Robert DeForge
Have $40,000. Where would you put it for the best return??
12 March 2024 | 168 replies
No more/No Less, but they have the necessary custodial powers to allow me to use my qualified funds.
Karma Senge
Peter Harris Coaching - Disappointed
1 March 2024 | 97 replies
And on top of that (and to make a long story short) my ex-wife stole more than $800k from me when we split and we are in a nasty child custody case which costs a crap load of money.
Michael Moreno
Questions Regarding my Real Estate Strategy
26 February 2024 | 50 replies
Some people like the custodial style and some people like the speed and ease of checkbook control.
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
Go to the source directly yourself and see what the rules are:https://www.irs.gov/retirement...If you are using custodial self-directed IRA you would not be able to sign the contract, IRA custodian would have to do that.
Patrick Lombardo
Best institute for Solo 401k
20 February 2024 | 6 replies
When deciding, obviously check online reviews and also understand the difference between custodial solo 401k and checkbook solo 401k.
Eric Benz
Questionable first tenant screening - No DL, history of homelessness, drug use
20 February 2024 | 7 replies
He says he'll be living in the house alone, but his kid may join him at some point during the lease (he's trying to regain custody).
Karin Cornils
rent collection challenge around self-managed SDIRA owned property
14 February 2024 | 6 replies
Then there's the remaining assets in each of our custodial accounts - looks like we'd also be paying annual fees to both that custodian and the new LLC custodian..
Tina Wang
low cost SDIRA (self directed IRA) company recommendation
8 February 2024 | 10 replies
Have you considered a checkbook IRA instead of custodial?
Marlene Azada
Recommendations for Self Directed IRA Companies
2 February 2024 | 6 replies
You'll also have custodial fees with them.
Waylon Gates
New member from Lake Havasu City, Arizona
4 October 2016 | 17 replies
@Waylon GatesThere are many reasons the Solo 401k is the preferred structure.Contributions limits are roughly 10x higher, there is no custodial requirement for the 401k, you can take participant loans, you don't need the additional expense and administration of an LLC to have checkbook control, there is a built in-Roth component, a spouse can participate, there are additional tax benefits, there is generally greater privacy, and the plans are often quicker to setup and cost less money over time especially compared to most IRA LLCs.