Who really owns your IRA LLC? Your self directed IRA?

Tons of people have set up IRA LLCs. The theory is that since they are the beneficiaries of the IRA they are indirectly the owners of the IRA LLC and the assets inside of the LLC.  There is another belief that the custodian or trustee of the IRA can’t take any action in regards to Read more about Who really owns your IRA LLC? Your self directed IRA?[…]

Retirement benefits cut 60% by the state

So you put in your 30 years with the government.  Yeah, it was a rough time, but now that you have a guaranteed retirement it sure looks like it was worth it.  Big question though, is that retirement income really guaranteed?  Probably not. Just today California’s retirement fund, Calpers, issued a statement saying it was Read more about Retirement benefits cut 60% by the state[…]

Roth IRAs

Does the IRS approve of Roth IRA LLCs?

Did you know that if you mess up your IRA rollover the IRS has a process where you request a second chance?  The great part is they typically grant the 2nd chance so long as you haven’t done anything wrong with the IRA.  Which brings up an IRS ruling that just came out today about Read more about Does the IRS approve of Roth IRA LLCs?[…]

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[…]