Leaving California

The non-partisan Tax Foundation ranks California’s individual state tax environment 49th out of 50. Only New Jersey scores worse. If the pinch of state income tax has you thinking about moving out of state, here are some important things you need to consider.
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Watch out for IRA prohibited transactions

When IRAs were first created in the early 1970s, most IRA account holders invested in traditional securities like mutual funds or publicly-traded stocks and bonds. Times have changed. An increasing number of people are now using their IRAs to buy real estate, hedge funds, precious metals or even closely held businesses. There is nothing wrong with using these “alternative” investments in an IRA, but they can be tricky.
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