Posted by John K Haslach, CPA, MST on March 02, 2008 at 11:52:38:
Check out IRS Pub 1107.
self directed IRA - Posted by Andy
Posted by Andy on February 29, 2008 at 14:00:50:
Does anybody have experience with self directed IRA’s? I am changing jobs and have a decent sum of money that I need to roll over. I’ve been on some sites that offer the IRA but other than browsing these sites I am completely lost. I would have too many questions to list here.
Re: self directed IRA - Posted by Ken
Posted by Ken on February 29, 2008 at 15:54:14:
I use Equity Trust Company.They have been easy to deal with and very helpful.I would be glad to answer questions.
Re: self directed IRA - Posted by Eric Tack
Posted by Eric Tack on February 29, 2008 at 14:35:55:
Yes, just visit http://www.trustetc.com/ Its called Equity Trust Company, formerly Mid-Ohio Securities Corp. I’ve been with them for years and they do business in every state as far as I know. It’s real easy to get started and they’ve been just great to me. If you need to employ some of your IRA money, I have many opportunities in real estate that will pay decent returns and is much safer than Stocks, mutuals and hedge fund junk.
Re: self directed IRA - Posted by Andy
Posted by Andy on March 01, 2008 at 09:24:48:
Ken, is it as simple as assigning the money with them and go buy properties or are there tax consequences or accounting necessary?