Timothy Sumer

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about self-directing a SEP IRA, lending IRA money to an ex-spouse, and investing in a son's venture capital fund. -- 0:00 *Intro 1:24 *Question 1: Can I use a SEP IRA to do a Self-Directed IRA, or do I have to use a traditional IRA? 3:26 *Question 2: My ex-spouse and I are still very close – can I lend him money with my Self-Directed IRA? 5:37 *Question 3: My son is a GP in a venture capital fund. He owns less than 35% of the GP and less than 1% of the LP – can I use my Self-Directed IRA to invest as an LP? 11:10 *Outro -- Have a question for Adam? Send it to us! info@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aw...

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about filing a 990-T for a Self-Directed IRA, rolling over IRA and SEP funds to a Solo 401(k), and setting up a Solo 401(k) when you have multiple businesses. -- 0:00 *Intro 1:11 *Question 1: I have to file a 990-T for my Self-Directed IRA – do I need to get an EIN for my IRA? 3:53 *Question 2: I have a SEP IRA and a traditional IRA; can I roll those accounts into a new Solo 401(k) I want to set up with IRA Financial? 5:39 *Question 3: I own two businesses with my spouse – one has employees and the other one does not – can we set up a Solo 401(k) plan for the business with no employees? 11:59 *Outro -- Have a question for Adam? Send it to us! info@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During...

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about Solo 401(k) eligibility, convertible debt investments in an IRA, and setting up a Solo 401(k) if you already contribute to a SEP IRA. -- 0:00 *Intro 1:14 *Question 1: I earn income from my employer who pays me in W-2 and 1099 and does not offer a 401(k) plan. Can I do a Solo 401(k) plan? 2:17 *Question 2: If I make a convertible debt investment with my IRA into a start-up, will that trigger the UBTI tax? 5:49 *Question 3: I have a SEP IRA and have already made some contributions. I have now heard about the Solo 401(k) plan and want to set one up – can I still do it? 8:53 *Outro -- Have a question for Adam? Send it to us! info@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of ...

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about lending funds to a Self-Directed IRA, 2022 SEP IRA contribution deadline, and issuing a K-1 for an IRA LLC investment. -- 0:00 *Intro 1:33 *Question 1: Can a non-disqualified person lend funds to my Self-Directed IRA to buy real estate? 4:29 *Question 2: When are my SEP IRA contributions due for 2022? 5:51 *Question 3: I will be receiving a K-1 from an investment my Self-Directed IRA LLC is investing in. Who should the K-1 be issued to? 8:27 *Outro -- Have a question for Adam? Send it to us! info@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset i...

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about management-controlled groups, rolling a SIMPLE IRA into a Solo 401(k), and rolling a private placement investment in a Self-Directed IRA. -- 0:00 Intro 1:15 *Question 1: I watched your video on controlled group rules and 401(k) plans, I did not hear you talk about management-controlled groups. Can you help me understand that? 6:27 *Question 2: I have a SIMPLE IRA, can I set up a Solo 401(k) plan and roll the SIMPLE funds into the new Solo 401(k)? 7:51 *Question 3: I have a Self-Directed IRA at another company with a private placement investment, how would I roll the IRA investment to IRA Financial? 9:47 Outro -- Have a question for Adam? Send it to us! abergman@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the larg...