Looking for cpa who deals with self directed ira

[Chris Williamson]

Does anyone have a good cpa in the Southern California area that deals with self directed IRA’s???

[Justin Windham]

@Chris Williamson

If you want to have checkbook control of your retirement funds as @Lee Ripma suggested, a Solo 401k is a much more direct way to do so. It does require self-employment activity, but has a lot of advantages:

• Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.
• There is no custodial requirement for the 401k.
• You don't need the additional expense and administration of an LLC to have checkbook control.
• There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.
• A spouse can also participate in the same Solo 401k plan.
• The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.
• The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)