PFP2617. Self Directed IRAs

Our clients want to hold certain investments that your 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)? We will identify the assets that can be held in the SDIRA and assets that cannot be held in an SDIRA. We will review the tax benefits and common pitfalls of SDIRAs. What are the pros and cons of owning a business or real estate in an SDIRA? We will learn from a real-life case study of a movie star who had an SDIRA.