If you engage in a Self-Directed IRA prohibited transaction, you risk your plan getting disqualified and losing out on the benefits of the IRA.
Alternative assets are growing in popularity as more retirement investors move away from stocks in lieu of market volatility and other major factors.
Many important self-directed IRA rules exist, but here we discuss two of the most important rules to know when using retirement funds to make an investment.
The Internal Revenue Code does not describe what a Self-Directed IRA can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain types of transactions, known as a prohibited transaction. The purpose of these rules is to encourage the use of IRAs for […]