Annuities - lots of serious questions; Self-Directed IRAs and Gold; Unusual Tax Questions; Avoiding Probate; Wealth Inequality is a Crock; 800,000 ObamaCare participants receive very bad news; American Capital Realty under Fire
In this edition of More than Money:
Gene answers listener questions:
Is it possible to roll a 401(k) into an annuity?
Annuites are being advertised everywhere – what are the pros and cons?
How are withdrawals from 529 plans reported on tax returns?
Why can’t a taxpayer fund their own mortgage with funds from their IRA?
Are there tax implications when closing out an LLC?
Can a taxpayer have gold coins in a self-directed IRA and take possession of the coins?
If I invest in ETFs is there a risk I won’t be able to sell them?
What are bitcoins?
What do folks need to know about dormant bank accounts and escheat?
Can I deduct my daughter’s wedding if I invite business guests?
Can I set up a trust for my son that restricts access to the funds?
Are 529 plans included in a taxpayer’s probatable estate?
Who’s the responsible person at my work for the poor performance of my 401(k)?
Are inherited annuities and life insurance policies income taxed to the beneficiaries?
Gene talks about:
The huge lie that is ‘Wealth Inequality” in America
With temperatures consistently at or below zero – the huge lie that is ‘Global Warming’
800,000 taxpayers get bad tax forms – the huge lie that is Obamacare
REIT promoter American Capital Realty sued by numerous major investment groups
The markets have a solid week – is there more to come?