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Search Results for: Fiduciary Rule

The Problem with “Self-Dealing” in Retirement Accounts

“Self-dealing” is an often-discussed concept in retirement investing. This is especially true when the conversation includes self-directed retirement accounts. Your retirement plan is supposed to benefit you upon retirement. You are not to benefit prior to retirement. Any such benefit could result in a prohibited transaction. Self-dealing in retirement accounts simply means using retirement funds […]

GUEST POST: The Thiessen Tax Court Case – Loan Guarantees Create Prohibited Transactions and Other Lessons

By John Hyre The following guest post is a commentary by John Hyre about the recent Thiessen v. Commissioner case in United States Tax Court involving a prohibited transaction. The case centered on a prohibited transaction specific to IRC 4975(c)(1)(B), or any direct or indirect “lending of money or other extension of credit between an […]

Common prohibited transactions, part 6: IRC 4975(c)(1)(F)

Kingdom Trust developed a six-part series called Common Prohibited Transactions as part of our ongoing effort to educate retirement account holders. It’s important to ensure you aren’t engaging in a transaction involving retirement funds in a manner that IRC 4975(c)(1) considers a prohibited transaction. The intent of this series, which concludes with this post, is to […]

Common prohibited transactions, part 5: IRC 4975(c)(1)(E)

At Kingdom Trust, we strongly encourage retirement account holders to make certain they aren’t engaging in a transaction involving retirement funds in a manner that IRC 4975(c)(1) considers a prohibited transaction. We have developed a six-part series, Common Prohibited Transactions, with the intent to introduce examples of such transactions based on the language in the […]

Could real estate investments be negatively impacted by DOL proposal?

By Charles “Bo” Ives, President A Department of Labor proposal that seeks to eliminate conflicts of interest by advisors could end up making non-traded Real Estate Investment Trusts (REITs) off-limits to qualified retirement accounts, according to an Investor’s Business Daily article. By attempting to improve the retirement landscape, the Labor Department could effectively prevent access […]

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