Hi there...just got very excited about Self Directed IRA's for Real Estate and other investment purchases. RIGHT you heard that---money to purchase real estate with IRA funds and the profits go back into the IRA as return on your investment and IRA rules apply you don't pay tax until you take out the IRA money in retirement. Same other rules apply, penalities if you withdraw early and NO tax if you put your ROTH IRA's there...
I have had a PENSCO account for years meaning to do something about it as our 401K and IRA's perform so horribly compared to our real estate investments long term. And, as we are in California the last 5 years have been phenomenal. However, here we are with a settling market in California so that is looking attractive, and our PENSCO account reactivated. Tell me about your area for investing, are you on the verge of taking off, any areas of redevelopment that should be good for investing in the next 5 years or so? For the free booklet "50 Questions about Self-Directed IRA's"...go to the PENSCOTRUST.COM and to the right is a free booklet. Lots of good information to tell you if this is right for you. Just a resource, there are about 4 good companies that do this nationwide. The older, established companies, PENSCO...being one of them, are recommended as there is a lot to know about this. Happy Investing. Terrylynn:-)