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Updated over 9 years ago on . Most recent reply

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4
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Joddie Partch
  • Mesa, AZ
0
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Self-Directed 401K Services Provided Conflict

Joddie Partch
  • Mesa, AZ
Posted

I am looking for a feedback on the potential investment that I would like to make with my self-directed retirement account. I have a client, a partnership, that I provide services to. They are looking to buy a commercial property and need a loan for 6-12 months. I can lend them the money out of my account. Would arrangement like this be considered a prohibited transaction for self-directed IRA since I'm providing accounting services to the partnership. I do not see any conflict of interest but wondering what more experienced investors think.

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