Archive for the ‘Uncategorized’ Category

Self Directed IRA Prohibited Transaction Case Summary – IN RE: CHERWENKA, Cite as 113 AFTR 2d 2014-2333 (508 B.R. 228), Code Sec(s) 408; 4975, (Bktcy Ct GA), 03/06/2014

July 15th, 2016

The Internal Revenue Code does not describe what a Self Directed IRA 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 IRAs for accumulation of retirement savings […]

Read More →




Thinking of Partnering With Your Self-Directed IRA To Buy Real Estate – You may Want To Think Again

July 15th, 2016

When it comes to real estate, there is a belief by some retirement investors that they can use personal and retirement funds in the same transaction without triggering the IRS prohibited transaction rules.  However, a recent case would seem to suggest that using personal funds in the same transaction with their self-directed IRA. IN RE: […]

Read More →




Congress Finally Making Tax Break for IRA Charitable Transfers Permanent

December 17th, 2015

  After much delay and taxpayer uncertainty, Congress is finally poised to make permanent a tax break for certain charitable donations of IRA assets.   Traditional IRA owners age 70 ½ can continue to directly donate up to $100,000 a year from those retirement accounts to their favorite charities. They won’t get a tax deduction, […]

Read More →




E-Trade Solo 401K Plan – Can I Buy Real Estate?

June 24th, 2015

The Solo 401K Plan is an IRS approved plan that was designed specifically for the self-employed or small business owner with no employees other than the owners(s).  However, not all Solo 401k plans are the same. When it comes to deciding what type of 401(k) qualified retirement plan is best for you, it is important […]

Read More →




Some Prohibited Transactions Using a Solo 401(k)

April 2nd, 2014

Categories of Prohibited Transactions In general, the type of transactions that could fall under the prohibited transaction rules pursuant to Code Section 4975 can be viewed in the context of three unofficial categories: Direct Prohibited Transactions 4975(c)(1)(A): The direct or indirect Sale, exchange, or leasing of property between a Solo 401(k) Plan and a “disqualified […]

Read More →




Buying Real Estate With Your 401(k)

March 11th, 2014

Most people mistakenly believe that their 401(k) must be invested in bank CDs, the stock market, or mutual funds. Few Investors realize that the IRS has always permitted real estate to be held inside 401(k) retirement accounts. Investments in real estate with a Solo 401(k) are fully permissible under the Employee Retirement Income Security Act […]

Read More →




How Does a Self Directed IRA Work?

February 26th, 2014

Making an investment through a Self-Directed IRA LLC can be done in a few easy steps: 1. Set up a Self-Directed IRA LLC. With IRA Financial Group, you no longer have to spend $2,000 to $5,000 or more to set up your Self-Directed IRA LLC. We provide the following all for one low price Free […]

Read More →




President Obama MyRA Proposal Would Negatively Impact American Retirees

January 31st, 2014

MyRA retirement account to have a government guarantee but offer low returns and limited investment options On January 28, 2014, in his State of the Union address, President Barack Obama indicated that he is directing the Treasury Department to create a new type of retirement savings account for millions of Americans that would include a […]

Read More →