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Avoiding a 10% early withdrawal penalty on distributions
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…
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The Latest from Tim Berry
Self-Directed IRA & 401(k) Insights
Court cases, IRS rulings and practical commentary on keeping your self-directed retirement plan compliant.
51 articles · Page 3 of 5
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Is your Self Directed IRA a Fraud?
The SEC’s Office of Investor Education and Advocacy (OIEA) and the North American Securities Administrators Association (NASAA) recently issued a notice…
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What is an IRA?
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…
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401k Roth conversions
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…
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Roth 401k conversions PT III
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…
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Trusts as IRA Beneficiaries
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…
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Can the IRS take away your IRA Pt II
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…
ira levy · IRS levy ira
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Inherited IRAs and Bankruptcy, what is THE LAW?
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…
bankruptcy · inherited ira bankruptcy · ira 522
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Supercharge your Roth IRA
When you start talking about Roth IRAs, people start salivatating. The reason is earnings grow in a completely tax free environment within the Roth…
Roth 401k · Roth IRA
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IRA Rollover Fixes II
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…
failed rollover · fix IRA rollovers · ira rollovers
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Roth 401k Conversions Pt II
Yesterday I talked about how Roth conversion features are considered a revenue raiser by Congress. Today the Joint Committee on Taxation, the…
Roth 401k conversion
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Roth 401k Conversions
Today The Small Business Jobs Act of 2010 was passed by the Senate. Its virtually assured to pass the house next week. One of the provisions of the Act is…
Roth 401k conversion · roth conversion
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