http://trilema.com/2017/because-thats-just-how-things-are/ Moving targets for a fast crowd. Tue, 05 May 2026 18:40:04 +0000 http://polimedia.us hourly 1 http://trilema.com/2017/because-thats-just-how-things-are/#comment-145140 The bitch doth protest two woof. on Trilema - A blog by Mircea Popescu. Wed, 08 Jan 2020 12:48:18 +0000 http://trilema.com/?p=74010#comment-145140 [...] rettird farm! Why should I know or care what their imaginary "if I were a rich man" stories say! Because that's just how things are or something [...] [...] rettird farm! Why should I know or care what their imaginary "if I were a rich man" stories say! Because that's just how things are or something [...]

]]> http://trilema.com/2017/because-thats-just-how-things-are/#comment-122609 Mircea Popescu Sat, 12 Aug 2017 19:41:57 +0000 http://trilema.com/?p=74010#comment-122609 Why thanks for that! Why thanks for that!

]]> http://trilema.com/2017/because-thats-just-how-things-are/#comment-122608 LLB Sat, 12 Aug 2017 19:02:33 +0000 http://trilema.com/?p=74010#comment-122608 Denali1 - what you are looking for might be a IRA/LLC, which comes with checkbook control so you can write that check. You create an LLC, some states are better then others. There is specific language required in the Operating Agreement so as to not violate the rules concerning code 408 and 4975 (Disqualified persons or Prohibited transactions). Basically, the IRA "funds the LLC", the LLC buys the house or bitcoin, whatever. You could even take it out in cash, but if you do that make sure you set it up as a manager-managed LLC and not a member-managed LLC, otherwise, you guessed it, you broke code 4975. The nice part is the Self Directed IRA Custodian is passive and can't deny you. If you try to use TDA, Schwab any brand name they can say NO to what you want to do. Well, they don't say NO, they say our operating procedures don't allow that. Which is their way of saying "you would have to move your account to a different custodian that allows that, but we are going to tell you that part." You would need to use custodians like, Pensco, Kingdom Trust, Midland IRA, Madisson, there are plenty "Self Directed IRA's". Denali1 - what you are looking for might be a IRA/LLC, which comes with checkbook control so you can write that check.
You create an LLC, some states are better then others.
There is specific language required in the Operating Agreement so as to not violate the rules concerning code 408 and 4975 (Disqualified persons or Prohibited transactions).
Basically, the IRA "funds the LLC", the LLC buys the house or bitcoin, whatever. You could even take it out in cash, but if you do that make sure you set it up as a manager-managed LLC and not a member-managed LLC, otherwise, you guessed it, you broke code 4975.
The nice part is the Self Directed IRA Custodian is passive and can't deny you. If you try to use TDA, Schwab any brand name they can say NO to what you want to do. Well, they don't say NO, they say our operating procedures don't allow that. Which is their way of saying "you would have to move your account to a different custodian that allows that, but we are going to tell you that part."
You would need to use custodians like, Pensco, Kingdom Trust, Midland IRA, Madisson, there are plenty "Self Directed IRA's".

]]> http://trilema.com/2017/because-thats-just-how-things-are/#comment-122600 BingoBoingo Fri, 11 Aug 2017 23:26:35 +0000 http://trilema.com/?p=74010#comment-122600 And here's the scents! And here's the scents!

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