PFP2617. Self Directed IRAs

Our clients want to hold certain investments that the traditional IRA trustee will not hold. This can include digital assets, such as cryptocurrency or nonfungible tokens (NFTs), real estate, or closely held businesses.

What are the requirements for a self-directed IRA (SDIRA)? In this session, participants will identify the assets that can and cannot be held in the SDIRA. Additionally, this session will review tax benefits and common pitfalls of SDIRAs, pros and cons of owning a business or real estate in an SDIRA, and a real-life case study of a movie star who had an SDIRA.

Learning Objectives:

• Identify requirements for self-directed IRAs (SDIRAs).
• Identify assets that can be owned by an SDIRA.
• Determine the tax benefits of SDIRAs.
• Analyze common pitfalls of SDIRAs.