The IRA Concierge

01/27/2011

Closed on the sale of this property yesterday. Payoff to the lender is complete. She now has a nice chunk of profit for her IRA, all of which she can reinvest. Because nothing's coming out for Uncle Sam!

01/17/2011

Almost ready to close on the sale of this property and get the private lender paid back. The funds were from an IRA and all the interest from that loan will go back into the IRA Tax-Free!

09/28/2010

Just got back from the Equity Trust Networking event, which I attended Friday through Sunday. Some excellent speakers and some great education. But the best thing was the networking and all the wonderful people I met! Great time!!

09/17/2010

Well, if the bill does pass, it would have at least one redeeming quiality.

Tucked in the small business jobs bill passed by the Senate today is an obscure provision allowing Roth conversions within 401(k) retirement plans that could make retirement less taxing for lots of folks. "This is a game changer," says James Lange, a CPA and attorney and author of Retire Secure! [.....

05/03/2010

I spent Saturday in Indianapolis at a one-day seminar put on by Edwin Kelly of Equity Trust Company. What a treat! If you ever get the chance to see him, take it!! He's what I call a Self Directed IRA Evangelist! I want to be like him when I grow up! Here's a link to introduce you to him. Check it out!

Self Directed IRA at Equity Trust Company. Investing options include Real Estate IRA investments, Private Placement IRAs and much more.

04/19/2010

Food for thought about 401(k) accounts. What does the increase in the entitlement economy mean for retirement accounts, especially since it is coming with higher taxes and significant inflation?

Pamela Yip writes about personal finance for The Dallas Morning News.

02/02/2010

Third and final post about converting to a Roth IRA from a Traditional. This is a different take altogether, courtesy of another IRA expert who has a sobering perspective on our economy. Check it out!

The more I study the differences between Keynesian economics and Laissez-faire economics, the better I understand why Mr. Nabors is saying what he says in his take on the Roth IRAConversion question. ...

01/24/2010

Spoke with a Real Estate investor today about using IRAs to actually purchase Real Estate. Absolutely. Direct the IRA custodian to buy it with cash from the IRA. Direct the IRA custodian to pay the contractors you hire to fix it up. Direct the IRA custodian to deposit the rent checks or the proceeds check from the sale.

01/23/2010

I had a new experience on Thursday afternoon. I had a video-conference meeting with one of my mentors over Skype. It was almost better than being there!! Now that my friend and mentor, Terry Socall, has moved to Florida, I thought it was going to be hard to get the same kind of service as I've been getting for a couple years now. But he has shown me that his business is just as effective remotely as it was in person!

If you run a small business or are thinking of starting one, no matter what the industry, Terry can help you get going properly and in the right direction! Check out his company at the link below, and tell him I sent you!

Business Success Group - Business Planning for Michigan, Florida and More

01/20/2010

Check out Part 2 of my discussion on Traditional vs. Roth IRAs. I think the answer may surprise you!

“I’ll get back to you in a day or so”? Hardly! I have been swamped with new acquisitions, year end books, holidays, crises of all shapes and sizes, etc. I just didn’t take the time to write any blog posts. ...