On October 17th, a district court affirmed a bankruptcy decision that said the mere act of signing the Merrill Lynch IRA account app caused the… Read More »Merrill Lynch IRAs are invalid and distributed?
Way back in 2008, the IRS issued some guidelines to a strategy they called the Rollover as Business Startup (ROBS). Reading between the guidelines (sorry,… Read More »Has the IRS determined that the Rollover as Business Startups (ROBS) isn’t valid?
Are self directed IRAs about to be trampled due to the fight between the presidential candidates? Some Democrats in the house just wrote a letter… Read More »Self Directed IRA Valuations
One of the cardinal rules of IRAs is that they have to be “administered” by a bank, trust company, or something called a non-bank custodian.… Read More »Self Directed IRAs, the future holds even less supervision
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… Read More »Avoiding a 10% early withdrawal penalty on distributions
The SEC’s Office of Investor Education and Advocacy (OIEA) and the North American Securities Administrators Association (NASAA) recently issued a notice warning investors about fraudulent… Read More »Is your Self Directed IRA a Fraud?
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… Read More »What is an IRA?
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… Read More »401k Roth conversions
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… Read More »Roth 401k conversions PT III
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… Read More »Trusts as IRA Beneficiaries