IRA money getting off the couch and going to work

[Bill Henley]

While processing a loan application I was making the bank discovered a $52,000 balance in an IRA, sitting in a brokerage account in my name. The account originated in a job I left in 1991, and after rolling it over a couple times I had simply forgotten about it. Podcasts and BP had made me aware of the self-directed IRA option, and I was also aware of an investment opportunity which promises to pay between 30 and 60 percent. It took about 4 weeks to liquidate the brokerage account, transfer the money to a SDIRA custodian (IRA Services Trust), and get the money wired to the promoter. But as of today it has been done. Now I'm the one sitting on the couch, waiting for that tax-free money to come rolling in. Thank you BP posters!