Podcasts about your ira

It's true that in general, the basic Bucket Strategy® consists of a 3-, 4-, or 5-Bucket plan, with each bucket separated into short-term, mid-term, and long-term assets.  But did you know that a good Bucket Strategy will often “blend” buckets to potentially give a retiree a much better overall outcome?"Blending" the buckets means to combine the cash flow to try to get a desired outcome.  But where do you take that cash flow from? Your IRA? Your 401k? Your personal money? Roths? This is where blending buckets can potentially be very helpful.Learn more about why this strategy may yield better results for you as podcast host Johnny Dean and Rick “The Professor” Plum, CFP® give you the inside scoop on today's episode of Managing Your Financial Future!

Your IRA in retirement. You can leave it, roll it, or cash it out. How do we know what works best for us and what do we have to watch out for? Want to begin building your retirement plan? Schedule a call with us here:

In this episode of The Power of Zero Show, David McKnight addresses different strategies for tax-free retirement planning in 2025. Most Americans are a little nervous when it comes to the fiscal trajectory of the U.S.. According to expert forecasts, the likely extension of the 2017 Trump tax cuts would take the current $36 trillion of national debt beyond the estimated $54 trillion by 2034 – taking it all the way to $59 trillion. A recent Penn Wharton study predicts that if the U.S. doesn't right its fiscal ship of state by 2034, no combination of raising taxes or cutting spending will arrest the financial collapse of the nation. “Former Comptroller General of the Federal Government David Walker says that we may have to double tax rates within the next 10 years in order to keep our country solvent”, says David McKnight. Something important to consider is how to best shield your retirement savings from the potential tsunami of higher taxes down the road. David recommends creating a balanced, comprehensive strategy that takes advantage of all the “nooks and crannies” in the IRS tax code. The cost of getting money into tax-free vehicles is that you have to be willing to pay a tax. The next nine years represent a historical opportunity to pay those taxes while they're on sale. The approach David suggests thinking about can incorporate as many as six different streams of tax-free income – none of which shows up on the IRS' radar but all of which contribute to you being in the 0% tax bracket. A tax-free investment means no taxes at all: no federal income tax, no state income tax, or no capital gains tax. When taking distributions, tax-free investments should not count as provisional incomes – meaning that they don't count against the thresholds which cause Social Security taxation. The Roth IRA is the first truly-tax free retirement account David believes you should be contributing to in 2025. The second truly tax-free account worth considering in 2025 is the Roth 401(k). The potential for a company match is the one thing that makes Roth 401(k) impossible to ignore – and turns it into an instant return on your investment. After a Roth IRA and a Roth 401(k), the third tax-free alternative you should think about this year is a Roth conversion. David discusses the ideal scenario in which you should opt for a Roth conversion. Your IRA or 401(k) is the fourth stream of tax-free income David touches upon. Tax-free distributions from your IRA or 401(k) are what David refers to as “the Holy Grail of financial planning” – since they do something no other strategy can do. The life insurance retirement plan and tax-free Social Security are two additional strategies David dives into. Tax-free Social Security is unique because it shields you from several risks, including tax rate risk, inflation risk, long-term care risk, sequence of returns, and longevity risks.     Mentioned in this episode: David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Donald Trump David Walker Mitt Romney

How can you use your retirement accounts to reach FIRE faster? We've talked a lot about the “middle-class trap”—having too much of your net worth trapped in your retirement accounts and home equity—and we may have the secret weapon to help you escape it. Not only that, this strategy allows you to keep more of what you earn, take control of your investments, and build a (relatively) passive real estate portfolio while you get closer and closer to FIRE. Of course, we're talking about self-directed IRAs and Kaaren Hall's new book, Self-Directed IRA Investing: A BiggerPockets Guide (use code “SDIRA10” for 10% off)!  Never heard of them? Self-directed IRAs (SDIRAs) are retirement accounts that give you more control over what you invest in. So, instead of just stocks and bonds, you can use your retirement funds to buy rental properties, become a passive private money lender, and invest in real estate syndications. These investments can often get higher returns than stock market averages, helping you reach your retirement goals faster! So, how do you use it to escape the middle-class trap? Today, Kaaren shares some of the often overlooked strategies to withdraw early from your self-directed IRA so you can FIRE in your forties or fifties instead of waiting until your sixties! In This Episode We Cover Self-directed IRAs explained, plus why they're a “secret weapon” for retirement Self-directed IRAs vs. traditional IRAs and what you can invest in with each Escaping the “middle-class trap” with early withdrawal strategies for retirement accounts Completely passive real estate investments you can put inside your self-directed IRA How to turn your old employer-sponsored retirement account into a self-directed IRA And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group uDirect IRA Get fast, affordable landlord insurance with Steadily BiggerPockets Money Listeners Get 10% Off the Book with Code “SDIRA10” Property Manager Finder Finance Friday: How the “Middle-Class Trap” Stops Your Early Retirement Connect with Kaaren (00:00) Intro (01:23) Self-Directed IRAs Explained (05:49) Buy Real Estate with Retirement Accounts! (10:37) Opening a Self-Directed IRA (13:55) Escaping the Middle-Class Trap (17:41) Real Estate IRA Rules (20:52) Best Alternative Investments (23:56) 401(k) vs. IRA and Minimum Distributions (27:57) Withdraw from Your IRA for FIRE! (34:49) Self-Directed HSAs! (Timestamp) (36:59) When to Use a Self-Directed IRA (41:48) 403(b)s and TSPs (43:20) BIG Changes! (48:20) Grab the Book! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-603 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Ed Slott is a CPA and one of my favorite experts on all things tax related.  If you have deferred accounts like 401k, 403b, 457, or IRAs you have a ticking tax bomb. Looking over your entire retirement and where government spending is, our expectation is that there will be some high taxes coming again in the future. Your IRA is an IOU to the IRS! Key takeaways: 401k distribution/rollover biggest check you may ever get What should you do with it? Diffuse this ticking tax bomb Worst asses to leave your beneficiaries

Text us your financial questions!Henssler Money Talks — May 25, 2024Season 38, Episode 21This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Senior Associate Michael Griffin, CFP®, and Associate Josh Weidie, CFP®, CWS®, to cover the week's market news, the minutes from the Fed's May monetary policy meeting and existing home sales. Michael and Josh provide advice for a couple who are saving for retirement; however, they don't have a clear goal. The financial experts provide some advice on whether the investors should sit down with a financial adviser. The show hosts round out the show by answering a listener's question on if there are any advantages to leaving some money in pre-tax retirement accounts if they're planning a Roth conversion. Timestamps and Chapters00:00 Market Roundup: May 20 – May 14, 202422:13 Case Study:  Planning When Retirement is 25 Years Away 33:16 Q&A Time: Not Converting all Your IRA to a RothFollow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup  “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

You may have heard that a basic Bucket Strategy® consists of a 3-, 4- or 5-Bucket plan, with each bucket separated into groups of short-term, mid-term, and long-term assets.  What you may not have heard is that a good Bucket Strategy will often “blend” buckets to potentially give a retiree a much better overall outcome.What do we mean by “blending” the buckets? In essence, it means to blend the income stream to try to get a desired outcome.  Where do you take your income stream from? Your IRA? Your 401k? Your personal money? Roths? This is where blending buckets can potentially be very helpful.Learn more about why this strategy may be right for you as podcast host Johnny Dean and Rick “The Professor” Plum, CFP® give you the inside scoop on today's episode of Managing Your Financial Future!

Your IRA or other future retirement funds can be a tool for building God's kingdom today! Brian Miller, private wealth advisor, The Bahnsen Group, shares how you can use your IRA-required minimum distribution to invest in God's Kingdom and be a faithful steward.

Roth limits? IRA limits? TSP limits? We get this question often: "How much can I contribute to my Roth each year?" There are several DIFFERENT limits at play here and lumping them all as "Roth" isn't quite correct. Public Service Announcement: Roth IRA is not the same as Roth TSP. You can contribute your maximum to your Roth IRA and still the maximum to your Roth TSP. Or you can do traditional. Bottom line- IRA and TSP limits are NOT the same. IRAs are not the same as employer-sponsored retirement accounts like a TSP or 401k. In 2024, that means up to $7,000 (per spouse if married filing jointly) PLUS up to $23,000 in your TSP (plus up to $23,000 more in your spouse's TSP or 401k)! Document your retirement contributions carefully on your taxes. Your TSP contributions are captured on your LES. Your IRA contributions are reported separately on your tax preparation software. Do not combine your TSP and IRA contributions and think you over-contributed and owe a penalty! Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE! If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com. If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon at or at shop.militarymoneymanual.com. I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.

Learn how to generate passive income that exceeds your monthly expenses in today's episode with Anthony Faso and Cameron Christiansen as we delve into the fundamental principles and benefits of the Infinite Banking Concept. So tune in to hear insights into non-traditional means of building wealth.     Key Takeaways To Listen For Why a 401k is one of the worst financial vehicles for financial freedom The Infinite Banking Concept: What it is, how it works, and its advantages Tax benefits of incorporating Infinite Banking into your life insurance policy Reasons to consider Infinite Banking as an investment strategy 3 words you need to know as a new real estate investor     Resources/Links Mentioned In This Episode Wall Street - Prime Video PwC 06:40 Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle, Paperback, and Mass Market Paperback Becoming Your Own Banker by R. Nelson Nash | Paperback and Audiobook Why & How to Strategically Free YOUR Money from Your IRA & 401k to Create True Financial Freedom  Buy Back Your Time by Dan Martell | Kindle and Hardcover   If you want to learn how to generate passive income and accumulate wealth without the typical risks of Wall Street, check out Anthony and Cameron's FREE course at https://infinitewealthconsultants.com/thewealthflow/. About Anthony Faso and Cameron Christiansen Anthony Faso and Cameron Christiansen are the founders of Infinite Wealth Consultants and hosts of the Infinite Wealth Podcast.    A proud U.S. Army veteran and self-described “recovering” CPA, Anthony has worked at the world's largest accounting firm and served as CFO of a chain of restaurants. However, after the 2008 recession, he realized that the solution to financial freedom would never be found in the latest Wall Street-created financial product. As he was discovering what his path to financial independence would look like, he was also teaching and coaching individuals and business owners about money and investing.    Having been a small business owner for eight years, Cameron was frustrated with investment solutions proposed by traditional financial advisors. This frustration is what led him to discover infinite banking and real estate investing. After advising others for over a decade, Cameron now brings his expertise in passive income generation and cash flow analysis to his partnership with Anthony.     Connect with Anthony and Cameron Website: Infinite Wealth Consultants Podcast: The Infinite Wealth Podcast YouTube: Infinite Wealth Consultants     Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/.     Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554

Jeff Rose talks about 8 unusual things to hold in your IRA Episode 2401: 8 Unusual Things to Hold in Your IRA by Jeff Rose of Good Financial Cents on Little-Known IRA Facts Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur. The original post is located here: https://www.goodfinancialcents.com/unusual-things-hold-in-ira/  Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeff Rose talks about 8 unusual things to hold in your IRA Episode 2401: 8 Unusual Things to Hold in Your IRA by Jeff Rose of Good Financial Cents on Little-Known IRA Facts Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur. The original post is located here: https://www.goodfinancialcents.com/unusual-things-hold-in-ira/  Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeff Rose talks about 8 unusual things to hold in your IRA Episode 2401: 8 Unusual Things to Hold in Your IRA by Jeff Rose of Good Financial Cents on Little-Known IRA Facts Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur. The original post is located here: https://www.goodfinancialcents.com/unusual-things-hold-in-ira/  Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you aware of the potential pitfalls of early withdrawals from your retirement accounts? Dean Barber and Bud Kasper are going to take a deep dive into the IRA early withdrawal penalty and the exceptions to the 10% penalty. On America's Wealth Management Show, they reviewed the 20 exceptions to the IRA early withdrawal penalty that were outlined by their good friend, America's IRA Expert Ed Slott, at Ed Slott's Elite IRA Advisor GroupSM spring workshop in Baltimore, which they both attended. More on this episode: https://modwm.com/ira-early-withdrawal-penalty-how-to-avoid-the-10-penalty/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=10-percent-penalty See Our Calendar: https://modwm.com/radio-show/complimentary-consultation/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=10-percent-penalty Start Planning: https://www.modwm.com/retirement-planning-tool/radio?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=10-percent-penalty Ed Slott Episodes: https://youtu.be/En3ZfP70PYA https://youtu.be/ssZNa1cEpu0 https://youtu.be/RdMk9dyQZWM https://youtu.be/HHPMo9l0yeg Pros & Cons of Converting to a Roth IRA - https://youtu.be/7T_BaFtK4gg IRAs Are Bad for Wealth Transfer - https://youtu.be/zoxwYcLt4-Q Congress Passes New Retirement Rules- https://youtu.be/Pum1ZjIuW_g Inherited IRA Rules and the SECURE Act - https://youtu.be/TUyRlCm04Uo Buying Real Estate in Your IRA? Not So Fast- https://www.modwm.com/buying-real-estate-in-your-ira-not-so-fast/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=10-percent-penalty Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=10-percent-penalty Check out our other podcast! The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow

