It’s that time of year again...The Holidays are behind us and we can look forward to more turmoil in the year to come. One thing we can be sure of is that in this case politics can be put aside - the Tax Man has no party affiliation. As you sharpen your pencil to calculate last year’s bite from Uncle Sam, don’t overlook the sometimes forgotten State and Local taxes that lightened your pockets last year.
The American financial expansion continues and, with few exceptions, prosperity continues to flow across the country!
Two Options for Passive & Active Investors
Wealth managers, CPAs and attorneys often ask me about using retirement accounts to buy investment real estate and business assets. This is something we have successfully done many times. It is a fantastic source of capital, but you need to know the complete array of options and rules in order to do it right. There is more than one way to do this and selecting the right option is critical. In this post I will briefly talk about the opportunities and pitfalls in two different options: self-directed retirement accounts for passive investments and the Rollover as Business Startup method known as ROBS, for active investments.