http://bawldguy.com/the-self-directed-ira-is-often-misunderstood-some-facts/?utm_source=rss&utm_medium=rss&utm_campaign=the-self-directed-ira-is-often-misunderstood-some-facts Real Estate Investing Through Purposeful Planning Sun, 20 May 2012 02:11:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://bawldguy.com/the-self-directed-ira-is-often-misunderstood-some-facts/#comment-14039 John Park Tue, 17 Apr 2012 04:13:34 +0000 http://www.bawldguy.com/?p=3099#comment-14039 Gentlemen, I will go one step further. First, if you go the IRA route, you use a custodian that will allow you to administer your own plan. Of course, you still need a custodian, but you invest into a correctly established LLC that is owned by the IRA....take those "calls" out of the hands of the custodian and leaves total decision making to you....assuming, of course, you follow all IRS rules. Now, Jeff, I know you don't like the 401Ks, but they are a reality. They are even better. 401Ks do not require a custodian, account holder can be established as Trustee and full control. Gentlemen, I will go one step further. First, if you go the IRA route, you use a custodian that will allow you to administer your own plan. Of course, you still need a custodian, but you invest into a correctly established LLC that is owned by the IRA….take those “calls” out of the hands of the custodian and leaves total decision making to you….assuming, of course, you follow all IRS rules. Now, Jeff, I know you don’t like the 401Ks, but they are a reality. They are even better. 401Ks do not require a custodian, account holder can be established as Trustee and full control.

]]> http://bawldguy.com/the-self-directed-ira-is-often-misunderstood-some-facts/#comment-4035 Jeff Brown Fri, 06 Nov 2009 20:30:31 +0000 http://www.bawldguy.com/?p=3099#comment-4035 Truer words were never said. That's why I use the biggest, most repsected administrator around for my clients. Truer words were never said. That’s why I use the biggest, most repsected administrator around for my clients.

]]> http://bawldguy.com/the-self-directed-ira-is-often-misunderstood-some-facts/#comment-4034 Trent Yeo Fri, 06 Nov 2009 20:20:22 +0000 http://www.bawldguy.com/?p=3099#comment-4034 For those who are stuck in IRAs (I don't care for them myself and don't have one), the "self-directed" IRA is a great way to free that money, to an extent, to take back control of what you've worked so hard for. According to administrators I've talked to in the past, there is a lot of interpretation that goes on when considering what you can direct your money into as well as how they direct it and distribute the income. Just make sure you have a competent custodian with experience to back up their word. For those who are stuck in IRAs (I don’t care for them myself and don’t have one), the “self-directed” IRA is a great way to free that money, to an extent, to take back control of what you’ve worked so hard for. According to administrators I’ve talked to in the past, there is a lot of interpretation that goes on when considering what you can direct your money into as well as how they direct it and distribute the income. Just make sure you have a competent custodian with experience to back up their word.

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