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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationSelf Directed Roth IRAs
Marvin Meng's profile image
Marvin Meng's profile image
Marvin Meng
Pro Member
  • Investor
  • from Edwardsville, IL
  • Member since Nov 13, 2014
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Marvin Meng's profile image
Marvin Meng's profile image
Marvin Meng
Pro Member
  • Investor
  • from Edwardsville, IL
  • Member since Nov 13, 2014
Connect
Marvin Meng
Pro Member
  • Investor
  • Edwardsville, IL
54
Votes |
142
Posts
Tax, SDIRAs & Cost Segregation

Self Directed Roth IRAs

Marvin Meng
Pro Member
  • Investor
  • Edwardsville, IL
Posted Apr 8 2020, 10:03

Hi BP-ers!

Recently my REIA hosted a speaker from a firm who write self-directed IRAs. This seems like a valuable tool for investors but when I spoke to my accountant about it she said they could only be opened by individuals below a certain income threshold which I am not (for now anyway... airline pilot).

I'm curious if any of you have experience with this and if so what advice you have about opening one (assuming that's possible for me), and about shopping between companies that service them.

Thank you!

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