Proposed new fiducuiary rule will have no immediate effect on self directed IRAs and 401ks but . . .
The proposed new “fiduciary rules” being advanced by the U.S. Department of Labor (the U.S. government agency that oversees retirement plans) will have no immediate effect on the ability of investors to choose self directed IRAs and 401Ks as an investment option. However, the long term effect remains to be seen.
Solo-ks, i.e., individual 401(k) plans are being heavily marketed by the self-directed IRA / Solo-k industry as a way to buy investment real estate with pre-tax and tax deferred dollars (traditional IRAs and 401(k)) or to get tax free growth (roth). While not banned by law, most company 401(k) plans prohibit real estate investments. However, […]
If you’re reading this, you’ve most likely heard that IRA’s can invest in real estate, if held by that by the proper custodian, and that “certain” 401(k)s also can invest in real estate even without a custodian. However, most of the literature out there would lead you to believe that only special 401(k)s can invest […]