Dean Barber and Bud Kasper always have a blast when they attend Ed Slott's Elite IRA Advisor GroupSM workshops. At the workshop they attended in April in Baltimore, they reviewed several things to consider before doing Roth conversions. Dean and Bud are going to give a brief recap of what they discussed at the workshop as they go over pros and cons of converting to a Roth IRA on America's Wealth Management Show. More on this episode: https://modwm.com/pros-cons-of-converting-to-a-roth-ira/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=pros-cons-roth-ira See Our Calendar: https://modwm.com/radio-show/complimentary-consultation/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=pros-cons-roth-ira Start Planning: https://www.modwm.com/retirement-planning-tool/radio?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=pros-cons-roth-ira Inherited IRA Rules: https://youtu.be/TUyRlCm04Uo RMD Age in 2023: What's Your Required Beginning Date?: https://youtu.be/WZ9iddTMLUQ Podcasts with Ed Slott Creating a Tax-Free Retirement: https://youtu.be/En3ZfP70PYA Understanding the SECURE Act 2.0: https://youtu.be/HHPMo9l0yeg How to Avoid the Biggest Tax Traps: https://youtu.be/ssZNa1cEpu0 Ed Slott In-Studio: https://youtu.be/RdMk9dyQZWM Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=pros-cons-roth-ira Tax Reduction Strategies: https://www.modwm.com/tax-reduction-strategies/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=pros-cons-roth-ira Tax Rates Sunset in 2026 and Why that Matters: https://www.modwm.com/tax-rates-sunset-in-2026-and-why-that-matters/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=pros-cons-roth-ira 6 Reasons Roth Conversions Could Work for You: https://www.modwm.com/6-reasons-roth-conversions-could-work-for-you/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=pros-cons-roth-ira Buying Real Estate in Your IRA, Not So Fast: https://www.modwm.com/buying-real-estate-in-your-ira-not-so-fast/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=pros-cons-roth-ira Check out our other podcast! The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow

Welcome to another episode of the Tax Tuesday show. Host Toby Mathis, Esq., joins our regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, to help answer your questions. We send a big thank you to all our people online answering your questions today - Patty, Dana, Dutch, Jared, Kurt, Ross, Tanya, and Troy. On today's episode, Eliot and Toby answer listener questions including inquiries about wash sales, what taxes apply to inherited stocks and real estate and the appreciation on inherited real estate, buying vehicles and how much is deductible and when, and setting up a brokerage account for a charity so it can receive donations of stock. If you have a tax-related question for us, submit it to taxtuesday@andersonadvisors. Highlights/Topics: If I have a company and want to loan money to another company using a promissory note, but I don't want to charge them interest to do so, are there any tax impacts to my company? What is the recommended way to do this if so? – if it's over $10,000 we got to charge interest to what it boils down to. Do you need to pay both capital gain tax and estate tax for inherited stocks? – Well, typically, if you inherit something, you're not going to pay any tax because of the approximately $12 million lifetime exclusion. If the gift or inheritance was over $12 million, in this case, you're going to receive stocks at stepped-up basis. Does real estate appreciation restart for 30 years after inheritance? Will real estate appreciation be re-depreciated? – I think what they're trying to get to here is will you be able to depreciate again at 27 and a half years if it's a long-term rental and yes, you will. I have an IRA owned single-member LLC that has invested in three syndications. Two of the three have losses over the last several years, which means it's just kicking down passive losses, it doesn't mean you lost money. One was sold last year and has profit, which is fairly common. Do you use a 990T to report both losses and profits? I don't have to report profits or losses on my 1040, correct? - You don't have to report it on your 1040 because it's all in your retirement plan. Does the holding period for real estate start on the acquired date or the place in-service date? If bought in November 2020 and placed in service, placed in service March 2021, sold December 2021, is this long-term or short-term capital gains? - It's going to be long-term. We're going to go from the date where you closed, that's where the holding period starts. When will we recoup the loss from a wash-sale if we're no longer investing? - We wouldn't run into a wash-sale in this instance because you sold the stock, you take your loss, it's only if you buy back stock or a similar security that you would run in a foul of the wash rule within 30 days of it. When bonus depreciation goes away, what will be the process for cost segregation? How is it calculated and how much will be allowed to be deducted at what time or intervals? - we still can do cost segregation which is just an alternative, We're still going to deduct it. It's just how much is going to go into that 5-year property pile, the 7, the 10, 27.5. I have a 501(c)(3) that I started with Anderson—Kareem and his team are killing it by the way. It is ridiculous. The average wait time to get a nonprofit exemption certificate approved by the IRS is right around seven to nine months. We've been getting them, in some cases, in a matter of days. I was wondering if you were to donate appreciated stock to the charity, how to donate that to the charity properly and how do you record it as a personal donation, with appreciation? Does the charity need to start a brokerage account to receive this stock? – We certainly want to set up a brokerage account in the charity because when it receives that stock, they'll have a place to put it. Should I set up a C-Corp LLC for land flipping business even if I just started, no deals yet? Should I start with the pass-through first then change to a C-Corp once I get more volume? – I would set that C-Corp so you can start building up losses and expenses in that C-Corp. When you flip it and you have that gain come in, you're automatically offsetting against that gain. When you buy a bigger van for the business, do you depreciate it or show it as an expense on the year you buy? Where do I find a list of business expenses that are 100% deductible and other expenses are not? – Well first of all for the van itself, how you're going to depreciate depends of course on the size if it's over 6,000 pounds, etcetera. You probably got bonus depreciation a lot more of it. It may not be 100% anymore, but we probably solved the 80% going on. Is there a maximum number of LLCs that I can use for the IRC-280A deduction? I have two LLCs and I was wondering if I can take the deduction for both? Also, I have a nonprofit and was wondering if I could also have meetings for a nonprofit and the fee for using the space would be a donation from my LLC? - Well, 280A is a provision, it actually comes under a section that is dedicated to not letting you deduct personal expenses in your house particularly. – if you donate $10,000 to your nonprofit, is that the nonprofit can use it for nonprofit purposes. How do adjusted gross income AGI levels affect capital gains? Is it true that AGI below $76,000 will pay no capital gains? - Actually, AGI doesn't have anything to do with this. It's taxable income when we talk about the brackets for capital gains. The $76,000 is an old number. It's approximately $83,000 I think this year. I'm opening a new IRA that will be managed by an IRA with custody TD Ameritrade, it will be funding a new IRA from existing IRAs, so it sounds like a rollover from the same custodian. I have a Wyoming LLC Anderson just set up. Should I open the new IRA in the name of the LLC and will it be a problem moving funds from a personal IRA that is titled with my name? - You can roll one over into the other, but what caught my attention was this Wyoming LLC- you can't just have that connected to a retirement plan. Your IRA needs to set up its own LLC that it owns, and then it can transfer funds into that LLC and go do investing in real estate or what have you. But you do not want to take some other outside LLC that we set up for you and connect that with your IRA, we're not allowed to do that. Rapid-fire chat questions answered at the end of the show Resources: Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors YouTube http://aba.link/youtube Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq  

Most people think buying any one of the major U.S. indexes is a good bet, but we tell you why the Nasdaq 100 isn't a particularly good investment, and you can gain some valuable insights into your financial and investment plans from your tax forms.  00:06 Introduction 00:25 T-Mobile Is Buying Mint Mobile 01:25 Uber, Lyft, and Door Dash Drivers Can Remain Independent Contractors02:21 Potential TikTok Ban Could Benefit Rivals 03:18 Why the Nasdaq 100 Falls Short10:06 What You Can Learn From Your Tax ReturnRead about topics from this episode.T-Mobile Takes a Small Strategic Threat off the Table by Buying MintUber, Lyft, and DoorDash Receive a Favorable California Appeals Court Ruling; No FVE ChangesPotential TikTok Ban in U.S. Would Benefit Google, Meta, and SnapWhy the Nasdaq Isn't a Particularly Good Investment What to watch from Morningstar. Why the Banking Crisis Is a Big DealWhere to Invest? Stocks or CDs?Is Berkshire Hathaway Stock a Buy After Rocky Results?Should You Fund Your 401(k) First or Your IRA? Read what our team is writing:Ryan JacksonChristine BenzFollow us on social media.Ruth Saldanha on Twitter: @KarishmaRuthRyan Jackson on Twitter: @TheETFObserverChristine Benz on Twitter: @Christine_BenzFacebook: https://www.facebook.com/MorningstarInc/     Twitter: https://twitter.com/MorningstarInc     Instagram: https://www.instagram.com/morningstarinc/   LinkedIn: https://www.linkedin.com/company/5161 

In today's episode, Travis Miller, an energy and utilities strategist for Morningstar Research Services, discusses the potential earnings growth for the utilities sector, and which stocks are undervalued.00:06 Introduction 00:35 Pfizer to Acquire Cancer Drug Developer   01:44 Adidas Wheezes 02:51 Squarespace Subscriptions Are Solid, But Are They Enough? 04:10 What's Ahead in the Utilities Sector? 05:08 The Inflation Reduction Act includes credits for energy-saving home improvements and electric vehicles. How are utilities preparing for the rise in electricity demand? 06:11 What kind of financial support will utilities need to carry out this plan? 07:46 Why should investors consider earnings growth, too? 08:44 Now, what are your expectations this year for dividends? 09:20 Now, if investors are looking to invest in utilities, where should they look? 10:40 Utilities sector stock picks 13:21 Don't Ignore the Banking Crisis Read about topics from this episode. Utilities Suddenly a Growth Sector?Why Investors Should Care About the Banking ScarePfizer's Seagen Deal Should Help Offset Upcoming Patent Losses; No Fair Value Estimate ImpactMuch Has Gone Wrong for Adidas Recently, but Its Status as a Popular Global Sportswear Brand HoldsSquarespace Earnings: Resilient Retention and Strong Bookings Growth Even After Price Increases What to watch from Morningstar. Where to Invest: Stocks or CDs?Is Berkshire Hathaway Stock a Buy After Rocky Results?Should You Fund Your 401(k) First or Your IRA?With IRA Deadline Looming, Don't Make These Mistakes  Read what our team is writing: Travis MillerTom Lauricella  Damien Conover David Swartz Follow us on social media. Ivanna Hampton on Twitter: @ivannahampton  Facebook: https://www.facebook.com/MorningstarInc/     Twitter: https://twitter.com/MorningstarInc     Instagram: https://www.instagram.com/morningstarinc/   LinkedIn: https://www.linkedin.com/company/5161/    

In today's episode, Jakir Hossain, a data journalist for Morningstar Inc., talks about the AI-powered chatbot, ChatGPT, and where to look for AI investing opportunities. Timestamps00:06 Introduction 00:31 Berkshire Hathaway's rocky results01:24 Domino's trims sales growth outlook02:20 Intel cuts quarterly dividend03:53 What ChatGPT is and how does it work?04:39 What do Morningstar analysts say about how Google and Microsoft are planning to use chatbots?06:17 Companies like Salesforce and Adobe, they're also using AI. Can you describe how they're doing it?08:13 Artificial intelligence has been around for some time. What are some thoughts within Morningstar about this new phase of AI??09:34 What do Morningstar analysts say about how to take advantage of AI technology right now?13:14 How IRA Investors Can Avoid the 'Procrastination Penalty'     Read about topics from this episode. Berkshire Hathaway Shows Solid Operating Results Offsetting Unrealized Losses From InvestmentsIntel's Dividend Cut Frees Up Cash, but Execution Risk Remains PalpableHow to Invest in the Right AI StocksHow IRA Investors Can Avoid the ‘Procrastination Penalty'What to watch from Morningstar.Should You Fund Your 401(k) First or Your IRA?With IRA Deadline Looming, Don't Make These Mistakes Could Meta Make a Comeback? How Secure Act. 2.0 Changes RMD Rules  Read what our team is writing:Jakir HossainChristine Benz Follow us on social media.Ivanna Hampton on Twitter: @ivannahamptonJakir Hossain on Twitter: @JakirMHossainChristine Benz on Twitter: @Christine_BenzFacebook: https://www.facebook.com/MorningstarInc/   Twitter: https://twitter.com/MorningstarInc   Instagram: https://www.instagram.com/morningstarinc/ LinkedIn: https://www.linkedin.com/company/5161/   

The IRA LLC and Checkbook IRA is one of the best tools. It provides many opportunities but you've got to know the rules to avoid making mistakes.Think of this podcast episode as your “IRA LLC Safety Class,” led by Mat Sorensen and Mark J. Kohler as they guide you past possible pitfalls including:Wrong Set up of Your IRA LLC or Checkbook IRA.Why You Must Respect The Prohibited Transaction Rules.Incorrectly Putting Money into Your IRA.Misunderstanding Taking a Distribution.The Consequences of Not Keeping Your LLC Up To Date.Operating Incorrectly Your Checkbook IRA with Case Studies.Take notes and listen to this episode again to maximize the power of IRA LLCs and Checkbook IRAs!We've added Expert Panels with experience in over 100 different deals on self-directing with alternative assets the 9th Self-Directed IRA Summit. Learn more at: https://sdirasummit.com/Schedule a Free 15-minute new account phone appointment with one of our experienced Senior Account Executives regarding what type of account is best for you. https://directedira.com/appointment

