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Another way to stiff Wall Street and perhaps create jobs locally?

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cpamomfromtexas Donating Member (453 posts) Send PM | Profile | Ignore Fri Nov-04-11 12:22 PM
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Another way to stiff Wall Street and perhaps create jobs locally?
Basically this involves an IRA that owns an LLC giving you checkbook control over what the ira invests in and gives you options outside of wall street. This has been possible for many years, but most people just left their funds invested with Wall Street because that is always what was pushed and what big banks pushed for.

If you have any retirement funds you can rollover into a Roth IRA, this is a little known but potentially good way to:

1) give yourself options in retirement outside of wall street investments
2) create jobs locally and outside of corporate interests

I'm thinking Occupy Wallstreet might want to develop a source of funds by setting these up for people. I know I'd rather know setting this up would support a worthy cause and not just an attorney on the web.


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