Newman Asset Management, LLC

I am looking to perform a rollover or transfer from my 401k into a self-directed IRA. I was wondering what, if any, tax implications I would be facing. Additionally, once that money hits the IRA I am looking to use those funds to start up a general contracting business building residential properties. Once again, I’d like to avoid tax penalties if possible, and I was curious to know whether or not taking the money from the IRA to use for my business would be considered a taxable event, or whether these transactions are tax-deferred or tax free. I’d appreciate thorough responses only please. Thank you!

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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