Longboat Retirement Solutions LLC

What if Trump is Impeached? January 17, 2018

Filed under: Corporate Malfeasance,Economics — larsfforsberg @ 2:06 pm
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What if Trump is Impeached?

What if new information was found that proved that Trump conspired with Putin to scam the US Presidential election?

What would be the effect on the stock market?

What if Clinton is jailed or at least convicted of all of the crimes she has committed over the last 30 years?

What would be the effect on the stock market?

What if the investigation into the Russian meddling of the election found nothing actionable?

How would this affect your 401K?

These are questions that you should be asking yourself.

If there is one thing that anyone with a brain should take from all of the he said, she said stuff in the news, it is that Washington DC is a dirty, corrupt place. It is a pit of vipers.

Washington DC is a shit hole.

Make sure you have taken appropriate measures to protect yourself from the likely stock market implosion when all Hell brakes loose. While we are all riding the wave as the tide is rising, when the big bath tub has its plug pulled, it’s gonna get ugly.

Don’t get yourself so vested in your emotional opinion of who is the Devil.

Get yourself in the position to react quickly to whatever transpires with the DC shit hole.

We can set you up with a Solo 401K in less than a week, that will allow you much greater efficiency and flexibility than what you are currently using. And, we won’t push you into investments or even suggest any.

Do whatever you want with YOUR MONEY.

www.myselfdirectedretirement.com

406-551-4775

 

 

Trump’s Stock Market Bubble December 10, 2017

The US stock market is continuing it’s rise beyond any rational level.  The Trump administration can probably claim some credit, but should it?  Is this a big old bubble, ready to pop any day?  Probably.  Will Trump take the credit for the crash?  Probably not.  Wether you are on the Red Team or Blue Team, you need to recognize a bubble when you see it – no matter which team is currently taking credit or blaming the other colored team.  It’s all the same.

The best way to cover your ass is to put someone in charge of your investments that has your best interest in mind – YOU.

Your stockbroker or investment manager or financial planner has their best interests in mind, not yours.  Make no mistake.

A Solo 401k enables you to invest in what you want, when you want it.  There are no fees, no waiting for permission, and no middle man.  Buy when you want, and sell when you want.

Stop paying for someone else to make decisions for you.

 

Diversified Portfolio February 28, 2017

Over and over I hear the mantra “Diversified Portfolio” – but what does that mean?

Diversification means different things to different people.

Most however, think that it means they own stocks in several industries that counteract each other. In other words, they own two stocks – if one goes down, the other goes up. No two stocks are going to perfectly counteract the other, but a person can come close with lots of research.

Other people (including myself) contend that investment diversification must also include investment class diversification and international diversification. In other words, you should own things other than stocks, things like metals, currencies, bonds, real estate, and even international investments.

The argument could be made that a world wide downturn would hurt all of these things. Well….sure, maybe, but maybe not. Generally “safe harbor” investments and “contrarian” investments like gold, and certain currencies (Norway, Switzerland) tend to go up during world wide downturns.

Now, being a guy that does not give investment advice, I’m not going to advocate any particular investment, or even investment class, or even investment style….but do your research, and diversify…..and I mean really diversify, not just own a bunch of U.S. stocks.

 

What Does a Trump Presidency Mean to Your Retirement Savings? February 22, 2017

How will the Donald Trump Presidency affect your retirement?

If you believe the big media outlets, he is going to steal your wallet and your retirement account.

I doubt that this is the case. But, how would I know?

While we are certainly overdue for a market correction in the U.S., the timing of a correction is of course the million dollar question.

I’ve said this before, but I’ll say it again; I am not in the business of predicting the stock market. I am in the business of helping people diversify their retirement savings through the set up of self directed retirement accounts.

In other words, it should not matter what the U.S. stock market does. My clients have the flexibility to move in and out of the market when ever they choose. Or, if they choose to have zero dollars in the stock market, they can do that too. If they choose to pull out of the market and hold cash, they can. If they choose to hold metals, or real estate, they can.

The point I am trying to make is that true diversification requires more than owning several stocks from different industries in the U.S. stock market. True diversification necessitates ownership of a variety of investment classes, as well as investment location diversification. When you have your retirement savings invested in stocks, bonds, real estate, foreign markets, and metals, you can call yourself diversified.

The best way to diversify your retirement savings is through a Solo 401k – accept no substitute.

Give Longboat a call or send us an email. We are not slick salesman; we are real people.

406-551-4775

 

A Self Directed IRA or Solo 401k Can Hold Real Estate as an Investment. April 29, 2016

A Self Directed IRA or Solo 401k can hold real estate as an investment.

Why does this make sense, or what would be the benefit?

In short, your retirement account balance can grow as it collects rent, and if the property appreciates in value, you could sell it down the road for a gain.

There are restrictions and regulations that you need to follow.

Number one: You cannot live in the property.

Number two: You cannot repair the property; you must contract out the work.

Basically, be sure that you, personally, are not receiving benefits or doing work for the property.

Naturally you will want to remember the rules of Prohibited Transactions – don’t break them.

You will want to think about the ramifications of Unrelated Business Income Tax (UBIT) if you use a Self Directed IRA. UDFI, Unrelated Debt Financed Income, is a component of UBIT, and applies to IRA income generated by financial assets.

A Solo 401k has the added benefit of not being subject to UDFI or UBIT.

Describing UDFI will be a subject of an entire blog; for now, just remember that it exists, and inquire with your accountant if you are on the verge of purchasing property within you IRA.

 

Your 401k Stinks April 5, 2016