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Updated over 5 years ago on . Most recent reply
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Self Directed IRA Fees?
I have an SDIRA. My Custodian is telling me that I can pay their fees with funds from outside my IRA. Is that right? I know there are other fees and expenses that I have to pay with funds from inside my IRA. So now I'm confused as to when do I need to use funds from inside my IRA and when can I use funds from outside of it? Can someone explain this to me?
Thanks
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With fees for the administration of an IRA, you are allowed to pay personally or from the IRA.
You may never use personal funds for any of the investment activities of the plan. That would constitute self-dealing and risk of a prohibited transaction.