IRAs and other traditional retirement plans are designed to be left untouched until you retire. But what if you need cash flow for significant expenses? Should you make an early withdrawal? Your IRA has a hidden penalty you probably didn't even know existed—think about that for a second. Are you willing to pay the penalty? Tune in to today's discussion that covers 3 key aspects of your IRA so you can fully understand how much you pay in penalties when you put your money where it should not be.   Education - What are the facts? Mindset - Are you terrified of your ability more than the penalty? The Financial Aspect - What is the math behind this thing? If you want better control of your future, join the Wealth Without Wall Street Community: https://www.wealthwithoutwallstreet.com/community (https://www.wealthwithoutwallstreet.com/community) Take advantage of a Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecall (https://www.wealthwithoutwallstreet.com/freecall) Discover Your Path to Financial Freedom:  https://www.wealthwithoutwallstreet.com/path (https://www.wealthwithoutwallstreet.com/path) Join the Passive Income MasterMind:  https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind (https://www.wealthwithoutwallstreet.com/club200) --- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here:https://wwws.link/inner-circle-sign-up ( https://wwws.link/inner-circle-sign-up)

Patriots & Spiritually Enlightened Healers: 800,000 kids missing EVERY YEAR  in the States....40,000 children are estimated to cross into Texas alone and ‘vanish' across the sates - every WEEK…PLUS babies, children, teens and young adults EVERYWHERE around the globe are “Suddenly” dying from blood clots, aneurisms, heart attacks…worldwide the number is estimated in the TENS OF MILLIONS...we Sovereigns know why.  DNA altered with toxic poison from you-know-what. Sure, the Evil is being eradicated…yet, here's how to do it sooner.  To vanquish forever, almost immediately while harnessing Love, God's Light, and Action from Divine Lions and Lionesses worldwide.  No kids allowed to hear this one. So buckle up.   

While everybody flocks to see MY SON HUNTER — the unfettered and uncensored TRUTH is being shared by devout patriot, former US Naval Officer, Serial Entrepreneur and former co-host of WAR ROOM with Steven Bannon, Jack Maxey.  **This is a MUST WATCH & SHARE if you're a patriot of any country, walking with the Light** Because in this EXPLOSIVE Interview, Jack names-names of Bad Actors and reveals what many may find to be US Government CORRUPTION and sinister activity at the highest levels — As our Host stated to Jack during the interview, “This is like volumes of Tom Clancy novels being played out before our eyes in real-time.”.  Yep.  Since Jack has a target on his back simply for DOING THE RIGHT THING (if you saw what they did to President Trump, then you know why), all patriots and warriors of the Light can follow Jack Maxey on GETT'R here  

Are you tired of quarterly payments? Your IRA may be the solution! Join us on Your Retirement Program as we talk about simplifying your tax plan and eliminating quarterly tax payments. Call now to schedule your complimentary Next Steps meeting at 800-928-4001 or learn more at www.yourlifeafterwork.com.   Connect with Financial Enhancement Group: Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits Visit our website at www.yourlifeafterwork.com We would love to answer your questions on air! Give us a call at 800-928-4001 or send them to TalkToFEG@yourlifeafterwork.com

Are you tired of quarterly payments? Your IRA may be the solution! Join us on Your Retirement Program as we talk about simplifying your tax plan and eliminating quarterly tax payments. Call now to schedule your complimentary Next Steps meeting at 800-928-4001 or learn more at www.yourlifeafterwork.com.   Connect with Financial Enhancement Group: Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits Visit our website at www.yourlifeafterwork.com We would love to answer your questions on air! Give us a call at 800-928-4001 or send them to TalkToFEG@yourlifeafterwork.com

Roth IRAs are an excellent investment vehicle for most folks. The contributions are not tax-deductible, but your capital gains are tax-free. You can also withdraw your contributions at any point, without penalty, since you've already paid the taxes on that money. Those are two great advantages of Roth IRAs. Here a few more interesting tidbits you might not know about: 1.You can use a Roth IRA to buy a house. You can take up to $10,000 of your earnings from your Roth IRA to put toward your home. The only catch is that you have to be a first-time homebuyer. Be aware of how much it might cost you in the long-term to take money out of your Roth IRA. At 10.5% interest, that $10,000 is worth over $155k in 25 years. It might be best to find another source of funds, if possible. Consider your retirement. 2. Not everyone can get a Roth IRA. There are income limits and some people simply don't qualify. The numbers can change from year to year, but for 2012, if you're single and make more than $125,000, you cannot contribute to a Roth IRA. Likewise, if you're married and filing jointly, the income limit is $183,000. 3. Dividends are free from taxes. Dividends on investments in your Roth IRA are not taxed. That might not seem like a big deal, but if you own a lot of dividend-paying stock, the amount can really add up over the decades. 4. You can contribute this year and claim it was contributed last year. Any time before tax day (usually April 15th), you can make a contribution and claim it for last year. That means if you were a little short on funds last year, you can still make your contribution and have the option of making another contribution for this year. 5. It can outlast you. If you or your spouse happens to die, the two accounts can be combined without any penalty. Whoever ever said the government never did anything nice for you didn't know everything there was to know about IRAs. 6. It's inheritable. Your IRA can be passed to your heirs without any penalty. With some planning, it's a great way to pass money along after your death. Roth IRAs are very probate friendly, but see your attorney for more details. 7. Even if your spouse doesn't work, they can still have a Roth IRA. Many people believe that you have to be working to contribute to a Roth IRA, but that simply isn't true. Contribute to your spouse's retirement, as well as your own. It's beneficial to you both.

 In this week's educational episode, Mark Hume goes into detail about IRA limits, contributions, eligibility, and a lot more. If you have an IRA, this is an episode that you don't want to miss. Mark Hume, CFP® Senior Vice President Wealth Consultant Email Mark Hume here Fi Plan Partners is an independent investment firm […] The post Tax Day and Your IRA first appeared on Fi Plan Partners.

Tensions with Russia over Ukraine caused the stock market to tank early Monday morning. The markets largely recovered later in the day, but you'd be forgiven if you ran to your bank, got all your money, and stuffed it in the mattress! But should you have worried? Spencer McGowan, Host of "Networth Radio" on WBAP, says actually, it was a "healthy correction" that mostly hit tech stocks and cybercurrency. But what about your 401(k)? Your IRA? Your investments? Should you worry that Russia will tank the stock market? The Rick Roberts Show is on NewsTalk 820 WBAP ... (Photo Courtesy of WFAA) See omnystudio.com/listener for privacy information.

Ramez Fakhoury is an entrepreneur with over twenty years of experience providing service in various settings including the hospitality industry, financial services, and real estate. As the vice president of the IRA Club, his mission is to open doors and opportunities by educating, inspiring, and allowing investors to diversify outside the norm. Let's dive in to learn more about how a self-directed IRA can change the whole game for your retirement plan and investments.   Announcement: Download Our Sample Deal and Join Our Mailing List   [00:01 – 04:32] Opening Segment  Ramez talks about his background. How Ramez met his mentor. How he learned so much about IRA investing The importance of retirement accounts. [05:54 – 12:41] Self-Directed IRA Ramez explains self-directed retirement accounts and IRAs. The difference between a traditional brokerage firm and a self-directed IRA company. He breaks down what self-direction really is. Why now is the best time to look at investing options other than the stock market. The huge difference in capital gains on a self-directed IRA. Why you should take control of your investments and how it can help you exceed the market from what you typically see in the stock space. [12:41 – 29:49] The IRA Club Ramez explains how they support investors at the IRA Club. He talks about their product “The IRA Club Investors Kit” which walks you through the process of getting an IRA Links below Where investors in the IRA Club prefer to put their money in. Are you too old to get a self-directed IRA? Ramez gives us the upsides and the downsides of a self-directed IRA.   [29:49 – 35:25] Round of Insights Apparent Failure: Not understanding how money moves earlier.   Digital Resource: Cab   Most Recommended Book: Money-Making Ideas for Your IRA or Solo 401(k)   Daily Habit:  Exercising   #1 Insight for Multifamily Investing When you incorporate your returns from your multifamily investments within your IRA, the returns are much sweeter.   Best Place to Grab a Bite in Chicago Angelo's Wine Bar   Contact Ramez: To learn more go to iraclub.org. You can find the investors kit here:  “IRA Club Investors Kit”    Tweetable Quote: “There's nothing wrong with the stock market. Everyone's made money in the stock market but you have to look at the alternative space, and now more than ever.” - Ramez Fakhoury “When people talk about ten, twelve, thirteen percent returns on investment - when you do it within a self-directed IRA, the gains are actually thirty percent higher.” - Ramez Fakhoury “Control, in order to invest in what you know and understand best.” - Ramez Fakhoury   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

While all IRAs make it possible to save for retirement and defer the tax on your earnings, they can differ considerably when the time comes to make withdrawals. In this Podcast, Doug DeGroot, Executive Vice President and Jay Faler, Assistant VP and Trust Officer of Providence Wealth Advisors combine to review these differences. Please accept our thanks for listening to this Retirement Planning podcast on Withdrawing from Your IRA.With You Every Step of the WayWith over seven decades of collective experience, Providence Wealth Advisors has the expertise necessary to understand your financial goals and identify the best strategy to achieve them.

How do you figure out the required minimum distributions (RMD) on your retirement accounts? What are the taxes? Can you reduce or eliminate the taxes? In this episode, J Barry Watts and Eric Burlison look at four ways you can reduce or eliminate the taxes owed on your RMDs. Barry and Eric remind listeners of … Continue reading 29. Reducing Taxes on Your IRA or 401(K) Required Minimum Distributions →

In this video, we look at a recent reporting revision by the London Bullion Market Association (LBMA) and how shady it is that they "accidentally" reported much more silver than they actually had. Despite claiming a record increase, they now admitted the truth was less than stellar. This shows the squeeze is still on and it seems like only a matter of time until the silver price skyrockets. Buy Silver ($5 free bonus): https://bit.ly/3mS6dNo Silver in Your IRA or 401k (first month free): https://bit.ly/gldbtc Read the Article from Bullion Star: https://www.bullionstar.com/blogs/ronan-manly/lbma-misleads-silver-market-with-false-claims-about-record-silver-stocks/ 

Your IRA can be for more than just traditional investments.    In this episode, Carey Ann, Monte and Jason talk with Mike Todd from IRA Innovations about how your IRA doesn’t have to be locked into Wall Street only type investments.    *****You can listen to this and all recent episodes at: www.talkmusiccity.com   We Educate and Motivate All Things Real Estate! Have a question about buying/selling real estate and mortgages? Email questions@talkmusiccity.com or use #talkmusiccity to get your question answered!   The Talk of Music City Real Estate is sponsored by Music City Removal: www.musiccityremoval.com   Self-directed retirement arrangements have been around for over 30 years and offer the same tax advantages as traditional IRAs and other retirement plans. Because your accounts are all self-directed, you make all the decisions.   A few things that came up:   -Offering people alternative investments other than traditional 4:00 -How to use an Self-Directed (SD) IRA to buy a home? 5:05 -What does Self Direct mean? 5:50 -What's the difference between conforming and non-conforming loans? 8:45 -How to buy a home with your SD IRA 10:15 -Benefits of using your SD IRA to buy a home 11:15 -Your SD IRA can partner with people 14:05 -SD IRA is really for investment purposes only 16:05 -Can you use vacation property that is held by your SD IRA? 17:30 -What are the costs to convert your traditional IRA to a SD IRA? 23:15 -Biggest concerns would be the disqualified people 25:00 -Why aren't more people doing this? 29:10   Mike has been with IRA Innovations since 2007 building relationships and teaching others about the merits of self-direction for their IRAs and their financial future.   Follow/contact Mike: www.wisernashville.com     __________________________________________ Carey Ann Cyr manages and operates one of the Top Branches for CMG Financial in Franklin, TN. She and her team have become known for closing nearly impossible deals! They have processed over 300 million in mortgages since 2016 with over 613 families ushered into their dream homes! Contact Carey Ann: www.yourtnlendingsolution.com Monte Mohr owns Realty One Group Music City and has sold over $1 Billion dollar's worth of real estate and over 3000 homes sold over his 30+ year career! Interested in joining Monte as an agent? www.topagentsuccess.com The Talk of Music City Real Estate is Produced, Voiced and Edited by www.jimmccarthyvoiceovers.com     Interested in joining Monte as an agent? www.topagentsuccess.com   The Talk of Music City Real Estate is Produced, Voiced and Edited by www.jimmccarthyvoiceovers.com    

Your IRA or solo(k) can start and fund a small business. Tax lawyers and co-founders of Directed IRA, Mat Sorensen and Mark Kohler cover the three common strategies small business owners should know when looking to start a small business with their retirement account funds. They cover using an IRA/LLC, utilizing a solo(k) or other 401(k) with a participant loan, and the Rollover on Business Start-Ups (ROBS) structure which includes a c-corp and a specialty 401(k). The right structure to use depends on the small business owner’s situation and there isn’t a one-size-fits all strategy.

