 |
HERE’S WHAT YOU SHOULD DO:
- DO create a self-directed IRA to invest in permitted alternative assets for diversity in your portfolio, opportunity for tax-deferred wealth building, risk protection and for control over your retirement destiny.
- DO have an open mind about many different types of self-directed IRA investments, such as start-up businesses, notes and tax liens.
- DO work with the most skilled, professional administrator you can find, such as Capital IRA in the handling of your self-directed IRA.
- DO maximize contributions to your IRA, Roth IRA and any other employer-related retirement plan (especially those with a matching plan) each year to which you are eligible.
- DO learn everything you can about self-directed IRAs, and ask us as many questions as you can think of.
- DO consider combining your self-directed IRA with others to maximize purchasing power and returns.
- DO understand how to leverage your self-directed IRA real estate purchase with non-recourse loans.
- DO spread the word about the unlimited possibilities for wealth building using a self-directed IRA.
- DO make sure your IRA account has an adequate cushion for asset-related expenses.
- DO take an active role in planning for your future retirement through the use of a self-directed real estate IRA with Capital IRA.
HERE’S WHAT NOT TO DO:
- DON”T purchase life insurance contracts or certain collectibles, such as coins, rugs, artwork or antiques with your IRA.
- DON’T use any asset your IRA owns personally (this also applies to certain family members and other disqualified persons).
- DON’T get involved in any transaction with your IRA that results in personal gain to you (this also includes certain family members and other disqualified persons).
- DON’T provide services to your IRA, other than minor administrative services.
- DON’T give a personal guarantee for a loan that your IRA obtains;
- DON’T do business directly with your IRA (this includes an entity in which you or certain family members and other disqualified persons own 50% or more of);
- DON’T take any income from assets owned by your IRA personally and DON’T pay any of the expenses of assets held by your IRA personally.
- DON’T take personal compensation for anything involving your IRA, such as services you provide to your IRA or transactions that your IRA participates in.
- DON’T try to get around a prohibited transaction by engaging in a transaction with your IRA and someone else’s IRA on a reciprocal type basis.
- Don’t co-invest personally with your IRA in any asset that you use as a collateral on a loan with your IRA.
|
 |