IRA Financial Group Podcasts



Adam Bergman, a tax partner with the IRA Financial Group, is a regular contributor to the Forbes blog.



Please click here to see Mr. Bergman's bio on Forbes and click the links below to read the posts on Forbes.com.



Trump Tax Plan May Boost Attractiveness Of Rollover Business Start-Up Solution

Trump Tax Plan May Boost Attractiveness Of Rollover Business Start-Up Solution

December 5th, 2016

The subject of business taxes was a popular theme during President-elect Trump’s election campaign and will surely become a hot topic during his first year as president.  President-elect Trump has stated that he favors a 15% corporate rate as part of his tax plan as well as eliminate the corporate alternative minimum tax. This rate would be available to all businesses, both small and large, that want to retain the profits within the business...

Click here to read the article on Forbes.com.


Why You Might Want To Wait A Year If You're Considering Roth Conversion In 2016

Why You Might Want To Wait A Year If You're Considering Roth Conversion In 2016

November 30th, 2016

Nearly every December, one of the more common questions directed at tax professionals is whether one should convert their pre-tax IRA or 401(k) qualified retirement plan to a Roth IRA or Roth 401(k) plan.  There is generally no wrong or right answer, but much of the analysis tends to involve the value of the account being converted and the tax rate the taxpayer would be subject to as a result of the Roth conversion. However, the Presidential Election victory by Donald J. Trump could offer some tax planning opportunities for individuals contemplating a Roth conversion in 2016...

Click here to read the article on Forbes.com.


How A Trump Presidency And Lower Taxes Affect Your Retirement Planning

How A Trump Presidency And Lower Taxes Affect Your Retirement Planning

November 28th, 2016

President-elect Donald Trump’s tax plan has received significant amount of attention since his election victory. Even though most of the details are not yet known, a reduction in income taxes across the board (for individuals, businesses and investments) are expected.  In addition, a repeal of the estate tax regime is a strong possibility. Irrespective of how many Americans or businesses will or will not benefit from a reduction in taxes, its potential impact on retirement planning is intriguing....

Click here to read the article on Forbes.com.


Why The Roth IRA May Be Big Winner In 2016 Presidential Election

Why The Roth IRA May Be Big Winner In 2016 Presidential Election

November 16th, 2016

With the 2016 presidential election behind us, we can all start thinking about what this country will look like under President Donald Trump.  Notwithstanding all the pre-election campaign rhetoric about immigration, foreign policy, etc., one thing we are quite certain about is that President-Elect Trump is serious about reducing personal income and corporate tax rates across the board.  Both President-Elect Trump and House Speaker Ryan have put forth proposed tax reform plans and lawmakers will likely consider both plans when coming up with future American tax policy....

Click here to read the article on Forbes.com.


Buying Gold Or Coins In An IRA Creates Possession Issues

Buying Gold Or Coins In An IRA Creates Possession Issues

September 7th, 2016

Thanks to significant advertising by precious metals and coin dealers, it has become widely known that gold, silver, palladium bullion, as well as certain coins can be purchased with retirement account funds. In fact, Internal Revenue Code (“IRC”) Section 408(m) sets forth a list of approved precious metals and coins that are not considered “collectibles” and may be purchased with retirement funds. Even though IRC Section 408 generally deals with IRAs, section (m) applies to both IRAs and 401(k) plans....

Click here to read the article on Forbes.com.


Your IRA Can Be A Lousy Business Partner

Your IRA Can Be A Lousy Business Partner

August 30th, 2016

With the median retirement account value in the U.S. at around $91,800 as of June 2015 according to Fidelity, it is not uncommon for retirement account holders looking to make real estate and other alternative asset investments to consider using some personal funds in combination with their retirement funds. With real estate and other alternative asset prices rising over the last several years, seeking additional funding from non-retirement account sources has become far more commonplace for retirement account investors...

Click here to read the article on Forbes.com.


SEC Crowdfunding Rules May Trigger Unintended Tax Consequences

Finally Some Clarity On What You Can And Cannot Do In Your Self-Directed IRA

July 28th, 2016

Many Americans mistakenly believe that their individual retirement account must be invested in the stock market, or mutual funds. Few Investors realize that the Internal Revenue Service has always permitted real estate to be held by an IRA. The IRS states the following on its website,“IRA law does not prohibit investing in real estate but trustees are not required to offer real estate as an option.” That being said, using retirement funds to make alternative asset investments is still not common knowledge among retirement investors...

Click here to read the article on Forbes.com.


