So you want to buy a Yacht with your IRA. Awesome! I can show you how to do that. We set up a manager managed LLC in your State of choice. The Member, your IRA, will appoint you as the manager. You […]
A 2014 bankruptcy case, In re Cherwenka, dealt with prohibited transaction claims against a self directed IRA owner who used his IRA to invest in real estate. The bankruptcy trustee argued that the IRA should be disqualified because it engaged in prohibited transactions (PTs). If they […]
This is a collection of wisdom gleaned from the regulations and from helping hundreds of people walk through this process.
Restrictions on IRA investments:
- Life Insurance Contracts
No portion of an IRA may […]