Building your retirement income plan can become complex.  There’s a lot to put together. You know what assets you have, but how do you organize all of these tools to work together to create sustainable income?    It’s kind of like a jigsaw puzzle. The first step is to separate the pieces into categories. Even though everyone’s pieces will look a little different, Stephanie and Kevin help you see how you can use different vehicles as retirement income.    Key topics discussed:  Categorizing what assets you have is the first step to start your retirement income plan  (01:08) Using U.S. Government funded programs such as Social Security & Medicare (03:12) Other sources of possible income (06:55) Your IRA is not just an investment vehicle (09:28) Using your home as equity (10:41) What role do annuities and life insurance play? (12:07)   Resources mentioned:   Free inventory worksheet can be downloaded here: https://download.filekitcdn.com/d/tcbLcNwXz1FStJwceH9fUD/eqHQ9efpu2KDhRG4yH9Rpu   _____________ If you like what you’ve been hearing on this podcast, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com    You can find the transcript and all of the information about this episode at sofiafinancial.com/podcast   Follow Stephanie on Twitter, Facebook, YouTube and Linkedin.  Follow Kevin on Twitter, Facebook, YouTube and Linkedin.

David Treece introduces you to a new voice. His name is Martin Ruby, and he wrote the book the The No-Compromise Retirement Plan. Ruby is an actuary so his perspective is different than what we normally hear. Ruby states, “Your IRA is full of risks. In fact, saving for the future is one of the most significant financial risks most of us take in our lifetime.” You may understand why listening to what an actuary has to say about retirement planning may be really beneficial.David outlines 3 Conflicts In Our IRAs that he covers early in the book. The conflicts are:#1 Growth vs. Protection #2 Income vs. Legacy #3 You vs. the IRSEach of these conflicts present challenges for our retirement planning. And many people think you have to accommodate these challenges, but you don't!Also, David will tell you how to get this book for free. Mark Cuban article mentioned Nervous about the market article mentioned Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Clients Excel, LLC are not affiliated companies. Investing involves risk, including potential loss of principal. Any references to protection, safety, or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the insuring carrier. This podcast is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual’s situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Clients Excel. The use of logos and/or trademarks of podcast hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program. Roth IRAs offer tax free income if distributions are taken after age 59-1/2 and the account has been open for at least 5 years. When converting funds to a Roth IRA, ordinary income taxes are due on the amount converted in the same year, and ideally should be paid with funds outside of the retirement plan. A Roth Conversion is a taxable event and may have several tax related consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA. 675011-07/20

In this episode of Upticks, “The Secure Act and Your IRA”, Jake Falcon, CRPC® and Matt Johnson, CTS™ discuss the Secure Act and the impact it could have on your IRA. Jake and Matt cover required minimum distributions, IRA contributions, and beneficiary designations. If you've had questions about the Secure Act, you'll want to check out this episode. Jake and Matt do a great job taking a deep dive into three aspects that are impacted.

In episode 212 of Financially Simple, Justin considers whether or not you should use your IRA to buy investment property. Can you use your IRA savings to invest in real estate? Yes, you can - but should you? Justin looks at the ins and outs of using your IRA to invest in property, and gives his advice on whether or not it is a good idea. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 02:00 - Should You Use Your IRA to Buy Investment Property? 03:07 - Real Estate IRA Rules & Regulations 04:18 - You Cannot Buy Your Own House 05:45 - You Cannot Have “Indirect Benefits” 06:33 - You Cannot Use Your Personal Name 07:18 - Real Estate Can Be Purchased Without 100% IRA Funding 08:25 - UBIT Tax 09:16 - Expenses Must Be Paid From Your IRA 10:20 - Real Estate IRA Income Must Return to Your IRA 10:49 - So, Should You? 15:56 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9. Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _________________   BIO: Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.

When David is working with a client, his recommendation is to reach the zero percent tax bracket is by having 5 to 7 streams of tax-free income. These can include Roth IRA’s, Roth 401(k)’s, and L.I.R.P.’s. David often asks advisors what they think is his favorite. Rarely, will anyone guess the truth is RMD’s (Required Minimum Distributions). The holy grail of financial planning is any investment that gives you a tax deduction on the front, grows tax-deferred, and you can take it out tax-free. A Health Savings Account and an IRA or 401(k) that allows you to get a deduction on the front end, grow the money tax-deferred, and then allows you to take a portion of the money out tax-free are two of the few vehicles that tick all the boxes. You want a balance in your 401(k) that’s low enough that it’s equal to or lower than your standard deduction and doesn’t cause social security taxation. You can use the calculators on davidmcknight.com to figure out your number. You can also learn your magic number, the amount of money you need to shift each year to achieve your ideal balance. Your IRA and 401(k) only becomes the holy grail of financial planning if they have the ideal balance. That’s when it becomes tax-deductible on the front end, grow tax-deferred, and the money can be taken out tax-free. If you have a high deductible health care plan, an HSA is a good idea because when you put money in, you get a deduction, and when you take money for a qualified health care purpose, you get it tax-free. If your RMD’s are equal to or lower than your standard deduction and don’t cause your social security to be taxed, they become the true holy grail of financial planning. If somebody says to you that you should convert everything you have to a Roth IRA, you have to think about what is going to happen your standard deduction in retirement. If everything is in the tax-free bucket your standard deduction will essentially be left idle. There is an opportunity cost of moving too much of your money from tax-deferred to tax-free. If someone recommends a financial plan that only features the L.I.R.P., you need to run the other way. The L.I.R.P. has significant shortfalls and is not the perfect solution, it’s only one piece in the puzzle of getting to the zero percent paradigm. The holy grail of financial planning is really about establishing the perfect amount to have your tax-deferred bucket. If your advisor can’t tell you what that number is, you’re probably not dealing with a Power of Zero advisor. The ideal approach to Power of Zero retirement planning is to call on as many of these streams of tax-free income in retirement as possible. Each account and investment is meant to be a solution to a specific situation and they only complete the picture when put together the correct way. The L.I.R.P. is for addressing the highest risk in retirement, namely a long term care event. In some cases, almost dying can actually be worse than dying by decimating the assets that would normally go to your spouse. Make sure you have lots of different streams of tax-free income, none of which shows up on the IRS’s radar but all of which contributes to you being in the zero percent tax bracket. Above all make sure you’ve got some money left in your tax-deferred bucket so your standard deduction isn’t left languishing. Determining the right amount to have in your tax-deferred bucket is critical, in a rising tax rate environment anything above that amount should be shifted over to tax-free.

Your IRA, or 401K is one your biggest retirement assets. But there’s a dark side to these accounts that nobody wants to talk about. Don't miss Retirement Solutions Radio show. Air Date: 7/27/19

7/13/2019 Hour 3 Is Congress coming for your IRA?, annuities in new tax accounts, Facebook settlement, ETFs - next big thing The post Is Congress Coming for Your IRA? appeared first on Paul Winkler, Inc.

Your IRA or 401(K) is one of your biggest retirement assets, but there’s a dark side to these accounts that nobody wants to talk about. Don’t miss this episode of Wealth From Wisdom.

If you are married filing jointly with taxable income of $77,400 or less, you are in the 12% tax bracket. However, add $1 more and you are in the 22% bracket. See how that works? $77,400 = 12% bracket. $77,401 = 22% bracket. This is how marginal rates work: the more income you receive the higher the tax rate on that additional income will be. The tax you paid on your previous income doesn't change though. You only pay higher taxes on the amount that puts you into the next bracket. How Qualified Dividends and Long-Term Gains Are Taxed Now, let's say you have total income of $70,000 which consists of $60,000 of work income and $10,000 in the form of Qualified Dividend Income (QDI) and Long Term Capital Gains (LTCG). But you need $80,000 to maintain your lifestyle. So you take a $10,000 distribution from your IRA. That puts you in the 22% tax bracket. The following April you go visit your tax guy to file your taxes. Your tax guy gives you what you initially thought to be a pleasant surprise. He says that you only have to pay 15% on the $10,000 you received as dividends and capital gains even though you are in the 22% tax bracket. This is good news, right? Unfortunately, the reason you're in the 22% bracket to begin with is the IRA distribution put you there. Now, you owe over $3,000 in taxes. This is bad. You wise up and use a different strategy for the following year. You still need $80,000 to get by. You're still only making $70,000 from work and dividends. To make up the difference this year you take a distribution from your Roth IRA, not your Traditional. Now, when you go back to your tax guy you really do get a pleasant surprise: you pay $3,000 less in taxes! “Wait a second. How can this be?” You ask. Your tax guy explains. “Your IRA distribution last year not only increased your marginal tax rate to 22% but it also made your dividends and capital gains taxable as well. That $10,000 IRA distribution cost you $1,500 in income tax plus $1,500 in taxes on your dividends and capital gains. A double-whammy if ever there was one! “Because your Roth distribution is tax free you remain in the 12% bracket. Taxpayers who are in the 10% or 12% brackets do not pay tax on their qualified dividends or long term capital gains. So, not only do you not pay taxes on your Roth, you don't pay taxes on your other investment income either!” Isn't the Roth beautiful? Taxpayers in the 10% or 12% Brackets Pay ZERO on QDI and LTCG Many people believe they are saving on taxes with their IRA because they are deferring the tax until later. This is true for some taxpayers, especially those currently in a high tax bracket. Deferring a high tax now until later when they may be in a lower bracket is smart planning. But what about taxpayers in the 10%, 12% or 22% brackets? Are they actually saving taxes by deferring though? I don't think so. Some analysis, of course, would need to go into your specific situation but don't simply fall for the fallacy that deferring income saves taxes. It most certainly may not. In fact, as the example above shows, it could actually lead you to pay more in tax, maybe even a lot more. To close this chapter, please remember you want to reduce ordinary income taxed investments, like bonds and Traditional IRAs, and increase your tax favorable investments, such as Roth IRAs, qualified dividends and long-term capital gains. If you can get your income to be from Social Security, Roth distributions, qualified dividends and long-term capital gains, you are going to be in a very good place from a tax perspective. --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

02:53 - During the shutdown, a complaint was made about the number of people who died at a National Park affected by the shutdown. Gregory checks out the stats, and shows it's safer now compared to the normal death rate at National Parks. 06:52 - David in Uptown is 78 and receiving Social Security, but asks Gregory if he can increase his benefit by suspending it for a couple years? Gregory explains that after you turn 70, you get no credit for delaying a benefit from Social Security. If you don't need the money, many people donate it to charity. 10:13 - Andrew in Mandeville is a few months of retirement, and wants to know how to minimize his exposure to risk. He also plans to sell his commercial property, and wants Gregory's advice on how to handle that lump sum. 33:28 - Is this the bottom of the market slide? Gregory explains some of the numbers to track to know when the market will turn around and it's safe to get back in the pool. 41:59 - The next Gregory Ricks Live in already more than halfway full, and it's always more popular when the markets are going a little haywire. Reserve your seat for our wine, wisdom, and food experience and find out if you should be working with Gregory Ricks and Associates. 44:59 - There IS such a thing as risk-free investing. Gregory shares how he helps those who insist on ZERO risk investments. Risk-free investors are often happier during a market downturn. 49:02 - Kevin on Facebook Live asks where to put his 401k money in a downturn. Gregory says most 401ks have a stable value money market option that can get you out of risk. 52:52 - Johnna in Marrero is thinking about turning on Social Security early, but heard there's a penalty if he continues to work. 57:42 - The government shutdown may cause your tax refund to be delayed. The IRS is still processing some tax filings during the government shutdown, but it appears it's doing the one with a check included first. If you're expecting a refund, your taxes may be put to the back of the line until the shutdown gets sorted out. 1:05:26 - Fred in Mandeville asks Gregory about how the 4% rule pertains to Required Minimum Distributions on his IRA. Gregory informs Fred the two rules have nothing to do with each other. Your IRA's Required Minimum Distribution is calculated using a divisor based on your age, and the 4% rule is an old rule of thumb about how much you could take from assets and sustain principle. 1:11:18 - The Military gets a decent pay raise for the second year in a row. Gregory has some ideas on how to best utilize the new money for the future. 1:18:32 - Larry Kudlow, a Trump economic advisor, gives a glowing optimistic take on the economy just a few hours after the stellar job report for December was released. Gregory shares his thoughts on Kudlow's comments on the economy, trade with China, and where things are headed. 1:30:17 - Tim in Metairie asks Gregory how to handle the tax hit on two inherited IRAs for his mom. 1:38:09 - There's a better way to manage your investments than Buy and Hold. 1:42:12 - Susan in New Orleans was has turned on her own Social Security early, but can she switch to her ex husband's record and get a bigger check? Maybe so! 1:50:28 - Lori in Vancleave leans on Gregory for financial help going through a divorce settlement, and what her Social Security options are post divorce. 1:56:13 - Yvonne in Jackson recently retire and now has a check from her old 401k. What should she do with it? http://www.WinningAtLife.com

Your IRA or 401k may be your largest asset, and the single most important key to retiring successfully. Aside from looking at your balance every month, when is the last time updated or rebalanced your investments? Join Paul West and Erin Wood to discuss the critical mistakes people make with their IRAs or 401ks, and how you can avoid losing your money in retirement.

