Archive for October, 2014


Thursday, October 30th, 2014

What is a mySOP?

mySOP is an Employee Stock Ownership Plan in the form of a 401(k) plan set up for your own C-corp. The mySOP’s purpose is to purchase the shares of your own C-corp. This structure is designed to get cash from your 401(k) or IRA into a corporation. This is necessary in order for start-ups, small businesses or cash strapped companies to tap cash from their pension accounts. This strategy can also be used when recourse lending is required and access to cash is also a need.

Who would benefit?

*Someone who wants to use retirement cash to fund their start up business instead of starting off in debt with a loan.

*Someone who wants to purchase real estate

*Someone who wants to loan money to themselves or other (following restrictions and rules).

*Someone buying or starting a business and need instant capital

*Someone who wants to use purchase options on real estate

*Someone who wants to flip properties.

*Someone who needs money to develop and license intellectual properties (like patents, trademarks, copyrights).

*Someone who wants to contribute more than an IRA will allow

Set-Up Fee

$3,995 set up

What’s included:

• Setup of C-Corp
• Filing of state articles
• Filing for Corp EIN with IRS
• C-Corp bylaws
• Setup and operating guide
• Stock certificates
• Meeting Records (initial and annual)
• Banking authorizations for checking account
• Creation of plan documents
• Filing of EIN
• Favorable determination letter from IRS
• Complete set of plan documents with all necessary forms and guides
• Assistance and guidance with rollover of current plan or retirement accounts to new self-directed plan

Annual Cost

$275 annual IRA fee

State Filing Fee – The State will send the account holder a renewal notice each year

Optional Corporation Name Reservation Fee (varies by State)

**We can email you the State fees if you email us the registration State.


1.  We set-up your IRA and process your Transfer Request form.  Rollover money is received and released.

2.  We will create the C-Corp, your personalized mySOP Plan (Trust with Plan documents).  Your C-Corp adopts the Plan.  We will file with the IRS.

3.  We will help you roll over all or some of your monies from the IRA into the mySOP.

4.  You set up a checking account for the Company and the Plan.

5.  We process your Direct Investments by purchasing shares of the C-Corp with pre-tax mySOP monies.


IRA APPLICATION – complete this online application to set-up the self-directed IRA.

mySOP APPLICATION – Complete to set-up the Plan.

Employer and Participant Application – This is for the Employer and Participant to complete.  Please make a copy of the Participant application if there is more than one participant in the Plan.

Transfer Request form Use this form to roll funds from your current custodian into your new self-directed IRA account.  Click here for more information about this form.


Jaclyn Grella

Phone 800-454-2649 x1119

Fax (801) 904-0019

[email protected]


TAX ADVICE DISCLAIMER : In compliance with IRS requirements under Circular 230, I am informing you that this communication (including attachments), to the extent it includes any tax advice, is not intended or written to be used, and cannot be used, for the purpose of avoiding tax penalties or promoting, marketing or recommending any transaction to another party. No information in this communication, including any attachments, should be considered financial, tax, or legal advice and may not be relied upon as such. All discussions are for informational purposes only. Please consult with your own professional advisers if you need legal or other professional advice.  All prices are subject to change.

Your Health Is Vital To An Enjoyable Retirement

Thursday, October 30th, 2014

Happy Retired Couple

Typically getting older means more health problems and issues. That doesn't have to be the case though and there are many benefits to entering retirement healthy and continuing the healthiness while in retirement.  According to a Fidelity Investments Retirement Savings survey, arriving at retirement in good health can result in some major cost savings. Those who retire in goo15d health may need 19% less money over the course of a retirement than people who have chronic conditions and bad habits.

Roughly 20% is a significant amount of money! If you are concerned about having enough money for your retirement one thing you can do to help benefit yourself and your retirement nest egg is to get as healthy as possible!

While we here at Accuplan Benefits Services strive to help you get the most out of your retirement investing. We also want you to have the best retirement possible and a healthy retirement is a great start. While there are plenty of things that can determine your longevity and total health and wellness the following are a few of the things that you have control over that can make a difference in your total health while in your retirement years:

1- Environments- The environments that you have lived and currently live will affect your overall health and can help determine what your average life expectancy is.
2- Cultures and norms- The cultures and norms can make a big difference to your overall healthiness. There are times when cultures and norms are actually bad for your health.
3- Lifestyles- This is one of things you have the most control over. While it is still hard to change some of your lifestyle habits you can do it.

