About me
TIM BERRY
I’m an attorney who has been dealing with IRA and 401k issues since 1997. While I’m licensed as an attorney in Washington state, I work with clients all around the country by phone, fax, and email.
For projects, I typically bill by the project, not the hour. That means you don’t have to worry about any unexpected huge bill, you know exactly the amount when I start work.
Translating the complexities of prohibited transactions, unrelated business taxes, and self directed 401ks so you don't run afoul of the law.
I simplify complex tax laws so you don’t have to worry about love letters from the IRS. With years of experience focused on self-directed IRAs, 401(k) strategies, and advanced tax planning, I provide clear, practical guidance that helps you protect your assets and move forward with confidence.
I specialize in assisting clients with:
Helping Clients Navigate Complex Legal Matters
Prohibited Transaction Analysis
We review Self-Directed IRA and Self-Directed 401(k) activity to help ensure transactions are handled correctly and do not trigger costly prohibited transaction violations.
Rollover Error Resolution
We correct rollover mistakes before they become serious issues. Custodians frequently report errors to the IRS don’t risk penalties or the loss of your retirement account.
Reporting Error Connection
Missing Form 5500-EZ filings or incorrect values on 1099s? We identify reporting issues and help resolve them properly so you can move forward with confidence.
Retirement Estate Planning Strategy
We structure estate plans for retirement accounts to help ensure your assets transfer according to your wishes, not default rules or unintended government outcomes.
FAQS
Frequently Asked Questions
Find clear answers to common questions about self-directed IRAs and 401(k)s, including rules, compliance, and investment options, explained simply to help you move forward with confidence.
What services does Tim Berry provide?
My main focus is the various tax laws on retirement plans, in particular self directed IRAs and self directed 401ks, aka solo 401ks and owner only 401ks. I’m constantly fixing costly mistakes made by custodians, financial planners, and CPAs who haven’t dealt with self directed IRAs and 401ks.
What is a self-directed IRA and how is it different from a traditional IRA?
A self-directed IRA or self directed 401k is a retirement plan that allows you to make all the investments allowed by law. Most IRAs and 401ks limit you to stocks and bonds. With self directed plans the world is your oyster!
Can I roll over my existing IRA or 401(k) into a self-directed IRA?
Yes — you can generally transfer or roll over IRA funds (other than inherited IRAs and Roth IRAs) into a self directed 401k in a tax free manner.
Are there risks I should know about with self-directed IRAs?
Yes and no. There are a ton of hidden land mines for self directed 401ks and self directed IRAs. However if you just follow some simple rules. . . such as not having your plan engage in transactions with anyone related to you. . . then their operation can be relatively simple.
How can Tim Berry help me avoid prohibited transaction issues?
I can review and analyze your planned transactions and offer legal insight to ensure your self-directed IRA investments comply with IRS regulations, reducing the risk of costly penalties.
What People Say
Take the First Step Toward Smarter Retirement Investing
Schedule a consultation to see if a self-directed IRA or 401(k) strategy is right for you. Get clear legal guidance, answers to your questions, and a roadmap to structure compliant retirement investments with confidence.
Providing clear legal guidance and education on self-directed IRAs and 401(k)s to help you invest confidently and stay compliant.
Get In Touch
- 2473 S Higley, 104-117 Gilbert, AZ 85295
- [email protected]
- 602-900-1855
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