Recent News

My email to Senator Ron Wyden RE: the proposed RISE Act of 2016

Recent News, Self Directed IRA, Tax

As some of my readers are aware, Senator Ron Wyden (D-Oregon; Ranking Member of the Senate Finance Committee) has been very interested in the self-directed IRA market for some time.  For example, his office commissioned the two Government Accountability Office (GAO) reports that are focused on retirement accounts that purchase “nontraditional” assets (e.g., real estate, … Continue reading My email to Senator Ron Wyden RE: the proposed RISE Act of 2016

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Forbes – “IRAs Gone Wild” (featuring yours truly)

Recent News, Self Directed IRA, Tax, ,

I am humbled and honored to announce the publication of an article on self-directed IRA investing that appears in the November 8, 2016 issue of Forbes Magazine (published online today – see link below).  Thank you to the author (Ashlea Ebeling) for making it clear that SDIRAs can be a great tool for some investors, … Continue reading Forbes – “IRAs Gone Wild” (featuring yours truly)

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Quoted in Wall Street Journal (re: “Home Storage Gold IRAs”)

Recent News, Self Directed IRA

I was recently contacted by a reporter for the Wall Street Journal named Laura Saunders regarding my view on the growing promotion of so-called “Home Storage Gold IRAs” (see resulting article by Ms. Saunders below).  The companies promoting this idea are generally precious metals dealers (conflict of interest anyone?!?) who would like to take advantage of … Continue reading Quoted in Wall Street Journal (re: “Home Storage Gold IRAs”)

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BREXIT = increase in Self-Directed IRA market?

Recent News, Self Directed IRA, Tax, ,

Unless you have been out hiking somewhere (and/or trying to enjoy the start of summer), you probably know that the United Kingdom has voted to leave the European Union (an event that has been termed “BREXIT” – as in “Britain Exit”).  In less than 24 hours, this event has already caused considerable shock to global stock … Continue reading BREXIT = increase in Self-Directed IRA market?

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IRS attempting to better track disregarded entities (e.g., one member LLCs)?

Recent News, Uncategorized, ,

Below is a headline from today’s tax updates by Thompson Reuters “Checkpoint Newsstand” related to potential IRS changes to tax forms in order to better capture income that is being reported to “disregarded entities”.  Before reading the headline, I wanted to provide some background and share my personal experience in this area. Over the past … Continue reading IRS attempting to better track disregarded entities (e.g., one member LLCs)?

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Higher Taxes Don’t Scare Millionaires Into Fleeing Their Homes After All – Bloomberg

Estate Planning, Recent News, Tax

If you raise rates on the rich, will you lose them to other states?  A study of 45 million IRS records suggests it doesn’t work that way. The researchers analyzed 45 million tax records, covering every filer who reported income of at least $1 million in any year from 1999 to 2011, and found that the rich are in … Continue reading Higher Taxes Don’t Scare Millionaires Into Fleeing Their Homes After All – Bloomberg

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Survey Reveals Majority of Americans do not Have a Will

Estate Planning, Recent News

A recent survey commissioned by Rocket Lawyer revealed that 70% of Americans aged 45-54, and 54% of Americans aged 55-64, do not have a Will.   The recent death of Prince and news that he died without a will  has brought a lot of attention to this issue and the added complexity, costs, and inherent conflicts … Continue reading Survey Reveals Majority of Americans do not Have a Will

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Article featured on “Wills, Trusts, & Estates Prof Blog”

Recent News, Self Directed IRA,

Thank you to the esteemed law professor Gerry W. Beyer for his interest in my 2014 article on the complexities that self-directed IRAs present in estate planning.  Read Professor Beyer’s blog post here. In summary, retirement accounts need to be considered carefully during the estate planning process – and these complexities increase exponentially when the … Continue reading Article featured on “Wills, Trusts, & Estates Prof Blog”

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Retirement plan amendments proposed by White House

Recent News, Self Directed IRA, , ,

On January 26, the White House released a Fact Sheet in which it announced various proposals that would expand access to workplace retirement savings opportunities and increase the transferability of retirement savings.  The proposals will be detailed further in President Obama’s fiscal year 2017 budget. [Of course, none of these proposals are guaranteed to become law, … Continue reading Retirement plan amendments proposed by White House

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Pending GAO Report of Self-Directed IRAs

Recent News, Self Directed IRA, , ,

As I referenced in my last post (related to my recent newsletter), I was recently interviewed by seven members of the U.S. Government Accountability Office (GAO) related to a new report they are putting together on “self-directed” retirement accounts (i.e., IRAs and 401(k) accounts that are invested into “nontraditional” assets; and also “ROBS” structures, which involve … Continue reading Pending GAO Report of Self-Directed IRAs

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