Investing within my self directed IRA?
I fully control the funds in the IRA myself.
However, I am unsure of exactly how I would purchase the shares so they the money and the shares stayed inside of the IRA. Would I have to set up a brokerage account in the name of the IRA or can I use a brokerage account under my name.
I am 63 and can withdraw without penalty but it will be several years before I will actually need any of the funds.
Any advice so that I can stay within both the letter and the spirit of the law would be appreciated. I just want to do better than the 0.Nothing% that the bank pays in interest. The 5% the more reliable REITs pay looks pretty good.
For example, do the share purchases need to be in the name of my IRA`s LLC or can I buy them in my name and just declare they are part of my IRA.
Who holds the REIT shares. Can my LLC hold them or does my custodian have to.
This sort of thing. I need the nitty gritty mechanics here.
The link given does not go into that sort of deal.