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Put IRAs and 401(k)s into a Self directed IRA or into an IRA owned LLC and take controlPosted by Roth-IRA-401k on: 2006-03-08 09:56:00 in category:
IRA [ Print | Permalink / 0 Comment(s) ] Put IRAs and 401(k)s into a Self directed IRA or into an IRA owned LLC and take control Jessica McGlothlin Few investors realize the breadth of investment options available through their IRA and 401(k) accounts due to the limited options traditional Custodians provide, i.e., CDs, stocks, bonds, and mutual funds. There are non traditional investments that can be purchased using traditional IRAs, Roth IRAs, and SEP-IRAs. And it isn't just IRAs; 401(k) s may invest in real estate as well. How? Investors will typically need to work with an independent IRA/401(k) Custodian that permits Self Directed IRAs (SDIRAs) or Solo 401(k)s. Another idea is to have the 401k plan roll into the Self Directed IRA since this opens up the funds for use in many more investment opportunities. How can this be done? The owner of the retirement plans can set up a Self Directed IRA with a Custodian that allows that type of account. The ideal last step would be to build an IRA funded LLC (since this lowers fees and offers corporate protection to your assets) and get check book control to the funds. In this way the owner of the retirement funds can invest in what he knows best. Many investors's will ask, why fix what is not broken? Well if your custodian is doing a fantastic job with your funds then you are one of the few lucky ones. The rest of us are becoming inpatient with the products offered by our custodians. Some of the poor performers in our port folios may include: CDs, stocks that have not been doing too great, bonds that have not brought any excitement to the table and funds that charge too many fees. To make matters worse companies like Enron, Worldcom, Tenet Health, Adelphia, Mattel and others are reported to have claimed false profits or committed financial improprieties. This leaves us wondering about our 401Ks. Luckily there are some clear clues that should warn us that troubled times are being faced by a company or corporation. The Department of Labor has listed 10 warning sings that that should make employees look closer at the situation before is too late. Here are the10 warning signs that your pension contributions are being misused. 1. Your 401(k) or individual account statement is consistently late or comes at irregular intervals 2. Your account balance does not appear to be accurate 3. Your employer failed to transmit your contribution to the plan on a timely basis 4. A significant drop in account balance that cannot be explained by normal market ups and downs 5. 401(k) or individual account statement shows your contribution from your paycheck was not made 6. Investments listed on your statement are not what you authorized 7. Former employees are having trouble getting their benefits paid on time or in the correct amounts 8. Unusual transactions, such as a loan to the employer, a corporate officer, or one of the plan trustees 9. Frequent and unexplained changes in investment managers or consultants 10. Your employer has recently experienced severe financial difficulty If you are an investor who is tired of watching his retirement account dwindle away from the lackluster performance of the stock market, bonds, funds, and CDs while other investment opportunities are left untapped then wait no longer. Move your IRAs and 401Ks into a qualified retirement account such as a Self Directed IRA or better yet go further and build your own IRA owned (funded) LLC today. For information visit www.kit-for-self-directed-ira-llc.com or email jmcglot@kit-for-self-directed-ira-llc.com About the author: IRA LLC specialist, I have written several articles here and at Article Maketer and I have my own Blogger page. For questions contact me at www.kit-for-self-directed-ira-llc.com |
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