Originally Posted by dallas27
We all know romney self directed roth money to private investments and made a buck or two. What does it take to do that?
I have a private startup im into, i own 2 1/2 percent. I'd rather own that share inside my roth. Negligible cash value, but we are planning a exit in a few years if things go right.
I'd like to "pull a Romney", not sure where to start.
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Schwab offers an alternative investment service typical charge is around $250 setup fee and the annual fee of about the same.
A firm that specializes in this is Alternative Investment Custodial Services with Equity Institutional
I've talked to them several times over the years (but ended up sticking with Schwab). Fees are the same or lower than Schwab, I think they are pretty good.
All of these firms require the company provide an annual estimate of the fair market value of the shares, so you'll need to get the CEO/CFOs cooperation before moving the shares to an IRA. I say this because having my startup fund investment in my IRA has been a source of conflict between the fund manager and myself.