William A. AdamsWilliam A. Adams holds a J.D. (1986) and an LL.M. Tax Law (1988) from the University of San Diego School of Law. He is admitted to practice in all courts of California, the United States District Court (Southern District), the Ninth Circuit Court of Appeal, and the United States Tax Court. He is a member of the tax law sections of the San Diego County Bar Association and the State Bar of California. He is a partner in the law firm of Norton, Moore, & Adams, LLP. |
Michael V. PundeffMichael V. Pundeff holds a J.D. (1981) from the University of San Diego School of Law and an M.A. from UCLA (1978). He is admitted to practice before all courts in California, the United States District Court (Southern, Central and Northern Districts), and the Ninth Circuit Court Appeal. He is a Member of the Business and Real Estate Law sections of the State Bar of California. He owns and manages the law firm of Michael V. Pundeff, A.P.C. He is an adjunct member of the faculty of the University of Phoenix School of Business. |
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Self Directed 401k & IRA Solutions by Attorneys
PUNDEFF ADAMS
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- This Fox article discusses the high transactional costs of self directed IRAs for active investors, and mentions self directed IRA-LLCs as an alternative. However, in states like California, LLCs come with a $800 annual minimum tax, which cannot be avoided simply by filing in another state. A better alternative for some is a self directed 401k. Don't be too quick to assume you don't qualify for a self directed 401k. Ask us.
http://www.foxbusiness.com/personal-finance/2013/04/10/dont-let-self-directed-ira-fee-to-death/
These individual retirement accounts enable you to invest in real estate, but watch out for fees. - Stylistically glib but substantively sincere, Mr. Nabers has some good ideas: His early & consistent stand against ROBS is commendable.
Boy do I get a lot of blowback every time I share my findings about why the government has declared ROBS illegal! Why is there not a specific government
- A lot of unlikely fear mongering. The most I can foresee are some prospective limits on high income or net worth individual deductions / contributions.
http://www.examiner.com/article/401k-plans-and-ira-eyed-to-alleviate-fiscal-cliff
The ever expanding debate on averting financial consequences in early 2013 has refocused attention on concerns that the coveted 401 k plan and IRAs, long consid
- This can work but must be structured correctly to avoid a prohibited transaction
David and Michelle Haisley from Fort Wayne, Indiana, weren’t happy with the performance of their retirement funds, so they made another investment -- a foreclosed home for ,000.
- Despite some of the overly broad language in this article, the real lesson is that retirement funds should not be invested in highly speculative investments or to fund your own business. However, by all means consider "non-traditional" or "alternative" investments that are risk and return competitive with "traditional" investments. Such investments, e.g., real estate, are only non-traditional in retirement funds. That's because brokerage houses have long controlled the retirement fund industry. Real estate based investments, while not a traditional retirement fund investment, are certainly one of the most traditional and conservative investments because they are backed with something that doesn't evaporate: land and buildings.
Individual retirement accounts and 401(k)'s are being used increasingly to invest in start-ups or commodities, but such maneuvers can leave users penniless in retirement.