SEC Crowdfunding Rules May Trigger Unintended Tax Consequences

SEC Crowdfunding Rules May Trigger Unintended Tax Consequences

May 13th, 2016

Beginning on May 16, 2016, small businesses and start-ups will be able to sell shares to the American general public on crowdfunding portals. Under the Securities and Exchange Commission crowdfunding rules, an eligible company may raise up to $1 million on the internet in a 12-month period, through either a broker or a crowdfunding portal registered with the SEC...

Click here to read the article on Forbes.com.


One Simple Solution For Getting More Americans To Save For Retirement

One Simple Solution For Getting More Americans To Save For Retirement

March 25th, 2016

About 40 percent of working households with members aged between 25 and 64 having no retirement savings. So how did we get in to this predicament and what can we do to fix it? A very brief examination of the history of retirement saving in this country is a helpful start...

Click here to read the article on Forbes.com.


How To Buy Real Estate With Leverage In A 401(k) Plan

How To Buy Real Estate With Leverage In A 401(k) Plan

January 26th, 2016

The Internal Revenue Code ("IRC") does not describe what a retirement plan can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of retirement accounts for accumulation of retirement savings and to prohibit those in control of the retirement account from taking advantage of the tax benefits for their personal account...

Click here to read the article on Forbes.com.


Business Owners May Be Better Off With Solo 401(k) Than SEP IRA

Business Owners May Be Better Off With Solo 401(k) Than SEP IRA

December 3rd, 2015

A Simplified Employee Pension Individual Retirement Arrangement (SEP IRA) has traditionally been the most popular retirement plan for the self-employed and small business owner. A SEP IRA is a pure profit sharing plan that allows the employer to make up to a 25% (20% in the case of a sole proprietorship of single member LLC) profit sharing contribution to all eligible employees up to a maximum of $53,000 for 2015 and 2016. While a SEP IRA does offer high annual contribution limitations, there is another retirement plan that offers better retirement options for the self-employed or small business with no employees - the Solo 401(k) plan, also know as the individual 401(k) or self-employed 401(k) plan...

Click here to read the article on Forbes.com.


Don't Run Afoul Of Tax Rules With MLPs In Retirement Accounts

Don't Run Afoul Of Tax Rules With MLPs In Retirement Accounts

November 17th, 2015

Master limited partnership (MLPs) continue to experience a painful year, due to various factors, but mostly due to declining oil prices. Despite their poor performance over the past year, fat yields and big tax breaks have maintained the popularity of MLPs...

Click here to read the article on Forbes.com.


New SEC Rules Kickstart Crowdfunding

New SEC Rules Kickstart Crowdfunding

November 2nd, 2015

On October 30, 2015, federal regulators finalized crowdfunding rules under the JOBS Act, giving issuers access to a much larger group of investors - but under certain conditions. Companies will be able to gather up to $1 million in crowdfunding cash per year without registering with the Securities and Exchange Commission. The issuer will have to provide investors details about their business, how they'll use the money, a list of officers and directors, and disclose anyone who owns at least 20 percent of the company...

Click here to read the article on Forbes.com.


Budget Deal Underscores Danger Of Relying On Social Security For Retirement Income

Budget Deal Underscores Danger Of Relying On Social Security For Retirement Income

October 29th, 2015

House GOP leaders struck a budget deal made with the White House just before midnight on Monday, October 26, aimed at averting a government shutdown and forestalling a debt crisis. If approved by the Congress, the deal negotiated between the White House and departing House Speaker John Boehner (R-Ohio), would raise federal government spending by $80 billion over the next two years. It would offset some of that spending with tweaks to Social Security, Medicare and the Affordable Care Act...

Click here to read the article on Forbes.com.


2016 IRA And 401(k) Plan Contributions Remain The Same As 2015

2016 IRA And 401(k) Plan Contributions Remain The Same As 2015

October 29th, 2015

On October 21, 2015, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment...

Click here to read the article on Forbes.com.


Robbing Your Retirement Account To Fund Your Business Invites IRS Scrutiny

Robbing Your Retirement Account To Fund Your Business Invites IRS Scrutiny

September 23rd, 2015

The one thing holding more people back from starting their own business is money or the lack of available funding options. In many cases, Americans' most valuable asset is their retirement funds. In addition to the traditional ways one can fund their start-up business, such as personal savings, bank or SBA loans, credit cards, friends and family, or crowd-funding, there is also the option of using retirement funds, which is unknown to many entrepreneurs and small business owners. These range from using a Self-Directed IRA, a 401(k) loan feature, or using a structure known as the Rollover Business Startup (ROBS)...

Click here to read the article on Forbes.com.