Did you know that Your IRA does not have to be at your bank or broker? In today’s episode, Tom discusses how you can extend your IRA investment options through a self-directed IRA. Maybe you are interested in rental property, or flipping property, or private loans, or gold, or digital currency. All of these investments can be held by a self-directed IRA.

02:10 - Gregory shares some issues you need to know about when inheriting an IRA. Spousal IRAs havesome extra options, and mistakes can be costly. Even something as simple as retitling the IRA incorrectly can have a profound effect. 24:59 - Andrew in Madisonville is inheriting an IRA, and wants Gregory's guidance on how to best position that money to cover college costs for his daughters. 28:18 - Randy in Picayune asks Gregory the rules on how much you can contribute to an IRA after age 50. He also wants Gregory's thoughts on if he should be converting some of his money from a traditional IRA to a Roth IRA. 37:14 - Your IRA can't invest in collectibles, with the exception of a few minted precious metal coins. 43:01 - Steve in Houma asks Gregory to elaborate on the backdoor Roth IRA. Steve has heard us mention in before, and is above the income limits for direct contributions to a Roth IRA. Gregory shows him how the backdoor Roth conversions has been used for other people in similar situations. http://www.WinningAtLife.com

"Stand your ground. Do not fire unless you are fired upon, but if they mean war, let it begin here." 1775, Battle of Lexington and Concord, Captain Parker Intro: Kelly Coughlin is CEO of BankBosun, a management consulting firm helping bank C Level Officers navigate risk and discover reward. He is the host of the syndicated audio podcast, BankBosun.com. Kelly brings over 25 years of experience with companies like PWC, Lloyds Bank, and Merrill Lynch. On the podcast, Kelly interviews key executives in the banking ecosystem to provide bank C-Suite officers risk management, technology, and investment ideas and solutions to help them navigate risks and discover reward. And now your host, Kelly Coughlin. Kelly Coughlin: This is part-two of my interview with Kirk Chisholm, a wealth manager with innovativewealth.com and the Innovative Advisory Group in Lexington, Massachusetts. Kirk, are you still on the line? Kirk Chisholm: I'm still here, Kelly. Kelly Coughlin: Great. Kirk, let's talk about Lexington. That's a famous town in American early Republic history. Kirk Chisholm: Yes, it is. We are surrounded by our country’s heritage. I'm actually surprised at how few people, where I say where I'm from, who actually point that out. I appreciate you pointing that out. Kelly Coughlin: I love early Republic history and Revolutionary War stuff. I have since I was in fifth grade, I think. Kirk Chisholm: We have a lot of that in Boston, too. It's all over the place. It's really interesting. I think living here, we don’t appreciate the heritage that surrounds us everywhere. I walk around the city and I see it, but I don’t always appreciate it, because we're surrounded by it every day. It's nice, especially times like the 4th of July, when they have the parades in Lexington. It's nice. Nice thing to bring you back to the way things used to be hundreds of years ago. Kelly Coughlin: Well, Kirk, just to get caught up here. In our first interview, we talked about more of the mechanics of IRA custodians and trustees in the alternative space. While it's a topic that I think tends to be a bit of a boring topic, the work that you've done in this space is very impressive. Since our first interview, I've dug into more of what you've put out, and I would highly recommend that people that are interested in this space go in and get your publication, Ultimate Insider’s Guide to Self-Directed IRA Custodians and Administrators. If you're really bored with your life, go get that book, and you'll be an expert on it. It's quite impressive what you've done. In part one, we talked about the “sausage” of these custodians and administrators, and the features and benefits that are required and customer service and a little bit on fees. Today, I thought we'd talk about some alternative investment choices and options that individuals can have in their IRA, and I want to start out with a discussion about holding real estate in an IRA. How does that work, and doesn't that present some problems? Unlike traditional securities, once you buy it, then there's really no ongoing cost to maintain the asset. Real estate is just the opposite of that. You've got physical maintenance costs, insurance. You've got taxes. You've got all these costs related to just holding the asset. If it's a rental property, you've got to collect the rents. If you own this asset in your IRA, do all of the costs to hold the asset and to maintain the asset and the receipts on the asset, do all of those revenues and expenses have to go through the IRA? Or can you carve expenses out and deduct those? That kind of thing. Kirk Chisholm: It's a really interesting topic. Real estate, while it is the most common alternative asset held in IRAs, it is also one of the more complicated ones. I always find this interesting that people want to invest in this complicated structure. This is just without an LLC. This is just straight real estate. The way it works is this. You cannot transact with your IRA. You cannot sell a piece of real estate to your IRA. Your IRA cannot sell a piece of real estate to you. You're a disqualified person as are some other people. There's a list of disqualified people. You cannot transact with yourself. Effectively— Kelly Coughlin: With any asset, not just real estate. Is that correct? Kirk Chisholm: Any asset, yes. Any asset. That's a clear rule in the Internal Revenue code. What's interesting is, you have to consider your IRA like one of the neighbors on your street that you really don’t like. You're not going to loan this guy money. You're not going to work for free on his house, help him out for free. You're not going to let him borrow your lawnmower. There's things that you don’t like the person, you're not going to do these things for them. You have to treat your IRA the same way. You can't loan your IRA money. You can't work on the real estate, because that would be called sweat equity. You're not going to give away your labor for free to some other person. There's many things you cannot do. You have to look at your IRA as completely separate entity, in that if you own a piece of real estate, you're going to have a broken toilet. You're going to have to fix the roof. All of these different things are part of owning rental property. In the case of real estate, you have to hire somebody to do these things. You cannot fix your own toilets, and I know the landlords out there listening to this are going to cringe at the idea of hiring somebody to do something they can do themselves. It's hard, but you cannot do it yourself. If you think you're trying to get around the rules, I can assure you, you won't. The IRS is much smarter than you. Kelly Coughlin: You can't set up an LLC management company to do that on your behalf? Kirk Chisholm: Who’s the owner of the LLC? You? Then, no. Owned by some other third person at arm’s length? Then, maybe. You have to hire somebody else. You can do the hiring. You just can't do the work. You could do administrative functions. You can pay the bills. You can hire people, but you can't do the work yourself. You basically have to find a property manager to do it for you. It's the easier way to do it. Through this process, your IRA has to pay for these fixes. If they have a new roof, you have to make sure you have enough money in your IRA to pay for that roof. Effectively, that's one of the problems with real estate is that you might buy it for $100,000, but you need to have an extra $20,000 or $50,000 sitting around for expenses, for other things, just to make sure that you don’t run out of cash. Or, you have a good line of credit somewhere. Then, when you borrow money, that brings up another level of this, which makes it more complicated. Your IRA, like yourself, potentially can file a tax return. You might think, you own real estate in an IRA. I don’t have to pay taxes. Maybe. If you're buying it just straight out for all cash, then probably not, but if you have a mortgage on it, you may have to pay taxes. Look at it this way. If you buy a property for $200,000 and you put $100,000 into it, because that's all you have in your IRA, and you borrow the other $100,000, your equity is still $100,000. You don’t pay taxes on your equity. You pay taxes on the asset amount that you don’t have. You have $100,000 of assets that is backed by debt, you have to pay taxes on the levered amount. Effectively, 50% of your income is taxable, potentially. Now, that being said, you would have to file a tax return on your IRA, which of course, you also get the deductions of real estate, so you may not have to pay taxes. The levered amount would be treated as if it was an individual. You get the amortization. You get depreciation, the deductions, all of that. You do get all the benefits. You don’t lose those, but potentially, you would have to pay taxes on that. It does bring in a level of complication that many people are not aware of. Real estate is, on many levels, can be complex and in some ways, harder to deal with. If you own an LLC, that can make it easier for the custodian and for you, but it still has to go through the LLC. The process is the same. In some ways, it can be simpler, but in other ways, it can also raise more issue. Real estate is not simple. Other assets are generally simpler. You buy it and then it does what it does, but real estate tends to be a little bit more complicated because of all the moving parts. Kelly Coughlin: In addition to real estate, talk about other investments. What are you seeing out there? What are some of the most interesting choices that you see investors have made over the years that you've put into this business? Kirk Chisholm: We've got a lot of stories. I don’t where to begin, but I'll tell you a few of them. One of my all-time favorite assets to invest in, which actually is one of the earliest assets that I was looking at when I started this journey into self-directed IRAs was tax liens. The reason I love tax liens is because you're effectively getting essentially really high rate of interest. In the state of Florida, you can get 18% interest. You have a superior position to any mortgage or lien on the property. You're almost guaranteed to get paid off the money owed, or you would own the property. I look at it as a great asset that so few people know about, and it's such a great asset. I believe a few years ago, there were six banks that had $200 to $300 million portfolios of tax liens. It was just a phenomenal money maker for some of these firms. Certainly, the institutional demand has driven the rates down a lot, but you can still find good rates in some of these states. That's one of my favorites. Some of the other interesting ones was, I had a client who invested in a payday lending business in the state of Missouri. The state of Mass, I believe, the most you can charge interest without it being usury, I believe, is 20 percent. I think it's 20%, 25%, or something like that. Anything over that is usury. In the state of Missouri, you can charge 30% a month on some of these loans. I don’t think this individual is doing God’s work. He's really, I don’t want to say preying on the people, the underprivileged. Charging 30% a month, getting 360% a year on somebody who, it's basically on payday loans. They need money today, but they don’t get paid until Friday. They're borrowing at that rate. I don’t see that as a great business, but if you take out the moral implications and just look at it from the financial perspective, that's a pretty darn good business. Even if you have losses, you're still getting 100 to 200% returns, which is pretty fantastic. Kelly Coughlin: The only problem is, you've got to pay Tony Soprano, put him on the payroll, to collect for you. Kirk Chisholm: Oh, no. No, no, no. Not in the state of Missouri. On title loans, yes. You have to find a repo guy to repo the car. In payday loans, this is something that blows my mind. If I get a payday loan from you and I don’t pay you, the constable throws me in jail until I can pay. Now, how that is even remotely logical is beyond my comprehension. You're saying if I don’t pay, you're going to put me in jail until I can pay? How’s that going to work? How am I ever going to get out of jail? The process of some of these things is completely absurd, but the reality is, the laws in place support this activity. If you remove the moral implications, effectively it's a pretty strong way to collect. Like you said, Tony Soprano to collect for you, you don’t have to. The state is doing your job for you by putting these people in jail. The point I'm making is, it's an interesting asset class that I'm sure some people will find interesting, but it's one of many. We have another client who invested in a horse, a dressage horse. This I found extremely interesting. I knew nothing about dressage horses before this. My business partner did the due diligence. He became an expert on dressage horses. There are a lot of rules that you have to abide by with IRAs and 401ks, and there are a lot of exceptions to those rules, and there are some exceptions to those exceptions. Kelly Coughlin: Generally speaking, you cannot do the work on the asset. Once it gets funded, you've got to keep an arm’s length or relationship with that asset. Correct? Kirk Chisholm: Yes. I'll close up this little topic with this. Let's say you want to buy a business and you want to run that business and get paid for running that business. You cannot do that in your IRA, but you potentially can do it inside of a 401k. There are ways to do things. You just have to understand what the rules are and follow them. If there's exceptions, you can take advantage of those exceptions. There are ways to do things. Part of what we do in this process is working with our clients to help them facilitate the transaction so that it's not become a prohibited transaction, because we as a registered investment advisor are fiduciary. We're liable if we mess something up. We make sure that things are done absolutely correctly and there's no room for error. There are gray areas, because certain standards haven’t been defined by court cases or what have you, but we're not putting ourselves on the line. We're making sure that whatever we do is okay. When we do these things, we're definitely not playing in the charcoal part of the gray, if you know what I mean. Kelly Coughlin: Is that your sweet spot at Innovative Advisory Group? Helping clients that have these nuanced alternative investments they want to do? Whether it be they want to do something unique in their IRAs or their 401k? Is that your sweet spot? Or is your sweet spot investing in portfolio management, overall wealth management generally speaking? Kirk Chisholm: The way I would characterize it is this. We have a lot of clients who don’t work with alternatives, and that's fine. We're actually agnostic when it comes to asset classes or investments. We have our theories, as most people do. Everybody’s got a theory as to what works best, but in general, I don’t look at it and say, stocks are better than bonds or horses are better than cows or real estate is better than stocks. I don’t really care. I look at each investment individually, and I look at it and say, given the broad scope of what we have to work with, what is the best way to invest? And is this investment itself a good investment? We do a lot of traditional portfolio management, but when it comes to alternatives, there are really two types of clients that come to us. One type comes to us and says, I want to buy a horse in my IRA. Can you help me do this? Which we will. We have a lot of people come to us with very specific investments that they need help with, and that's a big part of what we do. We have another part of business where clients come to us and say, I just want to invest in alternative assets. I don’t like the stock market. It scares me. I don’t want any part of it. Can you please find me something that's alternative that makes sense? For those people, we have built up a network of investment sponsors that we do work with to help fulfill that need in the portfolio. We do have clients that have really interesting stuff. We don’t generally offer that to most of our clients, because it's very niche, and it's not what we do. We have found ways to be able to find, in our opinion, good alternative investments that are really lower risk and do provide consistent returns and things like that. We do have areas that we look at, and we're constantly expanding that. I know one area that we do actually a lot of work with is private mortgages. One of the reasons we like private mortgages is, both my partner and I love real estate. We think it's a great asset class for so many reasons. However, right now, I think real estate is expensive. I know that real estate is very closely tied with inflation. If we ever had deflation, real estate would be negatively impacted in ways that most people haven’t even thought of. I've written about this a few times. It's happening in Japan right now. In general, buying real estate long-term is great if you can find a great deal. When you have private mortgages, you more or less are investing in real estate. You get a yield that is reasonable to you. You know what that yield is. You don’t have to deal with tenants. You don’t have to deal with expenses. You don’t have to deal with all of the headaches that go along with real estate, but you still have a rate of return that's tied to real estate. You're getting your yield, whatever it is, 5, 10, 15%, whatever it might be, although I don’t advise finding a private mortgage for 5%, but some people do. You find, let's say call it 10% for the sake of argument. You get that yield. If they ever don’t pay you, you foreclose on the property. You own the property. If you're okay owning the property, then it's basically for the price that you lend the money. Then, you really have a pretty good investment there. We look at it and say, it's light work for the investors. It's not light work for us. We do a lot of work on it, but we don’t have a lot of the headaches that go along with owning real estate, and you don’t have to own it for 10, 20 years. Most of these private mortgages are one to two years. You have a very short maturity. You have a high rate of return, and if you do it right, you can do it relatively low-risk so that if the market turns sour and things get really bad out there, then these notes mature and you can use your cash to buy real estate or stocks at a discount. In our opinion, one of the better asset classes, given the current rate environment that we find ourselves in, we really like that asset class. There are some others, too, that we like, but that tends to be our most popular one at the moment. Kelly Coughlin: You've done a significant amount of work in this space of the self-directed IRA market. You've seen a lot of the providers out there, and you've seen a lot of different deals, a lot of different alternative assets that have come through your desk. I guess my question to you is, since our audience for this series of podcasts with you is really community and regional banks who I think it's safe to say, are not specialists in alternative asset business. It might be that many of them simply say, no. We're not doing that. Would it be an accurate statement for me to say that your position would be that any financial institution that doesn't specialize in this or that hasn’t adequately and thoroughly resourced this business line should stay out it? Should not get into it at all? Is that an accurate statement? Kirk Chisholm: Yeah. I would definitely agree with that. For the last 40 years with the IRAs have been in existence, some firms have come and gone from this part of the industry. I think that there are some banks on our list. They do this to a moderate degree, and there are some banks that provide custody for administrators and all they're doing is providing custody. They're not really doing anything else. The problem with the custodians, if you're doing that model is, you still have to provide oversight. You still have liability. Even though the administrators are doing all the legwork and the administration, as a bank you still have oversight. The administrators do something wrong, then you're ultimately liable. The bank still has to provide compliance on these accounts, which means, obviously you have to hire a compliance person to deal with this. If you're doing it at scale, then it perspective makes sense. If you're not doing it at scale, then it doesn't, because why are you going to hire $100,000, $125,000 compliance person to do a handful of transactions? Probably not high on your list of things to do. It can make sense in some ways. I think a lot of the administrators have collectively focused on only a handful of custodians that do most of their work. They provide their oversight, but in general I would say, most firms should not do this kind of work unless they're actually going to specialize and decide that they want to do this as a business model. You can't do this with a kind of sort of thing. You really have to put your efforts in. Kelly Coughlin: Okay. Then, the follow up to that would be this. We have a banker that listens to this. Let's say he's a CEO and he says, you know what? We're thinking about getting into this business. We're going to get out of it. Let's see if we can set up a relationship with Kirk and his group. Would you be willing to have a relationship with a community bank, whether it be in your footprint there or the state of Kansas or anywhere else where you would agree to help their customer that has an alternative asset, that needs some help, but you're not going to poach the relationship for the other part of the business? Are you open to that kind of relationship?   Kirk Chisholm: Yeah. It's a great question. We have relationships with many different financial institutions. We as a firm, we will work with other financial institutions, because they don’t know what they're doing with self-directed IRAs. They don’t have the experience. They don’t have the background or the infrastructure. What they'll do is, they'll say, we have a client who wants to invest in this horse. Can you help us? We will work directly with them on that, and manage that asset. We don’t poach the relationship with the client. We just work directly with the advisor. It's the same way we're working with a bank or another financial institution. If they want to come to us for a very specific transaction, we will work with them directly and make sure it's done properly. If a bank wanted to offer these services and do that, we certainly offer consulting services. Kelly Coughlin: Right. Your primary footprint is in Lexington. What county is Lexington in? Kirk Chisholm: Lexington is in Middlesex County, but we actually have clients all over the world. We are not location specific in our firm. We have clients across the country. We have some international clients as well. We're not really location specific. As I'm sure your audience knows, in this environment, it's becoming more and more virtual. We actually have fewer and fewer people who want to come back, stop by the office anyway. Everything is virtual now. Kelly Coughlin: Well, Kirk, I think you're doing some really terrific things. I keep picking on IRA custody as being kind of a boring sausage business, no sizzle, but you're doing some pretty interesting things with it. So, congratulations on that, and I know that you've got a business partner there who does a lot of the due diligence on deals. I looked at his resume. He seems like a pretty capable guy, too. So, congratulations on building a unique and high-value financial advisory wealth management practice. I think it's pretty cool. Kirk, why don’t you give us another plug for how listeners should get ahold of you if they wish? Kirk Chisholm: The easiest way to reach us is at our website. It's innovativewealth.com. On our website, there are a lot of free resources that you can learn more about us, about me, about self-directed IRAs and alternatives. Also, we have a free gift for listeners of this show. If you go to innovativewealth.combankbosun-podcast, you can get a free gift for that. Kelly Coughlin: Thank you for that. I want to put a plug in for this riveting publication. So exciting. A Quick Start Guide to Self-Directed IRAs. Kirk Chisholm: Yeah, thanks, Kelly. I appreciate that. I almost forgot to mention that. We put together a few resources for self-directed IRA investors, or CPAs and attorneys or people who specialize in the self-directed IRA space. Really, anybody who’s interested in this space. We have resources for pretty much all comers. There is a quick start guide to self-directed IRAs for people who are just learning about them and want to know more. It provides a lot of great resources to get you started on your journey. We have the Ultimate Insider’s Guide to Self-Directed IRAs, which effectively includes the Quick Start Guide. It's really comprehensive. If you're looking for a custodian or administrator for your retirement account, you have to pick between one of 47 companies. This resource will help you make that decision in the best way possible. We put together some really in-depth due diligence on each of these companies with over 100 data points in each one. We also have fee calculators for each of these companies, because even though there's a fee schedule, sometimes it's hard to figure out what you're actually going to pay. This fee calculator allows you to estimate what it would cost you to use this custodian based on your investment strategy. This is probably one of our more well sought-after resources. I can't tell you how many times people come to me and say, I'm just really unhappy with the fees I'm paying. I didn't know I was going to pay this much, but if you do all this research up front, you won't have that experience. The last one is really a comprehensive resource for people in the industry. It's really access to all of our research. You can get access through the website. Kelly Coughlin: I appreciate your time, and I wish you luck going forward. Kirk Chisholm: Thanks a lot, Kelly. Appreciate the opportunity to speak here. It was a lot of fun. Kelly Coughlin: Thanks. Cheers. Outro: We want to thank you for listening to the syndicated audio program, BankBosun.com. The audio content is produced and syndicated by Seth Greene, Market Domination, with the help of Kevin Boyle. Video content is produced by the Guildmaster Studio, Keenan, Bobson Boyle. Voice introduction is me, Karim Kronfli. The program is hosted by Kelly Coughlin. If you like this program, please tell us.  If you don’t please tell us how we can improve it. And now some disclaimers, Kelly is licensed with the Minnesota Board of Accountancy as a certified public accountant. The views expressed here are solely those of Kelly Coughlin and his guest in their private capacity and do not in any way represents the views of any other agent, principal, employee, vendor or supplier.

