Blog

April 13, 2020 · 1 min read

Coronavirus related distribution certification

Looking for the form to certify that your distribution is a Coronavirus related distribution? Here it is. 401k PSP Corona Distribution Form v2…

March 23, 2020 · 1 min read

Can Self Directed retirement plans “Buy the dip” in stocks?

As I’m typing this the market is down well over 20% from the beginning of the year. A direct result of this market correction is that my phone and email…

April 26, 2017 · 2 min read

Took longer than 60 days to rollover your IRA? A new court case could help.

In 2001 Congress enacted a law allowing the IRS to waive the 60 day IRA rollover requirement, “where the failure to waive such requirement would be…

60 day rollover · ira rollover · ira waiver

April 17, 2017 · 2 min read

Tax time is investment time for your self directed IRA or self directed 401k

Yesterday I had a client call me up and explain that she was frustrated as her self directed account was only earning 1.2% in interest. I suggested she…

April 14, 2017 · 2 min read

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…

checkbook control ira · ira llc · IRA owned real estate

March 16, 2017 · 1 min read

Retirement benefits cut 60% by the state

Its a tale as old as time. You’re fresh out of college and trying to figure out what to do with your life. There are a lot of opportunities, but you…

self directed IRA · self directed retirement · Tax

January 25, 2017 · 3 min read

Can the IRS Levy (IRS talk for take away or garnish) your retirement plan?

When you owe the IRS money they can pretty much come after any asset that you own. That includes your retirement plan assets. As verification of that…

asset protection · ira levy · irs garnishment

October 14, 2015 · 1 min read

Witholding Taxes and rollovers from retirement plans

When you request a distribution from your qualified retirement plan such as a profit sharing plan or 401k, the tax code requires that your plan withhold…

September 27, 2015 · 43 min read

Are 401ks protected in bankruptcy?

Can your 401k be taken away if you file bankruptcy? As a general rule, 401ks are protected in bankruptcy. The bankruptcy code has 2 different key sections…

401k · asset protection · bankruptcy

September 24, 2015 · 1 min read

Could you owe taxes because you don’t charge enough? One Harvard professor seems to think so

Want to get rich quick? I mean really, really rich. . . billions. All you need to do is turn in someone who is doing something to pay less taxes to the…

September 14, 2015 · 7 min read

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…

failed rollover · fix IRA rollovers · prohibited transaction rules

May 19, 2015 · 1 min read

IRS wait times

Have a slight problem with your self directed IRA? Self directed 401k? Think you can call the IRS and get a quick answer to your problem? Think again…

determination letter · retirement plan · Tim Berry