Entire IRA lost due to a distribution error

Brian Fricke, CFP®IRA, Trusts

Trusts are complicated. IRA required minimum distribution rules are complicated too. When you mix the two together by naming a trust as an IRA beneficiary, bad things can happen. Here’s an example…

Real Estate inside an IRA goes wrong. Don’t let it happen to you

Brian Fricke, CFP®IRA, Taxes

You’ve probably been told that IRAs are allowed to hold real estate as an investment. But IRA custodians like Schwab, Fidelity and TD Ameritrade aren’t required to let you include real estate in your IRA account. A taxpayer – not one of our clients – learned this lesson the hard way. Here’s what happened.