Can you buy an OFFICE BUILDING in your self directed IRA or 401k?  I’ll bet you think the answer is YES, don’t you?  Actually, it’s only MAYBE.  I’m Bryan Ellis.  I’ll tell you why right now in Episode #239 of Self Directed Investor Talk… ---- Hello, SDI Nation!  Welcome to the podcast of record for savvy self-directed investors like you where all we ask is 7 minutes a day… and what you get in return is self-directed investing MASTERY! A great show is in store for you today and I’d like to remind you that you can ALWAYS get to the show notes for any show by putting the episode number after the domain name SDITalk.com.  For today, the show notes page is SDITalk.com/239… and you really should check it out.  You doubtlessly hear me referring to articles, studies and links from time to time in this show, and all you’ve got to do to get access to all of that EXTRA SDI-goodness is to visit the show notes page where you’ll find the show itself, a full transcript, and all of the resources I just mentioned.  Again, today’s show notes page is SDITalk.com/239. There’s one more link you should be aware of.  It’s SDITalk.com/credit.  I’ll make this short:  If you have any need for investment or even business funding, and you’d like to get up to $250,000 at a ZERO interest rate, then go to SDITalk.com/credit, sign up for the free webinar that’s offered there, and learn how to do it.  The guys behind that – Ari and Mike at Fund & Grow – are REAL pros, and they’ve provided over $4 MILLION in zero interest credit to your fellow members of SDI Nation in the past 12 months alone.  Check them out at SDITalk.com/credit. Ok, so can you buy an office building in your IRA? This question was prompted by an article I saw where a rather conventional financial advisor struggled to answer this question correctly, so I’ve decided to grace you with the actual CORRECT version of things. The simple answer?  YES.  Your IRA can own an office building.  There’s nothing in the law governing IRA’s – unless it’s changed dramatically in the last 24 hours – that prohibits your IRA from owning real estate, commercial buildings included.  Same for 401k’s – they are absolutely allowed to own real estate. But there’s a BIG BUT – that sounded a little vile, hmmph – there’s a big EXCEPTION to consider, which is: Many commercial properties are owned by a business entity of some sort – such as a corporation or LLC.  And it’s that entity which owns the real estate, and all of the accoutrements necessary to make that building a productive asset, like office equipment and such. So the real question to ask yourself is:  Am I buying real estate, or am I buying a business entity that owns real estate. Still, one would think that there’s no problem, because just as the tax code governing your IRA doesn’t prevent your IRA from owning real estate, it also doesn’t prohibit your IRA from owning business entities. So we’re good, right?  If the building is owned by an entity, just buy the entity, and it’s all good… right?  Your IRA can just buy the entity that owns the building and you’re all set… right? You’d certainly think so since neither real estate nor business entities are on the short list of totally prohibited asset types.  (Incidentally… do you know the things that ARE on the totally prohibited list of asset types?  You can find out on the show notes page at SDITalk.com/239.  Yes, that’s a shameless plug to get you to visit the website.) PROHIBITED ASSSETS go here in the fancy box https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-investments So can your IRA buy the entity that owns that building? Well… maybe.  Probably, even. But if the entity that owns the building happens to be an S corporation, then your IRA is kind of out of luck, even though the Employee Retirement Income Security Act of 1974 - better known as ERISA – the law which created the IRA, certainly doesn’t prohibit it. But it’s prohibited nevertheless.  Under the law that created S corporations on the federal level, there are some limits to who can own shares in S corporations.  I’ll link to the relevant materials for you on SDITalk.com/239 but bottom line:  IRA’s are excluded from that list. So, in this, as in everything where rules and regulations are concerned… reality is a bit more nuanced than any of us would like it to be. But there is a type of real estate I know you CAN own in your IRA… and that is TURNKEY RENTAL PROPERTY!  You can learn more about that by calling my 24-hour free recorded info line at 773-TURNKEY, 773-TURNKEY. And a quick note – for any of you out in the Bay Area of California, well into Silicon Valley and surrounding areas… be sure to listen to the RADIO version of Self Directed Investor Talk every day at 3:00 pacific on KDOW 1220, the Wall Street Business Network!  Those of you NOT in the Bay Area can listen in very easily too, through iHeartRadio… just stop by the show notes page at SDITalk.com/239 for a link to KDOW’s live feed on iHeartRadio. And YES… we’ll likely be in more markets very soon, like as in the first quarter of 2017, so very soon. My friends… thanks for joining me and remember:  Invest wisely today, and live well forever! See acast.com/privacy for privacy and opt-out information.

