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Updated about 11 years ago on . presented by

User Stats

36
Posts
8
Votes
Edwin Cruz
  • Escrow Officer
  • Chicago, IL
8
Votes |
36
Posts

Self-directed IRA risk when litigation is involved

Edwin Cruz
  • Escrow Officer
  • Chicago, IL
Posted

I need comments because after searching I was unable to find any information regarding a specific self-directed IRA question.

I'm planning on using my self-directed IRA to do a flip and fix. So if something goes horribly wrong (litigation) are both (or all) my regular IRA and my self- directed IRA liable? How should I structure the deal? Normally, any and all retirement accounts are except from litigation if an individual gets sued, so all of my IRA/pension funds are protected.

For all of you with this knowledge: please comment and don’t hesitate; I’m not asking for legal advice or opinion just general information.