AP retirement account

[zengrifter]

I don't know a lot about IRA's and other retirement plans. I do know that self-directed IRAs can be structured to provide cash for "investments". It would involve setting up a LP AT ARM'S LENGTH and then utilizing the services of an IRA 'custodian' like this one - (Dead link: http://www.mtrustcompany.com/Services/ira/default.asp)

 

[EasyRhino]

One possible problem I saw when googling self-directed IRAs is that they prohibit both self-dealing and sweat equity. For instance, let's say you use the IRA to buy a house. If you live in the house, that's self-dealing. If you do renovations yourself, that's sweat equity.

So I think using a self-directed IRA to invest in a partnership in which you were a member would be bad. Maybe investing in another team might work though.

Mind you, this is just from google, I don't actually know anything about this either.

 

[zengrifter]

One possible problem I saw when googling self-directed IRAs is that they prohibit both self-dealing and sweat equity. For instance, let's say you use the IRA to buy a house. If you live in the house, that's self-dealing. If you do renovations yourself, that's sweat equity.

So I think using a self-directed IRA to invest in a partnership in which you were a member would be bad. Maybe investing in another team might work though.

Figure out how you would actively trade on your IRS - if you can trade, you can play. zg