Category Archives: Uncategorized

6 Years And Counting — Please Keep The Fixes Coming

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Though lately I’ve been busy with family, hence, the lack of posts from your host, today’s piece is a bit special. Yesterday marked the sixth anniversary of my very first post ever. In fact, the blog wasn’t even known as BawldGuy Talking back then. It was Behind the Curtain. You might assume I renamed it, but that isn’t the case, as I had nothing to do with the current name. Liz Strauss, a wickedly smart lady, came up with it all by her lonesome. I will take the credit for lovin’ it a split second later.

The only reason I bring up this anniversary is to thank those of you who’ve been loyal readers. As you know by now, I’m a hopeless addict, completely reliant upon at least one daily fix, defined as a conversation of some kind, any kind, with a reader. Very few things in life get my adrenalin goin’ more than helping a new client Plan for their retirement. It’s a rush I’ve not been able to adequately explain. I love this stuff, and wanted you to know how much I appreciate your presence here.

Thanks,

BawldGuy aka Jeff Brown

When is a Self-Directed ROTH IRA NOT a Good Idea (Part 2)

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In last week’s post we we discussed when having a ROTH IRA maybe isn’t a great idea..especially for the self-employed individual wanting to establish a self-directed 401K. The conversation was all predicated on the current regulations that do not allow for an individual to rollover ROTH IRA funds into a 401K plan….self-directed or not.

So, to refresh you from that post, we had “Joe” who had $100,000 in ROTH IRA funds and $100,000 from an old employer’s 401K plan. We had determined that as a self-employed individual interested in establishing a self-directed 401K, he could not bring the ROTH funds into the plan; therefore, if he wanted to self-direct his ROTH funds, we would have to establish a separate self-directed ROTH IRA account with the ROTH funds. This, unfortunately, would lead to different accounts and two different fee structures (for both the 401K and ROTH IRA). And, the probability that he could not bring the ROTH IRA funds and old 401K funds into one account for investment purposes. But is this true? I mean we did establish that the ROTH funds cannot come into the 401K…so, we certainly could not bring both sources of funds into one account for investments purposes, could we?!

Well….potentially, yes. Continue reading →

Dealing With Life As It Comes

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Just a quick note to let readers know that we lost a family member late last week. It wasn’t completely unexpected, as she was elderly, but losing someone is always a challenge. Things are returning to normal, slowly but surely, as grief takes its course. It helped a bit to have attended a happy occasion this weekend, a wedding. Life has a way of keepin’ us balanced right when we need it.

Catch ya later — BawldGuy

Expectations – Real Estate Investing and EIULs Are About The Long Run

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I live in the White Mountains of New Hampshire. We live for ski season here. This week the ski season ended almost a month earlier than it usually does because of unseasonably warm weather over the last couple weeks. This is on top of the season starting a couple of weeks late. People are pretty bummed here for that reason. But the reality was, other than the shortness of the season, it was good. We got in a lot of skiing this year. My son made major strides in his ability. My wife and I skied many, many days. It’s just that our expectations were not met so it seems bad because last season was a very long season. The big picture is that some seasons are like this, short and sweet. Some are even worse. We are basing our expectations on last season, which was above average in length.

Same about expectations on investing for retirement. Continue reading →