Self Direct IRA LLC

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jacktumblr1848
Posts: 14
Joined: Sat Nov 28, 2015 12:02 pm

Self Direct IRA LLC

Post by jacktumblr1848 » Mon Mar 20, 2017 6:15 pm

Has anyone heard of this before? Looking for suggestions and option. Been reading about the checkbook IRA and etc. Wondering if anyone else in this forum use it.

123
Posts: 2533
Joined: Fri Oct 12, 2012 3:55 pm

Re: Self Direct IRA LLC

Post by 123 » Mon Mar 20, 2017 6:33 pm

Just put "Self Directed IRA" (without quotes) in the search box in the top right corner to find prior discussions here.

Self directed IRAs are usually held by specialized custodians who offer to provide access for special investments, which are often sold or bundled by associated financial advisers. Costs are often much higher then IRAs held at regular brokerage or mutual fund companies. Some people believe that specialized IRAs of these types are more effective in generating fees for the adviser and custodian then benefits for the investor.
The closest helping hand is at the end of your own arm.

gclancer
Posts: 425
Joined: Sat Apr 27, 2013 10:34 am

Re: Self Direct IRA LLC

Post by gclancer » Mon Mar 20, 2017 6:48 pm

123 wrote:Just put "Self Directed IRA" (without quotes) in the search box in the top right corner to find prior discussions here.

Self directed IRAs are usually held by specialized custodians who offer to provide access for special investments, which are often sold or bundled by associated financial advisers. Costs are often much higher then IRAs held at regular brokerage or mutual fund companies. Some people believe that specialized IRAs of these types are more effective in generating fees for the adviser and custodian then benefits for the investor.


Checkbook IRAs are a far riskier version of Self Directed IRAs. Proceed with caution. http://www.journalofaccountancy.com/iss ... 37626.html

Spirit Rider
Posts: 6492
Joined: Fri Mar 02, 2007 2:39 pm

Re: Self Direct IRA LLC

Post by Spirit Rider » Mon Mar 20, 2017 7:51 pm

What is it exactly that you are trying to accomplish that can't be accomplished with a mainstream custodian?

This is a great way for people to blow up their IRAs with prohibited transactions. The custodians who promote these have a vested interest in minimizing the risks, which are all yours by the way.

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