IRA Financial Blog
One should consider the IRS prohibited transaction rules, the UBTI tax rules, and how best to structure the investment.
It’s imperative that a Self-Directed IRA investor understand the plan asset rules and not engage in a prohibited transaction which may disqualify your IRA
SECURE Act 2.0 includes a provision to help mitigate prohibited transaction penalties occurring in a Self-Directed IRA.
SECURE Act 2.0 provisions related to Self-Directed IRAs will help you better save for retirement and mitigate penalties on a mistake that is made.
An important and wide range of retirement-related provisions known as “Secure 2.0” has been included as part of the 4000 page, $1.7 trillion spending bill that would fund the federal government for 2023.
The hardship distribution rules allow for penalty-free access of IRA funds before reaching the age of 59 1/2, though taxes would still be due.
Funding a Self-Directed IRA – Pay attention to the IRA Rollover Rules when deciding to fund your SDIRA with other retirement money.