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Started By
Message
IRA Conversion to private investment
Posted on 5/2/16 at 7:37 am
Posted on 5/2/16 at 7:37 am
Is it possible to take IRA and invest in a private company without paying tax penalties. Basically a private equity.
I would like to leave the money in the IRA but have the IRA own my shares in a certain private company.
I would like to leave the money in the IRA but have the IRA own my shares in a certain private company.
4
Posted on 5/2/16 at 7:53 am to new roads
Possibly. Look into self directed IRAs
This post was edited on 5/2/16 at 7:54 am
Posted on 5/2/16 at 7:58 am to new roads
Yes.
Posted on 5/2/16 at 10:25 am to new roads
Yes, there are only a few companies who can do it though.
Posted on 5/2/16 at 12:41 pm to new roads
Look up Pensco Trust company. They're a trustee that will hold alternative investments.
This kind of setup is how rich guys like Mitt Romney and tech investors have $100 million+ IRAs, because they own assets of the companies they run in their own IRAs.
This kind of setup is how rich guys like Mitt Romney and tech investors have $100 million+ IRAs, because they own assets of the companies they run in their own IRAs.
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