Can I Co-Invest with my IRA?
Sunday, September 04
A Client asked:A close friend of mine wants to borrow $100,000 short term and is willing to pay an interest rate of 10%. He has good credit and a lot of collateral. I feel it would be a great loan for my IRA to make. The problem is I only have about 1/2 of that amount in my CheckBook IRA. I d...
Fast-Tracking Funds to Your New IRA - Liquidating Your Assets
Sunday, September 04
So you’re ready to start a CHECK BOOK IRA; you’ve done the research, you’ve found an investment you believe in; you’ve made the decision to take control of your retirement funds…..you’re ready to go….but what can you do to help speed the process of setting up a CHECK BOOK IRA? The best way to ...
Can You Retire in a Home Purchased with Your IRA?
Sunday, September 04
The short answer is yes…..however, as with most retirement strategies, there is a little more involved.The basic scenario is that the IRA buys the home as an investment and treats it as such UNTIL you reach 59 1/2 (retire); in which case the home is treated as a distribution from the IRA. Once ...
Tax Liens: An Overview
Sunday, September 04
Clients often ask us “Should I invest in tax liens? My brother-in-law says you can get 25% return!” Before discussing whether the investment is a right fit; it is best to make sure that the boundaries of what a tax lien is (and isn’t) are set.The official definition of a tax lien (often call...
Tax Liens: Making it Work!
Sunday, September 04
If you’ve read the “Tax Liens: Overview” article you have a good sense of what a tax lien is and isn’t. Below we discuss some of the ins and outs of tax lien investing. So although the highly publicized return rates of 12-25% are unlikely; you can, with a little forethought and research, ea...
GenXer's and the Savings Gap
Sunday, September 04
According to an article by “The Street”, about 85% of young adults say they would listen if their grandparents started a conversation about money management. Compare that to the measly 8% of grandparents surveyed who would actually discuss financial resources and you are left with a large po...