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Updated over 4 years ago on . Most recent reply

User Stats

38
Posts
11
Votes
Joe Schultz
  • Marble Falls, TX
11
Votes |
38
Posts

Looking for a Custodian for a self-directed IRA

Joe Schultz
  • Marble Falls, TX
Posted

Note: I use this self-directed IRA for rental property.

Thank you, Joe

  • Joe Schultz
  • Most Popular Reply

    User Stats

    569
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    552
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    Bernard Reisz
    • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
    • New York City, NY
    552
    Votes |
    569
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    Bernard Reisz
    • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
    • New York City, NY
    Replied

    @Joe Schultz While multiple account types can be used for real estate, business owners should (generally) not be using an IRA-based account. For multiple tax & financial reasons business-owners that don't have full-time employees should use a QRP-based account [e.g., Checkbook401(k)].

    Rather than get too verbose over here, I'd refer you to a podcast I did with @Taylor L., who's also provided helpful info to you in this thread.

    @Yonah Weiss Appreciate the tag - and honored.

  • Bernard Reisz
  • [email protected]
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