The GRAVEST RISK to your Self-Directed IRA | Episode #5
Self Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's
English - February 03, 2015 13:50 - 10 minutes - ★★★★★ - 490 ratingsInvesting Business News generationalwealth realestateinvesting realestateira selfdirectedinvesting selfdirectedira Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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
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