Newman Asset Management Blog

Can I do this without a custodian and how?

www.SunwestTrust.com, 800-642-7167, Self Directed IRA Custodian, Self Directed Real Estate IRA allows you truly diversify your retirement account into more than just the traditional Wall Street investments or bank CDs. Learn more and contact Sunwest Trust, Inc. to set up an account today. We look forward to hearing from you.

I wish to open a self-directed IRA that owns an LLC that I control to invest in trust deeds and other non-conventional notes.

I know that I’ll have to set up a self-directed IRA through a custodian like Sterling Trust, Pensco or Trust Adminstration.

Question: I have a California LLC that is in my name. Can I update the operating agreement and then open the self-directed IRA that purchases the LLC? Or since the current LLC is in my name does it not "qualify" and I have to start a new LLC properly under the IRA’s name???

Any advice would be appreciated.

Here is a decent explanation, by the Nabers Group, of a type of self directed 401(k) offered in the market, which is very similar to the self directed 401(k) product offered by Newman Asset Management. This is a retirement account that is legally able to invest in gold, real estate, private companies, mortgages, llcs, and virtually anything else. This part explains investment options for the Self Directed IRA & Self Directed Solo 401k. For more details, click here to contact us.

Here is a video from Sunwest Trust , 800-642-7167,  a Self Directed IRA Custodian we have worked with from time to time. Contact us to see if they may be an option for you.

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