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Does Wall Street own the Senate?
Captain Obvious here. Yesterday it was announced that Elizabeth Warren would be appointed as a “special advisor” to the President. This was an interesting…
fiduciary status
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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 4 of 5
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Which is better a Roth IRA or Muni Bonds?
Back in my stockbroker days, I had a client come in for financial advice for her IRA. When I asked her what the IRA was invested in, she told me the…
bankruptcy · self directed IRA
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Why aren’t annuities in pension plans?
In my previous posts I commented how in a recent survey, people said they liked the benefits of an annuity, but if you used the word, annuity, people…
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Who are you listening to? Why?
A number of great articles that have implications for retirement planning came out this week. The first was pretty much a mind expander. Its a post from…
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Beware of Fancy Talkers
There is a lot of buying coming from the middle east. Way back when I was both a commodities and stock broker. The standard joke/statement in our office…
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IRA Rollover Fixes
Back in 2001 a new provision was added to the tax code that allows IRA owners to fix a problems with their rollovers. Yeah, the basic rollover rules are…
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Are inherited IRAs asset protected?
Just today a bankruptcy court in Florida reached the same conclusion; inherited IRAs do not have asset protection, inherited IRAs are not exempt assets…
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Can the IRS take your IRA?
As the economy sputters and falters even more it is pretty much a foregone conclusion that more people are going to start running behind on their taxes. A…
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412i lawsuits. . . can’t sue the insurance company
A few years back the financial community, in particular insurance agents, really pushed the concept of a 412i plan as a way to save money. Basically a…
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Failed IRA rollover
A bunch of us know that we are allowed to take our IRA money out, and as long as we put it back in within 60 days there is no taxable event. Unfortunately…
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Cost of Forgotten Required Minimum Distributions
A recent survey found that most IRA owners had no intentions of taking money out of their IRA. Instead the IRA was seen as an emergency fund that the IRA…
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Prohibited Transaction Exemptions. . . modified?
There is a set of laws lurking out in the shadows that very few IRA owners are aware of, the prohibited transaction rules. Under the tax code, if an IRA…
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