Newman Asset Management Blog

I am interested in opening up a self-directed IRA. Definition here http://en.wikipedia.org/wiki/Self-Directed_IRA

In particular, I am very interested in using my self-directed IRA for private placements. Definition here: http://en.wikipedia.org/wiki/Private_placement

What I would like to know is if there is a good online comparison of the fees various self-directed IRAs charge. I would basically like a "Consumer-reports" type article talking about self-directed IRAs. I don’t want an article introducing the concept of self-directed IRAs – I have found dozens of those. I WANT TABLES AND CHARTS COMPARING THE FEES CHARGED BY SELF-DIRECTED IRAs (INCLUDING THE FEES FOR AROUND A PRIVATE PLACEMENT).

Yes the IRS will count the cashed cds as income. But will a bank allow a self directed ira to cash cds whenever without bank penalties?
Good News!!

My bank said they can set 2 “Self Directed IRAS” up for me and I can cash cds from the CD only IRA into the other IRA which will be a Money Market IRA that i can draw from freely! CDS can be cashed freely anytime in the one and the money transferred all without fees or penalties! Of course any cash taken out of the Money Market iRA will be subject to income taxes. SO it is going to work without having any normal cd penalties

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