chadlonetree Posted March 21, 2011 Report Posted March 21, 2011 I have a client wanting to do a self directed IRA so he can use it to buy investment properties. Outside of advising him on the Prohibited Transactions, I don't know much about them. I know most of the Big Boys (Fidelity, Schwab, etc...) do not handle them. Anyone have any advice or know of any good potential custodians or trustees? Quote
Randall Posted March 22, 2011 Report Posted March 22, 2011 I don't give any specific advice on this. I just tell them I personally don't recommend it. But if they want to pursue this, they need to find a custodian who specializes in this and they have to do their own research on this and at their own risk. Quote
JohnH Posted March 22, 2011 Report Posted March 22, 2011 I get a few inquiries about this, and I also tell them that if they simply must do this with their retirment funds, they should look for a custodian who specializes in this type of activity. The name is often a clue - the most honest name would be "Landmine Investment Advisors", or something to than effect. Quote
iravest Posted March 22, 2011 Report Posted March 22, 2011 take a look at iravestor.org all the companies are there I suggest clients stick to RITA members. www.ritaus.org/ Quote
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