Self-Directed IRA Plans

IRA Accounts — Don’t Face IRS Scrutiny or Penalties

There is a saying that goes something like, “with great freedom comes great responsibility.”  This statement, when applied to IRAs in general, and self-directed IRAs in particular, couldn’t ring more true.  It may not be a question of “how to be self-directed”, but rather IF you should be self-directed. Why? The penalties associated with triggering an IRS Prohibited Transaction within…read more →

More IRS Agents? I Guess More Audits!

Many people who have established self-directed IRA and 401K plans are always cautioned about maintaining strict  compliance with IRS Prohibited Transactions.  One might always want to consider such prohibited transactions similar to the IRS’ 10 commandments. However, before even starting with investing from their plan, there is a very key issue for many people that, if not careful, may present…read more →

Self-Directed IRA Co-Ownership — I Know I Can’t Do This….But?!

Many times, husbands and wifes who wish to use their respective IRA accounts for self-directed investments want to be co-owners of each others IRAs so they can make investments from one account. While a husband and wife can, generally speaking, rollover funds into ONE self-directed 401K where they both serve as co-trustees, this cannot be done with an IRA.  However,…read more →

Self-Directed IRA — Let’s Keep it Basic

I think all of us know, practically speaking, what an IRA is.  However, sometimes it is good to review the subject matter and see what the IRS defines as an IRA. It is important to know that there are different IRAs…..Traditional, Roth, SIMPLE and SEP.  But, for today, let’s keep it basic and define what an IRA is.

Can a Traditional IRA be Rolled Over into a Self-Directed 401?

Absolutely,  further, most any plan can be rolled over into any 401K plan….self-directed or not.  Noticeable exceptions to this are Roth IRA funds and SIMPLE IRAs in the first two years of existence. What this does mean is that, generally speaking, all 403(b), 457, 401K, and Traditional, SEP and SIMPLE (after the first two years) IRAs can be rolled over…read more →

You Don’t Have to Put All of Your Money in a Self-Directed IRA or 401K

Many people, when first establishing self-directed IRA or 401K accounts, belive it is an all-or-nothing proposition as it relates to the rollover of funds into the new self-directed plan.  In a nutshell, they believe that if they had a $100,000 in an traditional IRA, they would have to transfer or rollover the entire amount into the new self-directed IRA or…read more →

Total Control SD IRA & 401K — How Do I Get?

Having a self-directed IRA or 401K is one step toward obtaining complete control. To obtain a truly self-directed retirement account you need PGI Self-Directed and its unique system of allowing you the most . This is the structure that gives you checkbook control. When you simply establish an account with a self-directed custodian, you are still required to get permission…read more →

Prohibited Transactions — What the Heck are they!?

What does IRS Prohibited Transactions have to do with the Holy Trinity of cooking? Well, where the holy trinity is the core to cooking, Prohibited Transactions are the core to qualified retirement plans (e.g., IRAs, 401Ks). You have to make sure you know and do not violate IRS Prohibited Transactions!

Self-Directed IRAs & 401Ks — Is This New? Is This Legal?

The answer to the first question is no. The answer to the second question is YES. With Congress’s passing of ERISA (Employee Retirement Income Security Act (of 1974)), individuals have been able to self-direct their retirement investment decisions. There is nothing precluding individuals from self-directing either their IRA or 401K assets as long as their plans are established and maintained…read more →

Self-Directed IRAs & 401Ks…Are HIGH Fees Really Required?

You should really watch this video BEFORE you read this blog…and, maybe you have. In the world of self-directed retirement plans, there are many different options on how to self-direct and, with these options, different structures of fees. Just like the commercial, you may not want to have that same feeling with fees for your self-directed IRA or 401K. You…read more →