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Having shares of a private company is still possible with retirement accounts. It is a bit more work. You can roll an ira to an self-directed ira and invest in
by tehlike 8y ago
Having shares of a private company is still possible with retirement accounts. It is a bit more work. You can roll an ira to an self-directed ira and invest in all sorts of financial instruments including real estate.
- hndl 8y agoCan you share some resources here (e.g., services you've used)?
- gibybo 8y agoEDIT: Oops I misunderstood tehlike and had a comment about 401k -> IRA rollovers here which wasn't actually relevant.
- iakh 8y agoSelf directed IRAs are fairly specialized and are not offered by most brokerages. They also generally cost several hundred in annual fees just to maintain the account, regardless of usage.
- notyourwork 8y agoThat’s not true at all, fidelity is self managed and free aside from selling or stock. I’ve managed my own Roth and traditional Ira for years this way.
- iakh 8y agoSorry, but I don't believe that's accurate[1]. Being able to manage your own Roth and Traditional IRAs does not a "self-directed IRA" make. [1] https://www.quora.com/What-is-a-Fidelity-self-directed-IRA https://www.quora.com/What-is-a-Fidelity-self-directed-IRA
- notyourwork 8y agoPerhaps I misunderstood, I would interpret self directed as an account I determine the direction of my investments. Thanks for clarifying.
- gibybo 8y agoSorry, you're right, I misunderstood.
- tehlike 8y agoSomeone referred me to equity trust. I am still looking around what to do with my ira - I am currently comfortable with stocks in vanguard, but once it grows to be sizable, RE won't be out of possibilities.
- syedkarim 8y agoMaverick401k simplifies the process of setting up a Solo 401k. http://learn.maverick401k.com/investing/private-business-investing-with-401k http://learn.maverick401k.com/investing/private-business-inv...