Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 06-24-2017, 09:29 PM   #21
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 4,661
Thanks for this article. It seems that most of the potential pitfalls relate to holding rental property in an IRA. However, I will check into the RMD issue at some point. I'm 14+ years away from RMD's at this point but since I have 100% of my IRA money in unconventional assets, it's worth checking into with my CPA down the road. In the meantime, my IRA is the ideal vehicle to use for my "unconventional" investments. If they were held in a taxable account, the income would taxed as ordinary income rather than being deferred and reinvested.
Scuba is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-25-2017, 07:32 AM   #22
gone traveling
 
Join Date: Dec 2016
Posts: 733
I hold a limited partnership in a non traditional IRA. Besides the investment being a stinker, there is significant annual compliance costs, like $500 bucks or so a year. I also started a company using my 401K, opting to use the Retirement Owned Business "rob" program. The compliance and ongoing cost again are very high. In addition to the difficulty setting these up, I'm finding they are challenging to unwind, as I'm 6 months into trying to shut down the ROB.

In my opinion, the speed, flexibility and ability to leverage, out weigh the potential tax free earnings of having it in an IRA.
Luck_Club is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Early IRA withdrawals and Self Directed IRA's mdebluz FIRE and Money 6 04-03-2010 03:20 AM
Self Directed IRA Freddie FIRE and Money 17 04-19-2008 12:24 PM
self-directed IRA for real estate vic FIRE and Money 0 04-24-2005 05:01 PM
Self Directed IRA Suggestions moguls FIRE and Money 12 02-24-2004 02:00 PM
Real Estate in a self-directed IRA???? ryalmokas FIRE and Money 2 02-23-2004 09:29 AM

» Quick Links

 
All times are GMT -6. The time now is 07:50 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.