Articles
Distributions from Your Retirement Account: The Top Ten List
I'm routinely asked questions about what taxes and rules apply when a distribution occurs from a retirement account. Here are the top ten rules you should know about distributions from retirement accounts: The first 5 facts apply to Traditional IRA and 401(k) accounts...
Legally Raising Money for Others
If you are assisting someone else’s company in raising money and are receiving a fee for doing so you must do such activities within the confines of the securities laws…
Precious Metals Rules For Your Solo 401(k)
Self-directed 401(k) owners, companies in the industry, and many professionals have been confused on what rules, if any, govern when buying precious metals with a self-directed 401(k). There is a code section in IRC § 408(m) that outlines what metals can be owned by a...
401(k) Loans: How to Use $50K from Your Own 401(k)
Do you need access to your retirement account funds to start a business, pay for education expenses or training, make a personal investment, or pay off high interest debt? Rather than taking a taxable distribution from your 401(k), you can access a portion of the...
What Trump’s Lawyer, “Breaking Bad,” and “The Godfather” Teach Us About Attorney-Client Privilege
President Trump's private lawyer, Michael Cohen, recently had his home and office raided by federal agents. But wait, isn't all of his information attorney-client privileged? If you're confused at how a lawyer’s records could be raided, your instincts are right. We've...
Three Instances of When You Need a New Subsidiary Entity for Your Business
Are you growing your business? Adding new products or services? New locations? Adding partners or owners? If so, these are all instances when you should consider setting up a subsidiary or other new entity for your existing company. While you can run multiple streams...
Solo K 5500-EZ Requirement and $15,000 Failure to File Relief
Do you have a Solo 401(k)? Have you been filing form 5500-EZ each year for the Solo 401(k)? Are you aware that there is a penalty up to $15,000 per year for failure to file? While some Solo 401(k)s are exempt from the 5500-EZ filing requirement, we have ran across...
Where Should I Title My Real Estate: An LLC, a Trust, or Personally?
Real estate may be owned in your personal name, in a business name, or in a trust. You may have heard of revocable living trusts, corporations, LLCs, series LLCs, or limited partnerships. Here's a quick guide to where you should own different types of properties. 1....
Top Three Mistakes in Solo 401(k) Plans
Solo 401(k) plans have grown significantly and are often used by self-directed investors. Solo 401(k)s are an excellent tool for self employed persons to maximize contributions in their own business or self-employment just like large companies who offer plans for...
RMDs and Solo 401(k)s: Three Quirky Rules to Know
All retirement account owners must be familiar with the required minimum distribution ("RMD") rules applicable to their accounts. These rules require you, in most instances, to take partial distributions from your retirement account when you reach age 70 ½. And,...