Why You Might Actually Want To Make After-Tax Contributions To Your 401(k)

Why You Might Actually Want To Make After-Tax Contributions To Your 401(k)

September 2nd, 2015

The least popular type of contribution you can make to a 401(k) plan is an after-tax contribution that is not a Roth contribution. It's made with money you've already paid tax on (like Roth contributions). The contributions grow tax-free (like a pre-tax and Roth), but all growth will be taxed upon withdrawal. Therefore, the main difference between a Roth and non-deductible contribution is that income and gains from a Roth IRA or 401(k) plan would, upon withdrawal, be tax-exempt, assuming that the Roth account has been opened at least five years and that the individual account holder is over the age of 59 1/2 (qualified distribution). Conversely, income and gains from a non-deductible IRA or 401(k) plan would be subject to tax upon withdrawal...

Click here to read the article on Forbes.com.


Tax Deferral Is Millennials' Ticket To An Awesome Retirement

Tax Deferral Is Millennials' Ticket To An Awesome Retirement

July 31st, 2015

It may be hard for someone in their twenties or early thirties to start thinking about retiring, especially when there is so much interesting stuff to check out on Facebook, Instagram, or Twitter; but this is exactly the time that a Millennial should start preparing for retirement if one wants to have the chance to nail retirement without having to save a lot of money each year. Listen up, Millennials (or Generation Y, if you prefer): One Direction may sing "Live While You're Young", but if you started saving for retirement while you are young, then you can chill when you're old...

Click here to read the article on Forbes.com.


Investors Gain Flexibility As Money Flows Out Of 401(k) Plans And Into IRAs

Investors Gain Flexibility As Money Flows Out Of 401(k) Plans And Into IRAs

July 23rd, 2015

A recent Wall Street Journal article addressed the growing trend of money flowing out of 401(k) plan to Individual Retirement Accounts ("IRAs") and the negative impact it may have on money management companies, but what the article did not address is the potential benefit this trend could have for retirement investors...

Click here to read the article on Forbes.com.


Beware Unintended Tax Consequences Of Unrelated Business Income

Beware Unintended Tax Consequences Of Unrelated Business Income

July 15th, 2015

In a number of instances a mysterious tax known as UBIT or UBTI, or the Unrelated Business Taxable Income tax could be triggered and could cause financial havoc and turn a potential tax-free investment into a very tax-inefficient investment. The terms UBIT and UBTI refer to the Unrelated Business Taxable Income tax rules found in Internal Revenue Code Section 512, and I will be using the term interchangeably...

Click here to read the article on Forbes.com.


What You Need To Know About Using Retirement Money For Business Funding

What You Need To Know About Using Retirement Money For Business Funding

July 10th, 2015

For most would-be entrepreneurs, the hardest part is not coming up with a business idea or a potential business to buy, but finding the cash needed to start or buy a business. After taking an inventory of their personal finances, the next step on the financing train is usually family and friends. If the train needs to keep moving, the next stop for potential financing is typically a bank or hard money lender that can provide a small business loan. Often this is where the financing train runs out of track...

Click here to read the article on Forbes.com.


Greek Drama Could Spur New Love For Hard Assets

Greek Drama Could Spur New Love For Hard Assets

July 1st, 2015

Greece has been in the news over the last several years due to its financial perils and continued European Union bailouts, but the Greek debt crisis has seemed to have reached a climax. The country's banks and stock market have been closed since the week of June 22, 2015 and Greece could even possibly opt out of the European Union after falling into technical default on Tuesday. Global financial markets shuddered on Monday...

Click here to read the article on Forbes.com.


Choosing The Right Solo 401(k) Plan For Your Business

Choosing The Right Solo 401(k) Plan For Your Business

June 29th, 2015

The Solo 401(k) plan, also known as an individual 401(k) or self-employed 401(k) plan, is an IRS-approved retirement plan which is suited for business owners who do not have any full-time employees, other than themselves and perhaps their spouse. The Solo 401(k) plan is not a new type of plan; It is a traditional 401(k) plan covering only one employee. However, not all Solo 401(k) plans are the same...

Click here to read the article on Forbes.com.


Be Careful What You Put Into Your IRA

Be Careful What You Put Into Your IRA

July 28th, 2011

Individual retirement accounts (IRAs) exist in many forms. In general, if you have income from working for yourself or someone else, you may set up and contribute to an IRA...

Click here to read the article on Forbes.com.


Think About Going Solo In Your 401k

Think About Going Solo In Your 401(k)

July 15th, 2011

Self-employed individuals are eligible to adopt a 401(k) qualified plan just like they would have at any large company or business with employees. The individual 401(k) plan, also known as a 'solo 401(k),' is an attractive retirement savings vehicle to consider...

Click here to read the article on Forbes.com.





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