Self Directed IRA Funds

[Kenneth Bentley]

Recently, I heard that you could take your 401k and transfer it to a self directed IRA to use for real estate. You would need to invest in a LLC to do this. However, I was in the process of transfer my 401k to a SDIRA and Fidelity told me that the LLC has to be publicly traded. Has anyone been able to do this? How does it work?

Thank you,

Kenneth Bentley

[Laurie Mohler]

I think the person you spoke with might not have been fully informed. I transferred some of my IRA funds that were held in a Fidelity account to a SDIRA custodian (AdvantaIRA) . I set up a separate LLC and a separate bank account. The folks at Advanta held my hand all along the way, they were terrific. they have lots of educational videos as well.