As I’ve mentioned here on the blog before, I consider self-directed IRAs to be a minefield. Michael Kitces recently provided a thorough walkthrough of the various ways in which a self-directed IRA owner can run afoul of the prohibited transaction rules.
- Prohibited Transaction Rules That Can Disqualify A Self-Directed IRA from Michael Kitces
Other Recommended Reading
- How to Avoid a Retirement Disaster from Barry Ritholtz
- IRS Gives Taxpayers Relief from Erroneous HSA Contributions from Sally Schreiber
- 17 Ways to Screw Up a Backdoor Roth IRA from Jim Dahle
- My 2017 Retirement Income Taxes from Darrow Kirkpatrick
- Side Hustle Ratings from $ideHusl
- Proactive Section 199A Deduction Strategies for Small Business Owners from Jeffrey Levine
- 401(k) Lawsuits Are Surging. Here’s What It Means for You from Alicia Munnell
- Complexity Not Helping Bond Funds from Larry Swedroe
Thanks for reading!
What is the Best Age to Claim Social Security?
Read the answers to this question and several other Social Security questions in my latest book:
|Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less|
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