Self directed IRA prohibited transaction rule gotchyas

Was reading a case today where the Department of Labor was saying an individual violated his fiduciary responsibilities by amongst other things, loaning money to his employees.  Appears the guy even went to jail for all the stuff he was doing with the retirement plan. I like to think I know the prohibited transaction rules Read more about Self directed IRA prohibited transaction rule gotchyas[…]

Thrift Savings Plans are subject to IRS Levy

Have a thrift savings plan with the government?  Running behind on your taxes?  Bad news, President Obama just signed a bill that specifically allows the IRS to levy (fancy legal talk for take away) your thrift savings plan. There really isn’t much to the bill, just adding a clause to pre existing law that thrift Read more about Thrift Savings Plans are subject to IRS Levy[…]