January 2, 2018

Personally, I think Shakespeare had it wrong when he penned this advice in Hamlet: “Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry.” Perhaps he may be forgiven for his error, however, since Shakespeare suffered from a lack of the tremendous benefits of a truly self-directed IRA.

Money in self-directed IRAs can be loaned out to any person who is not a “disqualified person.” While this means that you cannot loan yourself or other related disqualified persons money from your self-directed IRA, you can loan the money to anyone else. Loans can be secured by real estate, mobile homes, equipment or anything you like. If you are really a trusting soul, you can even make a loan from your IRA unsecured (although in that case I personally would tend to support Shakespeare’s advice).

First, let’s look at it from the borrower’s perspective. At our office we offer a seminar entitled “Make Money Now With Self-Directed IRAs.” One of the ways you can make money for yourself right now with your knowledge of self-directed IRAs is by creating your own “private bank.” To do this, simply share the news that an IRA can be a private lender, refer people with IRA money to Entrust to open a self-directed IRA, and then borrow their IRA money for your own financing needs.

With private financing the loan terms can be whatever the borrower and the lender agree to within the legal limits. If you know a person who is getting 5% in a “safe” IRA at a bank, and you can offer them 9% secured by a first lien on real estate with only a 70% loan to value, would they be happy with that? Even with a higher interest rate, private financing can work for you. IRA loans can be done quickly and without a lot of fees or fuss, which may mean you can get a deal which might be lost if you had to wait on the bank. This is especially true in distressed sale situations, such as a pre-foreclosure purchase.

From a lending perspective, your IRA can grow at a nice rate while someone else does all the work. In a typical hard money loan, the borrower even pays all of Entrust’s modest fees as well as any legal fees for preparation of the loan documents. True, you won’t hit a home run with lending, unless you are fortunate enough to foreclose on the collateral. But the returns can be quite solid. For example, by making very conservative hard money loans my Mom’s IRA has grown by about 10.5% in one year. This is much better than the amount she was earning in her money market fund before she moved her IRA to an Entrust self-directed IRA.

Even small IRAs can combine with other self-directed accounts to make a hard money loan. My brother recently combined his Roth IRA, his traditional IRA, his wife’s Roth IRA, …

From a sailboat to a motor-driven yacht or a fishing boat to a high performance sports boat, the choices on offer are almost endless. Moreover, that makes it much easier to locate a watercraft to match an individual's specific needs. Whether a novice sailor, or an avid wake boarder, one common factor all boats have the ability to enjoy all pleasures out at sea.

Just as a boating enthusiasts will differ in their vessel of choice as well as its intended use, boating insurance plans also varies to some degree, and this can depend on a crafts use, its overall value, owners prior history (claims as well as experience ), and it's overall importance to an owner.

Boaters insurance can start with a simple liability scheme and extend to a more comprehensive all risks package, with a multitude of extra features and benefits to add-on. Deciding on the ideal coverage, can at times be a tough decision.

A boat owner that engages in the high speed thrills of a Jet Boat or Bowrider will be in need of a different plan to a sailor on a quite weekend cruise, or to those on board a dedicated fishing machine in need of one of the policies more directed towards the needs of an angler.

While an owner with an extensive list of high-tech instruments on board or one that's outfitted with a line of sports equipment will have to put in place adequate boats insurance to protect these expensive pieces of kit as well. …