If you can only focus on one of factors to improve your health now and for retirement focus your biggest efforts on your lifestyle changes. Why focus on lifestyle changes? Simply because if you make a difference to your lifestyle changes it can affect all other factors to your health. It can affect your culture and norms and even your environment. If you change your lifestyle enough more than likely you will have to change certain aspects of your culture or the norms that your culture indulges in.

Lifestyle changes can be big changes or little changes. You can simply decide to start walking and moving more throughout the day or you can make a bigger move and decide to go to the gym everyday for at least an hour. You can decide to stress less or you can take a bigger leap and do yoga a few times a week. You could decide to cut out one of your regular eating out for lunch days or you could dig deeper and decide to cut out sweets and soda from your diet.

Whatever you choose to do to improve your health by changing your lifestyle make sure to make it something attainable. Something you can do and something you can improve upon. Baby steps can go along way. If you take baby steps continually, eventually you will get to where you want to go, and in our case you'll arrive at retirement much healthier than if you didn't take those lifestyle changes to a better, healthier and happier life.

Making sure you are healthy and happy when arriving at retirement is just one thing you can do to make sure your retirement nest egg is what it needs to be in order to fully fund your retirement.

For more help investing how you want with your retirement accounts feel free to contact us and we can help you get investing in things you want, like real estate or gold.


Checkbook IRA Vs Self Directed IRA

Monday, October 27th, 2014

There are many benefits to a self directed IRA compared to a regular IRA but have you heard about the benefits of a Checkbook IRA over a self directed IRA? While a self directed IRA and a checkbook IRA are very similar there are some differences and benefits that you’ll want to be aware of when talking about a checkbook IRA.

For more information regarding checkbook control IRAs or regular self directed IRAs please feel free to contact us anytime.

Get The FAQs about A Gold Backed IRA

Monday, October 20th, 2014

Diversify With Gold

The stock market has had a very rough month with losses of roughly 6%. The Dow Jones Inudustrial Average is down over 1% year to date. With all of this uncertainty in the markets nobody knows where it is headed. One smart investing advice that many give is to make sure you are well diversified. Being well diversified in many different types of investment options helps to ease your stress when one of those investment options doesn't go so well.  We talk incessantly about how a self directed IRA allows you to diversify your retirement portfolio by investing in non-traditional investments. Below are some common questions clients ask me about investing in gold and silver with a gold backed IRA.  If you have any more questions feel free to comment, call or email me.  

Q: How is the metal held and stored?

A: All precious metals are stored in our secured vault with Brinks. Tax law requires that a licensed custodian hold precious metals for your IRA. All metals are counted and verified upon receipt in the Brinks vault. You will receive an email notification along with a certificate of ownership when the metals are verified at the Brinks vault.

Q: Are there any taxes?

A: Holding precious metals is no different than any other investment held in your IRA. Any growth or gains in the metals are deferred until you start taking distributions from your IRA account.

Q: Are there any penalties?

A: There are not any penalties or issues with taxes when it comes to buying and holding precious metals in your IRA.

Q: What is the cost for setting up a precious metals IRA?

Setup Fee:    $35
Annual Fee:    $150

Monthly Storage Fees

Asset Value Of Metals    Gold Only    Silver Only    Both Metals
< $25,000    $8    $10    $10
> $25,000    $12    $18    $18

Q: Are there any minimum purchase quantities?

A: Depending on who the metals are purchased from can determine the minimum quantities. Generally speaking $5,000 is a typical minimum.

Q: What types of metals can be held in the IRA?

A: Only gold coins that are legal tender with 0.9999 fineness are allowed in an IRA, with the exception of the American Gold Eagle, which has a fineness of 0.9167% fineness. Other gold coins allowed to be put into an IRA include the American Buffalo, Canadian Gold Maple Leaf, and Australian Gold Nugget. The popular South African Krugerrand is not permitted to be included in an American IRA because it's fineness is only 0.9167%

The regulations that govern gold contributions to IRAs call for a minimum purity of only 0.995%, most gold bullion bars are 0.9999% pure.

For a complete list go to the following post—INSERT POST

Q: Can my annual contribution be  bullion or coins that I personally own?

A: No, Any annual Roth or Traditional contribution must be in the form of cash (currency).  Rollovers and Transfers, though, do not need to be in the form of cash.  

Q: Can I take distributions of the physical metal instead of taking cash?

A: Yes. Distributions from an IRA can be cash or non-cash. The only issue will be that the distribution will usually be taxable to you (except for a Roth IRA), which would mean that you would either have to liquidate enough metals to pay the taxes or you would have to use cash from your personal accounts to pay the taxes.

