Digest

Bill May Allow IRA Investment into S Corps.

May 5, 2011 by dbdouek

Rep. Ron Kind, D-Wis., and Rep. Dave Reichert, R-Wash., have introduced a bill that they say will help small businesses structured as S corporations gain access to capital and grow. The S Corporation Modernization Act, HR 1478, would modify tax rules pertaining to S corporations and allow investments in them by IRAs. The bill was referred to the House Ways and Means Committee.

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DOL issues regulation on self-directed plans

October 29, 2010 by rfg

The Department of Labor (the “DOL”) issued on October 14, 2010 a final regulation laying out the obligation of administrators of participant-directed individual account plans to disclose certain information about the plan and its investment options, including performance history and related fees and expenses, to plan participants and beneficiaries at the start of their partici-pation in the plans and on an annual or quarterly basis thereafter.

The "Truly" Self-Directed IRA - Reins-IRA

August 26, 2010 by dbdouek

The following article was written for the Summer 2010 Legent Ledger, published by Legent Clearing, available here (page 4).

How to Buy Real Estate With Your IRA

June 3, 2010 by rfg

The following article was written by Jim Reid, an experienced short-sale realtor in Palm Beach, Florida.  At Reins, we were honored to be mentioned in the article and to work with Jim on this transaction; he and his client were both truly a pleasure to work with and wonderful people.  For more information on the growing short-sale real estate market see our article titled, "IRA Investing and the Growing Short-Sale Real Estate Market" (link provided below).

IRA Investing and the Growing Short-Sale Real Estate Market

May 4, 2010 by dbdouek

People are hearing more and more about “self-directed” retirement accounts from their bank or brokerage firm.    These accounts generally, allow investors to select from a menu of investment options, like many are accustomed to seeing from 401(k) plans.  In some cases, an account holder might even have the option of selecting the specific stocks or funds that the IRA will hold.

In Re: Nessa; Bankruptcy Appellate Panel (8th Circuit)

April 12, 2010 by dbdouek

In re: Nessa, Debtor, United States Bankruptcy Appellate Panel, Eighth Circuit - Held > It is irrelevant whether a traditional IRA and an inherited IRA have different rules regarding minimum required distributions. Section 408(e) of the Internal Revenue Code provides, in pertinent part, that "[a]ny individual retirement account is exempt from taxation." 26 U.S.C. §408(e)(1)(emphasis added). It does not distinguish between an inherited IRA and traditional types of IRAs.

Custodians Limit IRA Investment Options

March 22, 2010 by dbdouek

One of the more common responses I get when discussing my work with people is that they already know about “self-directed” retirement accounts.  Unfortunately, the creature to which they refer more closely resembles a standard 401(k) than a truly self-directed investment platform. 

Mutual Funds Are Hazardous To Your Wealth

March 18, 2010 by rfg

Commentary: Fully invested, buy-and-hold strategies sting shareholders

Most investors sustained serious damage to their wealth last year -- damage that, in many cases, will be difficult to recover from. Certainly Wall Street titans, reckless lenders and irresponsible home buyers all deserve their share of the blame.  

New Rules for U.S. Retirement Plans

March 18, 2010 by rfg

The regulations, unveiled by vice-president Joe Biden as part of the annual report of his middle class taskforce, are aimed at preventing conflicts of interest when employees consult financial advisers on their 401(k) and individual retirement account (IRA) plans.

IRA Investment Strategy: Multiple Roths

March 17, 2010 by rfg

Interesting Strategy: Convert your IRA into multiple Roth IRA's to utilize the unique re-characterization feature for tax planning purposes and lower your year end tax bill.