bigbadwolf

Does anyone have the article published about a week ago from BofAML's Michael Hartnett that they can share. He suggests "buying humiliation and selling hubris". I can't seem to find it online and don't want to bother emailing a broker to request. Thanks in advance.

She really could end up in jail on this one... http://www.bizjournals.com/sanfrancisco/blog/techflash/2016/05/theranos-corrects-blood-test-results.html

New regulations came out late in 2013 for a safe harbor method. http://www.irs.gov/uac/Newsroom/Simplified-Option-for-Claiming-Home-Office-Deduction-Starting-This-Year 20% is high - but it doesn't matter - just be able to justify to any auditor. The main thing to remember is that you can't have any other office (i.e. provided by a company or other rental). It must be the primary space. You aren't really turning a non-taxable gain into a taxable gain unless you choose to depreciate the property - even then you are getting an ordinary deduction today and recapturing a 1250 gain at 25%.

I opened an account with Eli Lily last week. There customer service has been exceptional so far. They call and email (real person) to make sure you are happy. The process to open the TD Ameritrade account has been pretty seamless so far - still waiting on funds to move over from the bank to the broker.

You should also be able to roll funds over once every 365 days. I set-up a non-employer HSA account. I then roll funds from the employer HSA to this non-employer HSA once a year since the investment options with my employer are not great. One advantage that is not often discussed - you can track medical expenses but not distribute the funds each year. This allows for the investments to continue to grow and compound tax-free. If the need for cash ever arises, just take a HSA distribution. Expenses and distributions don't have to occur in the same year - the distribution can be made at any point in the future. You can even wait until death and have your estate reimburse the qualified medical expenses incurred during your lifetime. A HSA is one of the only tax-free (no income or payroll taxes) vehicle for the non self-employed.

One thing I forgot to mention - the IRS frowns up it (and will likely change the law soon) - but you can form a LLC and use your Roth funds to purchase this LLC. It is known as a checkbook LLC. The purpose of this is to have the LLC buy the privately held business (as one of its investments). The self-directed IRA custodian charges a per transaction (think of the volume of cash in/out for rental real estate). With the checkbook LLC, you limit the volume of transactions. Most IRA custodians won't handle - but there are some that will if you search.

This concept is known as a self-directed IRA. I am going through the exact process right now rolling over a Roth to purchase shares in a privately held business. The major player in the field for the US is Equity Institutional - formerly Sterling Trust. The fee generally comes out to about 0.4% of AUM for smaller sums and goes down as asset value increases. I contacted a company in CA named IRA Services Trust - lowest cost provider from what I could tell but I am still having trouble getting myself to trust the process. It seems like a fantastic opportunity for a major player to come in and dominate. Most custodians don't want the headaches. There are major tax compliance issues - annual valuations, prohibited transactions, IRS reporting, etc. Last figures I saw were about 2% of IRA assets were in self-directed IRAs. I fully expect this to grow over time. The only well-known broker I could find was TD Ameritrade. They required 100,000 of liquid assets outside the IRA and then an annual fee of $250. Within TD Ameritrade, this IRA is referred to as holding a "non-standard asset" and an "alternative investment" - in case you are interested. I am sure you can google it or I have emails from them, if desired. I would advise you to get the asset pre-approved by the provider's compliance office before rolling over any funds.

Has anyone thought about Deere?