IRA to be fully distributed because the language in the application causes the IRA owner to engage in a prohibited transaction with their IRA. This is going to be really Read more about Merrill Lynch IRAs are invalid and distributed?[…]

Has the IRS determined that the Rollover as Business Startups (ROBS) isn’t valid?

Way back in 2008, the IRS issued some guidelines to a strategy they called the Rollover as Business Startup (ROBS). ┬áReading between the guidelines (sorry, couldn’t resist) it was apparent the service didn’t like the idea one bit. ┬áIf you want to learn more about the ROBS program this is a link to the IRS Read more about Has the IRS determined that the Rollover as Business Startups (ROBS) isn’t valid?[…]