Articles
2014 Retirement Plan Contribution Deadlines: Start Planning Now & Don’t Get Left Behind
Retirement account/plan contributions are one of the most powerful tax strategies you can implement but you've got to make them by the deadline so that they can reduce this years tax liability. With the end of the year fast approaching, now is the time to make certain...
Self-Directed IRA & 401(k) Prohibited Transaction Disqualified Person Diagram
The prohibited transaction rules are the most important rules to understand when you self-direct your retirement account. These rules restrict not what investments your retirement plan may acquire but whom your plan may transact with. How It Happens A prohibited...
INHERITING AN IRA, 401(k), OR OTHER QUALIFIED RETIREMENT PLAN FROM A PARENT, FAMILY MEMBER OR FRIEND
If you've inherited an IRA, 401(k), or other qualified retirement plan from a parent, family member, of friend, you have three options on how to receive the retirement plan funds. Each option comes with different tax ramifications and benefits. I'll outline the three...
WHEN TO USE A LIMITED PARTNERSHIP?
Limited Partnerships (LP) have taken a back seat over the past ten years to the more popular Limited Liability Company (LLC). That being said, LPs are still often used to hold assets, raise funds, or to achieve achieve specific tax benefits. Here are 5 things you...
IRS Announces 2015 Retirement Plan Contribution Limits
The IRS recently announced 2015 retirement plan contributions limits. Despite the typical bad news coming from the IRS, this year we see increases in HSA and 401(k) contributions for 2015. Here's a quick breakdown on the changes. - IRA contribution limitations (roth...
MAXIMIZING 401(K) CONTIBUTIONS WITH YOUR S-CORP
As we reach the end of the year it is time to start thinking about how to best maximize your annual retirement plan contributions. One of the most commonly used strategies for our clients is an s-corporation and 401(k). A properly structured s-corporation is utilized...
WHAT EVERY SELF DIRECTED IRA INVESTOR SHOULD KNOW ABOUT PRECIOUS METALS
Precious metals have been a popular investment for retirement plans since the financial market collapse in 2008. Most standard IRAs with financial institution custodians will typically only offer precious metals through funds or other complex structures whereby the...
3 KEY LEGAL TIPS WHEN BUYING A BUSINESS
Every buyer of a small business should consider the following three key legal issues when acquiring a business. 1. Buy Assets and Not Liabilities. Most small business purchases are done as what are called “Asset Purchases”. In an Asset Purchase the buyer of the...
The Roth IRA to Roth 401(k) Rollover Roadblock
A Roth IRA cannot be transferred or rolled over to a Roth 401(k). That comes as a surprise to many Roth IRA owners who later establish or participate in a Roth 401(k) as Traditional IRAs can be rolled over to Traditional 401(k) accounts. However, because of some...
When Does Raising Money in an LLC, Joint Venture or Partnership Violate Securities Laws?
We’ve all heard the buzz words of crowdfunding, PPMs, and IPOs, but there are less complicated ways to raise money and start a business and one of the most reliable and most used methods is that of partnerships or joint ventures. If you ‘re raising money from others...