The RISE Act Proposal is the biggest threat to self-directed IRA investors we’ve ever faced. Two episodes ago, I told you how Mitt Romney’s massive $100 million IRA prompted the creation of the RISE act, which I explained – in all of its terrifying detail – in the last episode.  Today, you see how this is ABSOLUTELY, POISTIVELY connected to the Trump vs Clinton choice we’ve all got to make on election day, November 8.  The next 7 minutes are overwhelmingly important to the future of EVERY SINGLE self-directed IRA investor.  I’m Bryan Ellis. This is Episode #231. ----- Hello SDI Nation, welcome to the podcast of record where we help you to declare independence from Wall Street and build a financial legacy for future generations.  Today I’ll show you how the future of the overwhelmingly NEGATIVE RISE act proposal is INTIMATELY connected to the Trump vs Clinton choice.  Remember – right now RISE is just a proposal, but not law.  Today you learn how to make sure it never, ever becomes law. Just a heads up… in today’s show, you’re going to hear me refer to the show notes page a few times.  That page is SDIRadio.com/231 and it’s got some really important, profoundly relevant things for you, including the links to Part 1 and Part 2 of this 3-part series.  So when you hear me refer to today’s show notes page, know that I’m referring to SDIRadio.com/231. But first – folks, you’ve doubtlessly heard of my friends over at Fund & Grow.  These guys are absolute magicians when it comes to helping their clients acquire zero-interest lines of credit… lines of credit that are essentially just signature loans, not even secured by real estate or anything else.  Think about that, folks… what if you could finance that real estate deal using a zero percent interest loan?  It’s a game changer, and that’s exactly what my friends Ari and Mike over at Fund & Grow do.  I say they’re magicians, but in truth, they just follow a great, great process that’s very reliable.  For people with decent credit or better, it’s totally achievable to reach $250,000 in zero-interest credit… and my friends, they’ve actually generated over $2.9 million worth of that type of credit for your fellow listeners just this year alone.  So my recommendation?  Check them out, and do it now… at SDIRadio.com/credit.  Again, that’s SDIRadio.com/credit.  You’ll be glad you did. So in episode #229 I showed you how Mitt Romney built a $100 Million IRA… and how the disclosure of that account may have, in part, cost him the presidency.  And in Episode #230 I showed you how the negative publicity that generated led to the proposal of the RISE Act by socialist Senator Ron Wyden, democrat from Oregon… an act that, frankly, if it passes into law, it will be a catastrophe of cataclysmic proportions for self-directed IRA owners. So what do we do about this?  We here at Self Directed Investor Radio, and our parent organization the Self Directed Investor Society, are here as YOUR ADVOCATE against government encroachment of your rights. Frankly, I’ll have a lot more to say after the coming week to guide you about how to respond to this threat, but in the coming week, you have a HUGE opportunity to DIRECTLY impact this particular issue… to cut it off at the knees before it ever takes root. How?  The way to do that is to WISELY cast your vote, both at the Presidential and at the Congressional levels. Here’s are 3 things we know for sure: First, If Republicans maintain control of both houses of Congress, the RISE act proposal will never see the light of day. As it currently stands, this proposal is little more than political theater to stoke the passions of Wyden’s bleeding-heart, entitlement-oriented constituency.  But if Democrats take both – or even EITHER house of congress – on Tuesday of this coming week, then this proposal stands a very, very real chance of introduction and passage The second thing we know is that If Hillary Clinton is elected President, you can bet your bottom dollar she’ll be totally on board to support this proposal. Hillary is no friend of your wallet.  She’s already proposed MASSIVE increases in income taxes and estate taxes, and mark my words:  Your IRA is a juicy target to her.  She famously made – and never, ever retracted – this statement: “Many of you are well off enough that the tax cuts may have helped you.  We’re saying that for America to get back on track, we’re probably going to cut that short and not give it to you.  We’re going to take things away from you on behalf of the common good.”  Think you aren’t wealthy enough to be in her crosshairs?  Think again:  You don’t need to be in the top 1%.  More like the top 20%... and it only takes a family income of $111,000 per year.  Not a high standard, folks. The last thing we know is that If Donald Trump is elected, we don’t have any overt indication of where he’d fall on this issue. To my way of thinking, this is Trump’s greatest weakness:  We don’t have profound clarity on his positions because he’s not a politician with a long paper trail.  But what we do have is an overt proclivity in his published position papers IN FAVOR OF capitalism, small business and tax reduction.  That, in and of itself, is a huge positive.  Trump makes me nervous… nervous in a lot of ways.  But he’s definitely SAYING the right things in terms of showing respect for you and your wealth. So folks, if you’re voting with an eye towards the safety and security of your self-directed IRA… not just now, but for years into the future, then here’s what I recommend you do on election day, Tuesday, November 8: I recommend you vote AGAINST the philosophy of Hillary Clinton and Ron Wyden that will profoundly damage your self directed IRA by SUPPORTING Donald Trump.  And I recommend you hold your nose and have a bias in favor of Republican candidates for the US House & Senate.  I say that NOT because I’m a Republican.  I am NOT.  I find the Republican party – and the Democrat party – to be utterly negative and nothing more than a voice for the “elites” of this country who think they know how to run our lives better than we do. But where your retirement savings are concerned – and that means the financial security of your family, and of future generations – there’s simply no plausible argument to suggest that Hillary Clinton or any of Senator Wyden’s fellow democrats have any interest in doing anything with your money other than taking more of it away.  The RISE Act is prima facie evidence of that.  That proposal actually To vote for anyone who thinks like Wyden or Hillary is to vote against yourself, and to vote against the security of your IRA and retirement savings. And that, my friends, is the cold, hard truth of how you should vote on Tuesday if your retirement account matters to you.  Hold your nose, and vote for Trump and the Republicans.  Set aside petty concerns and vote to protect your family’s financial security – and your financial legacy – by supporting Trump and the Republicans. My friends… invest wisely today… and live well forever. See acast.com/privacy for privacy and opt-out information.

3 things – very bad things – happen INSTANTLY, the very moment you commit a dreaded PROHIBITED TRANSACTION in your self-directed IRA, and you need to understand them.  I’m Bryan Ellis.  This is episode #221.  ----- Hello, SDI Nation!  Welcome to the podcast of record for savvy self-directed investors like you, where we help you build great wealth WITHOUT relying on Wall Street!  Be sure to visit SDIRadio.com/221 for today’s show notes and transcript and resources I mention in today’s episode. Over and over again, you’ve heard me warning you about the dangers of prohibited transactions in your self-directed retirement account, and particularly in self-directed IRA’s.  But today we’re going a bit deeper. But let’s start at the beginning:  What is a prohibited transaction Here’s a good generalization:  A prohibited transaction results whenever you use your IRA in such a way that you, or someone related to you, derives benefit from the money or assets of the IRA outside of the context of retirement.  So if you buy real estate with your IRA and then you or your family use that real estate yourselves BEFORE it’s distributed to you during retirement, that’s a prohibited transaction.  If you borrow money from your IRA, that’s prohibited.  If you sell to or buy from your IRA, that’s prohibited.  If you use your IRA as collateral for a loan, that’s prohibited.  You get the idea.  The common theme is you’re doing something with your IRA that benefits you or a related party NOW rather than benefiting you during retirement. But what REALLY happens when you commit a PT?  Let’s just say that you – completely unwittingly and quite surely without malice or intent to commit a PT – do something… anything… that the IRS regards as a Prohibited Transaction.  What actually happens at the moment you do the dirty deed? Well, there are 3 distinct things that happen, and they are: #1.  SILENCE.  That’s right… silence.  You’ll hear nothing.  You’ll see nothing.  There won’t be red flags waving or IRS agents knocking down your door.  There will be a whole lot of nothing.  That’s because the IRS – and most likely you, too – don’t even know it’s happened.  Almost nobody commits a PT intentionally, and so when it happens, you don’t even know it.  And so you continue onward… potentially for years… acting as if nothing has happened, continuing to use your IRA as before. And it may happen that nobody ever finds out you did it.  Generally speaking the only way your error would be “found out” is through an audit of your IRA, which may happen soon, or a long time into the future, or never happen at all.  And unfortunately, there’s no totally clear statute of limitations on this stuff.  There’s case law where the IRS hit an IRA owner about 10 years after the PT. So you commit a PT in your IRA, and you experience a whole lot of NOTHING right away.  But silence isn’t all that happens, because if the IRS later determines you’ve committed a prohibited transaction, you’ll discover the next thing that happened when you did so, which is: #2:  Your IRA ceased being an IRA instantly.  Actually, your IRA ceased being an IRA as of January 1 on the year when you committed the PT.  So… no more deductions for your deposits.  No more tax-free sale of assets and tax-free reinvestments.  No more legal protection from things like lawsuits, bankruptcies and creditors.  Basically, your IRA just becomes a financial account that has no benefits for you whatsoever. Here’s the problem… you don’t know this has happened.  And so you continue to use your IRA just like before… making deposits… buying assets… selling assets… the whole thing.  And you think you’re using an IRA.  But you’re not… which gives rise to the 3rd thing that happens immediately when you commit a PT, which is: #3:  You begin accumulating taxes, penalties and interest… at a BLISTERING rate.  So maybe it’s 2016 right now and you commit a PT today, but you have no idea you’ve done so.  So 2017, 2018, 2019 come along and you make a full contribution – and take a full tax deduction – for each of those years.  That would be fine if your account was an IRA, but remember… it isn’t.  And so you’re taking tax deductions to which you’re not entitled, and the IRS is going to hit you to repay those taxes along with penalties and interest. But that’s not the bad part.  The REALLY bad part is that every transaction you perform in your IRA from January 1 of the year you messed up, up until the present day, several years later… well, all of those transactions are FULLY TAXABLE.  But you won’t be paying taxes on them, because you think you’re using an IRA… but you’re not.  This is where the pain can reach stratospheric levels, because, as you know, it’s entirely plausible that you could be dealing with REALLY big profit margins in your IRA… and you’re expecting those profits NOT to be taxed.  But they’re wholly taxable, and you’ll have to pay penalties and interest on top of back taxes, and all of that begins to accumulate instantly when you commit your PT. That, my friends, is why it’s COMMON for people who commit a PT to lose half or even substantially more of the value of their IRA… they commit the PT completely without awareness and they continue on acting as if they are receiving the benefits of an IRA for many years… only to discover that those benefits vanished very suddenly several years before, and the only thing that’s been growing in the mean time is NOT their retirement savings, but their debt to the IRS.  In a single moment, years of diligent saving and wise investing can be wiped out, and the IRS hasn’t shown a lot of proclivity towards mercy in these situations.  It’s a horrible situation to be in. So my friends… when using your Self-Directed IRA, always err on the side of caution, opting to seek expert advice early in the process of each investment, so you’re not stuck dealing with the ugly fallout of this problem.  There aren’t very many attorneys who really know this stuff well… so I’ll save you a heap of trouble and recommend one to you… his name is Tim Berry and you can get his contact info over at SDIRadio.com/tim.  If you think you’ve committed a PT, you should do yourself a favor and reach out to him right away.   My friends, we’ve got a lot of EXCITING STUFF headed your way ont his show in the coming days, so do this:  If you’re listening on iTunes BE SURE to SUBSCRIBE to this show… it costs you nothing, but guarantees you that you won’t miss anything.  And whether you’re listening on iTunes or in any other way, be sure you’re on the SDI Private Notification list by texting the word SDIRADIO to 33444. My friends… invest wisely today, and live well forever! See acast.com/privacy for privacy and opt-out information.

