Author Archives: Tim

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 … Continue reading →

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 … Continue reading →

I’m of the opinion that there is going to be a lot of litigation in the coming years with self directed IRAs.  Investors jumped onto the self directed band wagon and made all sorts of flakey investments, but my guess … Continue reading →

Yeah, yeah, I know.  I’m a broken record at this point.  I can only discuss 401k Roth conversions.  The reason is the payoff is simply too big to ignore, tax free wealth along with some of the strongest asset protection. … Continue reading →

For the last 2 years the big news trumpeted by the financial planning community was the ability to convert your traditional IRA to a Roth IRA.  A concept I believe is going to cause nothing but trouble for people. Last … Continue reading →

The laws regarding IRAs are very complex.  Even more complex are the laws dealing with trusts as beneficiaries of IRA accounts.  The rules are so complicated you probably don’t want to even mess with them unless you are dealing with … Continue reading →

Earlier in the month I pointed out an article on the subject of if the IRS can take away your IRA. For some reason people seem to be astounded and incensed the IRS can take away their retirement plan.  Keep … Continue reading →

The other day I was talking with a friend, and they told me they were a bit irritated at their CPA.  It seems my friend asked the CPA a “basic” tax question and the CPA said they were going to … Continue reading →

When you start talking about Roth IRAs, people start salivatating.  The reason is earnings grow in a completely tax free environment within the Roth.  Because of the completely tax free treatment there are all sorts of “interesting” concepts being promoted by … Continue reading →

Every morning I get updates on the latest rulings and changes to the tax code.  More and more it seems that requests to fix failed IRA rollovers are taking over the IRS update world. My guess is 2 factors are … Continue reading →