The "A" in IRA stands for "arrangement". As such, IRA holders can yield considerable tax benefits from their self-directed retirement plans, but they must follow IRS rules and regulations in the process. As long as you and your account remain compliant with the Internal Revenue Code, your self-directed IRA can grow unabated.
IRA custodians like New Direction Trust Company exist to help prevent the execution of prohibited transactions. However, with the flexibility of self-direction comes responsibility on the part of account holders. Please help us ensure that your IRA and its self-directed investments maintain IRS compliance. Prohibited transactions may result in the distribution of the applicable assets or the entire account. Any inherent taxes or early distribution penalties will be assessed accordingly.
Disqualified persons and entities include:
Disqualified persons or entities may not: