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The GRAVEST RISK to your Self-Directed IRA | Episode #5
FromSelf Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's
The GRAVEST RISK to your Self-Directed IRA | Episode #5
FromSelf Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's
ratings:
Length:
11 minutes
Released:
Feb 3, 2015
Format:
Podcast episode
Description
SelfDirected.org/5 Prohibited Transactions frequently lead to the loss of half – or even all – of the host Self-Directed IRA Bryan’s definition of Prohibited Transaction: A prohibited transaction happens when the money or assets in the account are used to benefit you or your loved ones in the here-and-now rather than being a benefit to you exclusively during retirement. Prohibited Transactions are practically impossible to correct in Self-Directed IRAs… in Solo 401(k)’s, correction tends to be much simpler Common Examples: Borrowing from your IRA, paying yourself a salary for maanging your account, taking commissions for the sale of a property purchased or sold by your IRA, etc. Sometimes Prohibited Transactions can be very subtle, such as if you allow a family member to use your IRA’s property for seemingly innocent reasons
Released:
Feb 3, 2015
Format:
Podcast episode
Titles in the series (100)
SDI 025: 12-18% Returns Every Year... And It's REALLY SAFE!: If you could earn 12-18% each year - VERY VERY SAFELY - you'd jump right on it! I'll tell you exactly how in Episode #25! by Self Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's