Industry News & Noteworthy Events

Industry News & Noteworthy Events

Self-Directed Investor News Scan

***IRS Takes Aim at TurboTax, H&R Block and Others

For years, the Internal Revenue Service (IRS) has steered clear of direct conflict or competition with the tax-software industry, stating in a memorandum of understanding, "In recognition of [the tax filing industry's] commitment to [offer free filing services to low-income taxpayers], the federal government has pledged not to enter the tax -return-software and e-file services marketplace." Now, however, the IRS has officially "stricken" that provision from the agreement in response to many companies' strategy of hiding their free filing options from search engines and keeping those free options out of search engine results.

The IRS does not, at this time, offer its own software, but the agency has officially rescinded its commitment not to compete against the tax-software industry. For nearly two decades, the IRS/Free File Agreement has stated that low- and mid-range earners must have access to free filing services. Last year, TurboTax and H&R Block were both criticized by ProPublica for allegedly hiding their free tax programs. Several states opened investigations into the companies' marketing programs and use of free tax-filing software.

***SECURE Act Signed into Law

When President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law at the end of 2019, it became the broadest piece of retirement legislation passed in 13 years. Unfortunately, some of the purported "benefits" of the SECURE Act will not be particularly beneficial to self-directed investors. You can learn more about the SECURE Act and what it could mean for your retirement on page 61 or visit for regular updates on the effects of this legislation.

***New Study Indicates Average American Starts Saving for Retirement at 31

According to newly published data from the Nationwide Retirement Institute, most American employees begin saving for retirement at the age of 31. The study indicated three factors contribute to Americans' decisions to delay saving for retirement entirely or to save less than they should for retirement prior to age 31. Those factors are debt, rising costs of living (including healthcare, childcare, and housing), and lack of access to a retirement plan.

Nationwide analysts noted younger employees are more than twice as likely as older employees to work part-time, in impermanent "gig" positions, or as contractors. This renders them ineligible for employer-sponsored retirement plans and often leads them to overlook other options, like self-directed accounts, entirely. Millennials, who are the most at risk for delaying saving for retirement thanks to staggering student loan debt, "have a job tenure of one year or less," the researchers noted.

The report indicated about one-third of all small-business owners plan to start offering retirement savings programs within the next year, but failed to address self-directed account options for individuals who do not have access to company plans or do not wish to participate in them.

Source: Nationwide Retirement Institute

SDI Magazine's Q1 2020 Event Coverage

High Speed Alliance Mastermind
January 24-26, 2020
Huntsville, Alabama

High Speed Alliance (HSA) was created by Dr. Forrest Bryant, a retired dentist, financial planner, and real estate investor. Dr. Bryant is committed to making a difference in the world around him and created HSA with the goal of helping doctors, dentists, and CEOs generate passive income that will lead them to freedom and create lasting legacies for their families. By helping practice owners maximize their businesses, master personal and business finances, and create a focus on family and lifestyle, HSA is positioned to be a game-changer in the finance industry.

Self-Directed Investor Magazine will cover the February 2020 HSA event, and SDI Society founder and president Bryan Ellis will speak at the Huntsville meeting. Learn more about the event and how to register by emailing [email protected]

1-Day Capital Raise (1DCR)
January 30-31, 2020
Atlanta, Georgia

KLT Group will offer its next 1-Day Capital Raise (1DCR) training January 30-31, 2020. KLT founder Bryan Ellis and Self-Directed Investor magazine editor-in-chief Carole Ellis will host the event in Atlanta, Georgia. Although Bryan spends most of his time raising capital, he occasionally offers this seminar to explain how he does it. Learn more (and be mercilessly tempted to attend) by visiting

Best Real Estate Investing Advice Ever Conference (BEC20)
February 20-22, 2020
Keystone, Colorado

The BEC20 is a leader in world-class real estate investing conferences and is built around real investors' stated goals. "Our speaker selection process isn't about who we know. It's about what you want to know," the Best Ever team states. Bryan Ellis is proud to be a speaker at BEC20. The founder of KLT Group and SDI Society will discuss the creation of capital-raising webinars that are both distinctly elegant and deeply persuasive and how he expects to raise more than $50 million in 2020 alone.

Self-Directed Investor Magazine is proud to provide coverage of BEC20. Learn more about the event and how to register by emailing [email protected]

Good Success Marketing Bootcamp & Mastermind
February 27, 2020

Dallas, Texas

Good Success works with successful small-business owners and investors to grow their wealth while also cultivating true success and lasting, generational wealth and community impact. Self-Directed Investor magazine editor-in chief Carole Ellis will speak on February 27, 2020, on the art of writing and leveraging persuasive copy to raise capital, do deals, and build business. SDI magazine will also cover the Good Success mastermind event on February 28-29, 2020, following the marketing bootcamp.

Learn more about the event and how to register by emailing [email protected]

Noteworthy Investor Summit LIVE 2020
February 27-29, 2020
Anaheim, California

One of the nation's top events for real estate, paper, and alternative investments. This event features notes available for purchase live at the Summit and bonus topics including self-directed IRAs, an asset showcase of assets available for purchase, marketing, and business strategy sessions. SDI Society founder Bryan Ellis will speak at this event and SDI Magazine is proud to provide coverage of the Noteworthy Investor Summit Live 2020.

Learn more about the event and how to register by emailing [email protected]

SDI Magazine's Q1 2020 Recommended Media

Recommended Podcast
"The Capital Raiser Show"
Host: Ruben Greth

Learn best practices for raising private money for multifamily syndication and other real estate investments. Find out what stops people in their tracks and how they break through those obstacles to raise money for their projects. Guests include multifamily syndicators, real estate attorneys, and securities lawyers.

Recommended Reading
Guidebook to Borrowing on Real Estate
by Samuel K. Freshman

A comprehensive guide to gap and bridge loans. Samuel K. Freshman is the chairman of Standard Management Company. SMC has been continuously involved in gap and bridge lending since 1961. In the guidebook, Freshman explains how SMC creatively structures loans, came to a "liberal policy on prepayment penalties," and sometimes elects to loan on low- or no-occupancy properties.

Download the Guidebook to Borrowing on Real Estate at

The Definitive Guide to Self-Directed IRAs
by Bryan and Carole Ellis

From choosing the kind of IRA that is right for you to helping you avoid those dreaded prohibited transactions, Bryan and Carole Ellis of SDI Society provide you with the knowledge that you need to make the right choices in regard to your Self-Directed IRA.

For more information on SDI Society and all things related to self-directed investing, visit

50% Complete
Almost there
The Headline Goes Here
The Subheadline Goes Here
Audience is not selected
Your information is safe and will Never be shared
50% Complete
Almost there
The Headline Goes Here
The Subheadline Goes Here
Your information is safe and will Never be shared