Why your home is NOT a good investment

Brian Fricke, CFP®Financial Planning

If you’ve owned a home for a long time you no doubt remember what you paid for it and you have an idea of what it’s worth today. It’s just human nature to think that the increased value is your profit. However, the flaw in this thinking is…

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.