Q: Traditional IRA vs Roth IRA?

A: Traditional IRA’s are pre-tax contributions.  Contributions made annually provide you with tax benefits in the year you contribute.  Income grows tax free but when distributions are made the income is subject to taxes and your personal rate.

Roth IRA’s are post-tax contributions.  Contributions made annually do not provide you with any tax benefit in the year you contribute.  Income grows tax free and when you take out distributions are not subject to any taxation.

Q: What is the process to get started?

1. We setup an IRA account

– Upon receipt of your application, we will have the account created and the transfer request sent out within 24 hours of receipt.

 2. We forward the IRA transfer request to your current custodian
3. Your custodian sends us the money

– We send wire and mail instructions with the transfer request.

4. We invest your monies as you direct us to.

– The investment direction form, contained in the application, is used to direct us to place your monies in your investment. 

Author: , Self Directed IRA Professional
[email protected]

Start Saving For Retirement Today!

Thursday, October 16th, 2014

self-directed IRA retirement clock

You have heard it time and time again and today will be no different. We wanted this to be a bit more targeted to those in their 20’s and 30’s but it can apply to anyone regardless of your age. Start saving for retirement now!!!

The fact is that most 20 or 30 year old’s think that they can wait to save for retirement when it becomes easier to actually save. The truth is though that it typically never gets easier. There are so many things that typically creep in that take away your attention, time and money. For instance, getting married and having children easily becomes one of the biggest distractions to retirement saving for those in their 20’s and 30’s. Not to mention a new house, car, and traveling are a few others just to name a few.

Why Should You Save Now?

It isn’t going to get any easier. We are seeing the demise of pensions and retirement account offerings. We are having to be responsible for our own nest eggs. The good news is that many in their 20 and 30’s realize this. The thing you need to do today is change your mindset.  The longer you wait to save for retirement the more money you will have to save.  I think we would all agree that having to save more than if you would have started earlier doesn’t sound fun. To explain it simply, a $1 invested at 25 is just about five times more valuable than a $1 invested at 45.

Set Up A Plan To Save

Commit to saving now! It is important to start saving something no matter what it is. A great goal would be to start saving roughly 10% of your income. If you don’t think you can handle that then maybe you need to look at what you are spending your money on and cut out the unnecessary purchases because your retirement is more important. If you think anything less than 10% will do it, you are more than likely wrong. In a way, it is like betting you will kick the can within 10 years of retirement.

Again if you absolutely can’t save 10% of your income then start somewhere but push yourself to eventually get to that 10% as soon as possible.

Always Match

If you happen to be one of the lucky ones that still have a 401k offered to them and a match from your employer make sure you maximize your contribution to get the full match. It is free money. Find out how much you need to contribute to get the full match and do it! There is no way you can help your retirement out more than by adding free additional funds to your accounts.

Step Outside The Box

If you have a 401k and still have other means to save or if you don’t have the option of a 401k then fund an IRA. You’ll need to decide between a Roth or traditional IRA as the one you choose can play a big roll in taxes and the total nest egg you will actually get to take home at the end of the day. I would first decide if you are going to use a Roth and then I would talk to a retirement specialist as to if a traditional or Roth works better for your situation. Typically for those in their 20’s and 30’s a Roth will be the way to go.

Invest How You Want

When investing with an IRA one thing you can do or push off to an investment professional is to choose your investments. When going with investment professionals you’ll typically only be able to invest in stocks, bonds and the like. If you want to invest in actual real estate, gold, private placements or just about anything then you need to make sure you choose a firm that allows for self-directed IRAs. A self-directed IRA is the same thing as a regular IRA the only difference is that the custodian (firm) allows you to invest in non-traditional investments.

A self-directed IRA is a great option that allows you to truly diversify your retirement accounts. For more information on investing how you want into things other than the stock market contact us today.

Max It

While I mentioned before that you’ll want to shoot for saving 10% one other thing to try and do is to maximize out what you can contribute to your retirement accounts. Again, this can be hard to do and you should be shooting for saving at least 10% of your income but don’t ever stop there because the best case scenario is maximizing your retirement accounts out each year.

Hopefully, those of you who are just getting into the workforce can really start saving for retirement because time is one of your biggest assets and the earlier you start the bigger impact it will have on your retirement. Start today and make the best of your retirement by saving to your retirement accounts today.

Author: Nick Barker