I need to open up a self directed IRA
December 12th, 2006 by KenricI decided that I dont want to purchase any more stocks with it so I’m going to move my money into a self directed IRA so that I can do more things with the money. Now my search for a self directed IRA company starts. Can any readers recommend one?
Here’s an interesting article relating to self directed IRA’s.
Posted in Finances | 6 Comments »
Stumble it!
Isn’t an account that you can buy individual stocks in self directed (rather than being with a specific fund company)? Or does this mean something else? Who is the account with now?
By moom on Dec 13, 2006
Moom, With a self-directed IRA I can invest the money in many other things, including real estate which is what I want to do with it. I am not limited to just buying stocks and funds. My account is with Schwab right now.
By Kenric on Dec 13, 2006
Good move. I have a sizeable 401(k) with my company and called the benefits people to inquire as to whether I can roll that over into a SDIRA, but they said “No” (unless, of course, I left the company).
By Steve on Dec 13, 2006
I have my self-directed Roth IRA with American Pension Services (APS). The website is http://www.aps-utah.com. I opened the account just a couple of years ago, but I have since directed funds from my account and my wife’s into a Roth IRA LLC, which owns an interest in some land in New Mexico.
By Cameron on Dec 13, 2006
Timely post… Many investors are moving to self directed IRAs.
I wanted to point out that there is a difference between a self directed IRA and a truly self directed IRA in which you can invest in alternative assets such as real estate and tax liens. You can learn more about the benefits of a truly self directed IRA at http://www.irallcpartner.com.
By Josh Moore on Mar 23, 2008