What were the HOTTEST EPISODES of Self Directed Investor Radio for all of 2015? I hope you didn’t miss them, because they are SIZZLIN’ HOT! Hehehehe. I’m Bryan Ellis. I’ll tell you what they were and how to find them in the archives – and reveal MY favorite show of the year – RIGHT NOW in this special New Year’s Eve episode #179!-----Hello, SDI Nation. Welcome to the podcast of record for savvy self-directed investors like you.It was a milestone day, February 2, 2015. That was the day that Self Directed Investor Radio was launched EXCLUSIVELY as a podcast, and not as a radio show in any market.And yet… here today, less than a year later, far more people hear this show every single day than hear most radio shows across America. The growth has been AMAZING and I’m so grateful to YOU!Most of you found this program through iTunes which is great… but unfortunately, Apple is constantly toying around with that system, frequently adjusting the number of back-episodes to which they provide access. That’s too bad, because many of our older episodes were very, very well received. And with that, I’d like to take just a few minutes to share with you the top 5 episodes of 2015 – judged purely by the number of downloads:The FIFTH most popular episode of 2015, titled “Is your IRA liable to file tax returns”, Episode 48 revealed a truth that shocks many people: Your IRA isn’t completely tax exempt, and can very easily have tax return filing requirements. In fact, there are relatively FEW categories of transactions that can be done in an IRA that do not create a tax filing requirement, and in episode #48, a shocked America discovered the truth. You can check it out for yourself at SDIRadio.com/48.The FOURTH most popular episode of 2015: Titled, “Two Very Bad Signs About The U.S. Economy”, Episode #114 on August 13 warned about two hugely problematic indicators for the U.S. economy concerning CHINA and concerning activity in the U.S. stock market. And not coincidentally, the Dow Jones Industrial Average had dropped by nearly 2,000 points in the 2 weeks following that warning. You can hear it for yourself by visiting SDIRadio.com/114.The THIRD most popular episode of 2015: Titled “SKIP LANDLORDING! How To Really Make Cash Flow From Real Estate”, Episode #39 was a treatise of my feelings about investing money as a private lender, and I still feel that’s the best overall strategy, even better than owning rental properties for MOST investors. Both strategies are great, but to find out why I think private lending is a better place to START and to base your portfolio, particularly for newer real estate investors, check out episode #39 by visiting SDIRadio.com/39.The SECOND most popular episode of 2015: Titled “How To Buy Real Estate FAR BELOW It’s Actual Value” Episode #56 revealed a strategy that absolutely, positively works to get real estate at great prices. It’s particularly apt for those of you who only want to acquire an extra 1-4 properties per year, as it allows you to be very selective. This strategy is an ACTIVE strategy, meaning you have to work at it every month, although the time requirement is not big. But for those of you who are ACTIVE real estate investors looking for great deals, be sure to check out Episode 56 at SDIRadio.com/56.And DRUMROLL PLEASE…. Ok, no drumroll, we haven’t gotten that fancy yet. The most popular episode of 2015, Titled “CAUTION! Why rental property should NEVER be the foundation of your portfolio”, Episode #47 took a lot of people by surprise. Can rental property be a great investment? ABSOLUTELY! Should it be where you start? For most people, the answer is a resounding NO… and in episode 47 – a very controversial episode – you’ll find out why. You can listen in at SDIRadio.com/47.So there you have it… the top 5 most downloaded shows of 2015 for Self Directed Investor Radio.But there’s something about that stat you should know: The unique nature of podcasts… and the ability to download past episodes… means that older episodes will always have more listens that newer episodes.So to wrap up today’s show, I’d like to tell you about my favorite episode of the year. In fact… it wasn’t a real episode. It was something of a “filler” because I chose to take the day off and spend it with my family. It was my treatise on the very best investment available… that will beat the socks off of anything in which you’ve ever invested before. Check that one out… it’s at SDIRadio.com/best.My friends, this year has been amazing, and I’m so grateful to all of my loyal listeners, and grateful to have the opportunity to turn you casual listeners into the more loyal type! The new year will be full of wonderful opportunity… and I’ll share those opportunities with you, like I did in Episode 162 at SDIRadio.com/162, where I told you about an overlooked market that my team is taking advantage of for the benefit of our clients… and I’ll tell you, that market is being very good to us!The new year will be full of risk, too… and I’ll do my best to tell you about that stuff before it happens, just like I did in the previously mentioned Episode 114 where I give you a nearly 2-week warning before the Dow Jones got crushed.The new year will be full of changes… changes in the law – such as the really, really big one I alerted you to in June in Episode #90 about a huge Supreme Court decision that bodes very, very badly for the rights of real estate investors in America… and I, of course, suggested some ways to minimize that impact. You can hear that at SDIRadio.com/90.But most of all, the new year will be full of LIFE… beautiful, wonderful life for which we have the distinct honor and opportunity to be grateful every single day. There’s an extremely high probability that anyone hearing this podcast lives in one of the WEALTHY countries… such as here in the United States, where our “poverty line” would allow people in most other countries of the world to live in unimaginable splendor. We should all be so grateful for these opportunities, the risks that create them, and the time we’re given so that every single day can be a work of beauty… and it’s all up to each of us every single day.Hey folks, that’s all for 2015! Next year will be great, and I’d like to take this opportunity to thank GOD, who is faithful all the time, even and especially when I’m not. And I’d like to thank my wife Carole whose raw intelligence, incredibly productivity and impressively accurate instincts have made a huge difference in our business this year, and whose grace and beauty blow my mind every single day. I mean every single day. I love you, Carole.My friends, have fun tonight, but stay safe. We’ve got a lot of great things to do together in 2016!And of course… invest wisely today, and live well forever! See acast.com/privacy for privacy and opt-out information.

Chuck Oliver and The Hidden Wealth System - Get the IRS out of Your IRA, Today by Chuck Oliver

What is a SERIES LLC, and why are self-directed investors so excited about this new legal structure?  I’m Bryan Ellis.  I’ll tell you the good AND the bad about Series LLC’s right now in Episode #134.-----Hello, SDI Nation!  Welcome to the PODCAST of RECORD for savvy self-directed investors like you!So have you heard of it?  This thing called a “series LLC”?  It’s a relatively new type of legal structure that offers the flexibility of multiple legal entities in one, in a manner of speaking.So, for example, let’s say you create a new LLC called SDI LLC and you register it as a “Series” LLC.  What this means is that by creating that one entity, you have actually created a virtually unlimited number of entities because you can then, without paying additional registration fees, create additional entities such as SDI Series 1 LLC, SDI Series 2 LLC, SDI Series 3 LLC, etc…Now here’s what’s cool about that… the governing law for this type of structure explicitly states that, in the eyes of the law, that each of those series are SEPARATE business entities.  This means that, each separate series you establish of that LLC has separate TAX liability, separate LEGAL liability, an entirely distinct LEGAL identity… even though you don’t have to pay additional fees to register the additional series after the first one.That has some real relevance for me and you as Self Directed Investors.  Here’s why:  Let’s think about this in the context of real estate.Let’s imagine you have 15 different pieces of property.  Some are residential, some are raw land, some are commercial.  But you have 15 different pieces, and they’re all owned by your IRA.And one day, somebody slips and falls on one of your properties – let’s just say it’s property #7, a nice little house on Main Street – and they’re seriously injured.  They’re going to sue everyone with any connection to that property, which will quite surely include your IRA as owner of the property.What happens if they win?  What happens if they get $5,000,000 judgment against your IRA?  Well, what will happen is that they’ll be able to, in one way or another, take away not just the property on Main Street where the accident happened, but all of the others as well, until their $5M judgement is satisfied.  That’s because, in the eyes of the law, those assets have the same owner, and it’s THAT owner – your IRA – that must satisfy the judgment.  In one fell swoop, your IRA is now worthless.Just as an aside, I know that some of you are thinking that your IRA provides protection against lawsuits, so you need not be concerned.  That’s not really true, folks.  If you PERSONALLY were sued and lost, then there IS some protection for your IRA in that kind of situation.  But that’s not what we’re talking about.  We’re talking about YOUR IRA being sued because IT is the owner of this property, and not you personally.  In that case, the assets of the IRA are up for grabs if it loses the lawsuit.And that’s where a Series LLC might come into play.  The way some people are using these things is that they’re setting up a Series LLC that’s owned by their IRA, and then they’re creating a separate series of that LLC – essentially a separate business – to own each piece of their property.The theory there works like this:  Instead of your IRA owning 15 separate properties, it owns a series LLC with 15 separate series, each of which contains one piece of property, including that infamous property #7, the nice little house on Main Street.  And when there’s an injury on that property that results in a lawsuit with a $5M judgement, things work out a little differently this time because Property #7 is not actually owned by your IRA directly.  Instead, it’s owned by SDI Series 7 LLC.  And since that house is the only thing owned by SDI Series 7 LLC – because every other property is in a different Series of SDI LLC – then you still take a hit… but it’s only against Property #7.  All of the other properties are safe, being legally separate from the one asset where there’s a big judgment.Sounds pretty good, doesn’t it?  I’ll admit, the theory is extremely attractive.But don’t do it, folks.  At least, not right now.  Here’s why:The fact is that Series LLC’s are just too new from a legal perspective.  There’s not enough case law to predict what’s going to happen when you’re actually on the other end of a lawsuit or a bankruptcy or a tax audit.  The uncertainty factor is stratospherically high.In fact, as of this time, only 13 states plus the District of Columbia and Puerto Rico even offer Series LLC’s.  And those states don’t use the same law.  For example, in some states, like Nevada, you can add as many series to your LLC as you want at no additional cost.  But in other states, you actually have to pay additional fees for each series.But the real question is in the states where there are no Series LLC laws.  What you really can’t predict is whether each Series will be considered as a legally separate entity in those states.  And even if you only do business in a state where there IS series LLC legislation, the reality is that it’s still entirely possible you could face legal action out of state from a vendor or from a person living in another state who just passes through your area.And it’s more than that.  Try opening a bank account for a Series LLC in a state where these entities are not yet common.  You’ll find it’s not a simple task.Now folks, I’m not a lawyer.  And I don’t play one on TV.  But even to my simple mind, this Series LLC thing just doesn’t add up.  From where I sit, the only real advantage to it… sometimes, not all the time, but sometimes… is that you might get to form multiple entities without paying additional registration fees.  Again, that’s not true in every state, so even that advantage is questionable.Other than that, I see no clear advantage.  And one huge disadvantage:  No legal history.30 years ago, nobody wanted to use traditional LLC’s because there was no case law for them at that time, either.  But that’s certainly changed, and traditional LLC’s are now a very common and reliable business structure, with plenty of case law to support them.  So maybe case law will catch up, and the Series LLC will become a viable and solid structure like the normal LLC.Unil then, may I make a suggestion?  Leave the Series LLC to the trailblazers.  Let them get the arrows in the back.  But you, you have two options:One is to just use as many different traditional LLC’s as is necessary to own your various properties.  That’s one option that can certainly work, though it’s a huge pain in the rear in terms of organization and compliance.  A real pain in the rear to be sure.So what’s a better option?  Well, my friends, there’s a strategy for protecting your properties that I absolutely LOVE… and it’s simple!  It requires only 2 LLC’s or other legal structures of your choice, no matter how many properties you own now or in the future.  So it’s very simple, and it’s also very, very simple to maintain.Want to know more about it?  I’m happy to share that info with you.  Later THIS WEEK, I’m releasing a brand new e-Book called “The Portfolio Fortress:  How To Keep Your Wealth Out Of The Hands Of Legal Predators”.  And it will tell you all about this great strategy that’s SIMPLE, SAFE and STRONG.Now, my friends, this is really only intended for those of you at least 3-5 properties or more.  And if that describes you, I really want you to have it.And I’ll not charge you a single dollar for it.  I want you to have it.  I want your assets to be kept safe!  So if you’d like the e-Book and you own at least 3 properties, you can get it at no cost by texting the word FORTRESS to 33444 right now.  Again, just text the word FORTRESS to 33444 right now.  If text doesn’t work for you for some reason, you can email me at feedback@sdiradio.com.  Again, it’ll be released later this week, and until then, I’m offering it as a free gift to listeners of this show. Thanks for listening, and remember:  Invest wisely today, and live well forever! See acast.com/privacy for privacy and opt-out information.

WARNING:  The IRS appears to be poised to implement some SYSTEM-WIDE changes that will place YOUR IRA - no matter how large or small - directly in the crosshairs for audits and scrutiny.  Listen closely, my friends... we can fight back and WIN... listen n See acast.com/privacy for privacy and opt-out information.

Chuck Oliver and The Hidden Wealth System "Your IRA is an IOU to the IRS" by Chuck Oliver

SAY IT AIN'T SO!  Your IRA may actually be liable to file tax returns... but even the IRS isn't exactly WHO specifically (you or your custodian) is required to file it.  Liste in for the scary truth!  SDIRadio.com See acast.com/privacy for privacy and opt-out information.

Join Jason Hartman as he discusses some good takeaways from attendees, speakers and panel discussions at Meet The Masters of Income Property.Here's a sampling:• Best Practices in Property Management• Jason Hartman: The Next 10 Commandments• Market Profile: Atlanta, Georgia• The Power of Analysis• Market & Property Evaluation• Entity Structures for Asset Protection• Cost Effective Property Insurance Nationwide• Market Profile: St. Robert, Missouri• Mortgage Lender Panel - Overcoming Challenges: The Good, The Bad and The Ugly• Financing Investment Real Estate• Getting Your Investments Organized for Success•    Peter - Tax Strategies of Wealthy Investors•    Reed - Market Profile: San Marcos, Texas• The Power of Exchange: IRS 1031 Best Practices• Mortgage & Financial Planning• Market Profile: St. Louis Missouri• Income Property in Your IRA & Roth Conversion

In America, there's a failure to appreciate Europe's leading role in the world. - Barack Obama - European government and private debt is on an unsustainable andunsolvable path. Now, after northern European countries (namely Germany) have spent billions and billions of Euros to save Greece, (who just elected a new government that will tell their lenders to "take a hike"), there is a whole new specter or European debt rising in Spain. But this time it's different.Spain is too big to fail, AND too big to bail out.In this show Bruce exclusively interviews renown economist and best selling author of the Great Crash Ahead, Harry S. Dent and together they review key statistics of Spain, and how this next big blow up will come to YOUR investment portfolio. The foreign threat to America today is still the "domino theory". But this time, it is how the dominoes of unsolvable Eurodebt, will crash the world economy, including the american stock market by 2013.GET THE FACTS! GET SAFE! Listen to "Who's Going to Pay Europe's Debt? You and Your IRA!"and learn to Protect, Prepare, and Prosper, when the trouble hits America.

Tonight on The Front: Incoming! M6.6 class CME is headed our way! US/Canada merger a done deal,Obama signs! Your IRA's/401k's will be seized by the Government,Ill tell you how. Major food distributor SYSCO says "food prices to spike immediately"! Big show tonight, lots of info!!!!