Self-directed IRA custodians and plans
Posted by Sheldon Harding CPA at 12/7/2009 9:21 AM 
Categories: Self-directed IRA; retirement plan; HSA; non-traditional investments
Categories: Self-directed IRA; retirement plan; HSA; non-traditional investments
Can I self-direct investments in my IRA or other retirement or health plan into non-traditional investments like real estate or other businesses of my choosing?
In short, it is possible. You do have to choose a non-traditional custodian of those funds that will invest in other allowed investments beyond the normal universe. You can't invest retirement plan assets in prohibited items in the tax law, but that list is quite specific and short. So you need to choose a custodian that has a good legal team that designed its program well and check their program out with other legal and tax advisors. There are now several non-traditional custodians of IRA funds available to choose from. Once you choose one, you can then invest in ways that you previously thought was impossible to do with your IRA funds.
So if you really want to get a part of your IRA funds out of the traditional financial assets like bonds and equities, then I suggest that you start talking with your circle of advisors or forming a circle of advisors that will advise you wisely and support you in your decision.
In general, you can't invest in items that would benefit you or your family in some way like a personal residence, your own business, or collectibles. So seek good advice and find out the facts on some creative possibilities.
In short, it is possible. You do have to choose a non-traditional custodian of those funds that will invest in other allowed investments beyond the normal universe. You can't invest retirement plan assets in prohibited items in the tax law, but that list is quite specific and short. So you need to choose a custodian that has a good legal team that designed its program well and check their program out with other legal and tax advisors. There are now several non-traditional custodians of IRA funds available to choose from. Once you choose one, you can then invest in ways that you previously thought was impossible to do with your IRA funds.
So if you really want to get a part of your IRA funds out of the traditional financial assets like bonds and equities, then I suggest that you start talking with your circle of advisors or forming a circle of advisors that will advise you wisely and support you in your decision.
In general, you can't invest in items that would benefit you or your family in some way like a personal residence, your own business, or collectibles. So seek good advice and find out the facts on some creative possibilities.
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