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investinggal |
1. RE: ummm
Jun 22 2007, 5:35 PM EDT
This is a completely legitimate way to diversify your retirement portfolio. Here is a site that a found very informative about Self-directed IRAs and their advantages www.guidantfinancial.com.
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selfdirectediraguy |
2. RE: ummm
Jun 25 2007, 6:29 PM EDT
Investing in non-standard assets through a retirement plan is not illegal - with the exception of life insurance and collectibles. Some argue S Corps should be in there as well however it's not due to IRA laws but rather corporate law. There are rules that an IRA must abide by. The rulse for such investments and they are found in the Internal Revenue Code (IRC). IRC 4975 details what kinds of transaction an IRA cannot participate in.
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Wellth |
3. RE: ummm
Jul 14 2007, 2:29 PM EDT
No, it has been legal sine the 70's. Most financial institutions want to sell you product, CD's, stocks, bonds, mutual funds, etc. so the omit this information or tell you it is not legal. Just go to IRS.gov website and you will see that everything is legal to invest in except insurance in your name, and collectibles.
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Wellth |
4. RE: ummm
Jul 14 2007, 2:31 PM EDT
A great alternative if you want to invest in an S corp and are a single business owner is the individualk or solok plan. It also has many other benefits including less restrictions, no income limits to do a roth portion, etc.
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fselden |
5. RE: isn't his illegal
Oct 26 2007, 1:21 AM EDT
The idea that the self-directed concept is "legal" does not fully address the issues involved. The concept includes risk. Someone who does not manage a self-directed IRA properly can end up having the IRS consider the entire IRA distributed (with taxes and penalties applying) even for a small prohibited transaction. The other replies seem to indicate that the only restrictions are no collectibles or life insurance. That is not the full story of what can trigger a ruling of a prohibited transaction.The method typically used for a self-directed IRA is for an IRA custodian (NOT the client) to invest the client's funds into an LLC owned 100% by the IRA and managed (for NO compensation) by the client. The client then invests in passive investments. No interactions of any kind between the client or other disqualified persons and the LLC. Still, for those who know what they are doing, this approach to investing one's own retirement funds allows more flexibility than found in most other retirement investment accounts and the most amount of self-control. 2 out of 2 found this valuable. Do you? |
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Posted Anonymously |
6. RE: isn't his illegal
Jan 4 2008, 4:04 PM EST
ok, i have NO idea what everyone is talking about, but it was very rude to interupt. GREAT SITE!!
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PepperRodgers |
7. Old investment avenue
Jan 15 2008, 10:32 PM EST
Since the 70's and still in the infant stages of public knowledge. I use all types of IRA funds. If you go to the web site you can see some of the projects we us to invest with IRA funds. www.betteryields.net Ira funds tremendous for pre-development lot purchases with resale in 3 years for great returns!
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