Archive for the ‘IRA’ Category

Advantages of Using Your IRA with the ROBS Structure to Fund Your Business

April 26th, 2017

When it comes to using retirement funds to buy or finance a business that you or another “disqualified person” will be involved in personally, there is only one legal way to do it and that is through the Business Acquisition Solution, also known as a Rollover Business Start-Up (ROBS). The ROBS solution takes advantage of […]

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Tax Filing Tips To Save On Taxes And Boost IRA Savings

March 29th, 2017

Here’s an article that originally appeared on Forbes – With the individual tax-filing deadline date of April 18, 2017 for the 2016 taxable year quickly approaching, reviewing some of the ways one can save taxes as well as boost his or her retirement savings is always helpful.  Below are a few ways one can use […]

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How Can You Use Your IRA to Start a Business?

March 15th, 2017

Leaving your job or thinking of leaving your job and have an IRA? Why not use your IRA to invest in yourself instead of a volatile stock market? Why put your hard earned retirement funds in the hands of Wall Street when you can use your 401(k) funds on a business you can run, manage, […]

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Your Self-Directed IRA Custodian Fees May Be Tax Deductible

February 24th, 2017

Unbeknownst to many retirement account holders, payment of individual retirement account (“IRA”) custodian/trustee fees is generally tax-deductible.  Under Internal Revenue Service (“IRS”) rules, in place of the standard deduction, one can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040 or Form 1040NR). One can only claim the amount of expenses that […]

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Protecting Your IRA Without The Fiduciary Rule

February 16th, 2017

Here’s an article from Forbes.com dealing with the fiduciary rules – Now that President Trump has rescinded the fiduciary rule, what exactly does that mean for IRA investors? The fiduciary rule, developed by the Obama administration, aimed to protect retirement savers from bad advice and keep more money in their pockets. It also sought to […]

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Understanding Your Options When Inheriting An IRA From A Non-Spouse

February 1st, 2017

Here’s another article from Adam Bergman that originally appeared on Forbes.com – Unfortunately, the Internal Revenue Service (“IRS”) does not allow you to keep retirement funds in your account indefinitely. The required minimum distribution rules (“RMD”) were created in order to guarantee the flow of IRA funds into the federal income tax system as well […]

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What Baby Boomers Need To Know About Required Minimum Distributions

January 26th, 2017

This article originally appeared on Forbes.com – Nearly a quarter of Americans were born between 1946 and 1964, the typical definition of the baby boom generation. That is more than 75 million people. For baby boomers, the largest generation in U.S. history before the millennials, 2017 will begin a process where hundreds of billions of […]

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Why Use the Rollover Business Startup Solution (ROBS) to Fund Your Business

November 9th, 2016

When it comes to using retirement funds to buy or finance a business that you or another “disqualified person” will be involved in personally, there is only one legal way to do it and that is through the Business Acquisition Solution, also known as a Rollover Business Start-Up (ROBS). The ROBS solution takes advantage of […]

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Is the Self Directed IRA Protected from Creditors?

October 26th, 2016

Retirement accounts have become many Americans’ most valuable assets. That means it is vital that you have the ability to protect them from creditors, such as people who have won lawsuits against you. In general, the asset/creditor protection strategies available to you depend on the type of retirement account you have (i.e. Traditional, IRA, Roth […]

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The Law Concerning ROBS

September 8th, 2016

The Internal Revenue Code and ERISA have firmly codified the ability to use retirement funds to invest in the stock of a sponsoring company as long as certain IRS and ERISA rules are followed.  The Rollover for Business Startup, or ROBS, is an IRS-approved solution. Internal Revenue Code Section 4975(c) includes a list of transactions […]

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