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 assets inside of the LLC. There is another belief…
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 follow your parents advice and decide to get a…
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 chance so long as you haven’t done anything wrong…
Was reading a case today where the Department of Labor was saying an individual violated his fiduciary responsibilities by amongst other things, loaning money to his employees. Appears the guy even went to jail for all the stuff he was…
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 friendly lady from the bank said a muni bond…