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Investor Insights Blog

Helping Veterans – and a Friend – with a Creative IRA Investment

May 14, 2020
If I wasn’t able to step in and use my self-directed IRA funds as the initial financing for the house, the whole thing could have fallen through.
Roger, Equity Trust Client

“If they had to go to a hard money lender, those terms are pretty onerous and may have been around 15 to 20 percent,” recalls Roger.

Roger was able to help a friend, his retirement, and facilitate a project with a palpable impact in the local community and the lives of American vets.

Thanks to his investment, a friend’s lifelong dream was fulfilled and at least 10 veterans are receiving guidance and support as they transition back to civilian life. The ROI of Roger’s investment goes beyond dollars and cents; it has changed lives.

You must instruct Equity Trust where to send the funds from your account. You can do this online through myEQUITY’s Bill Pay system, or you can submit a form with the instructions. Typically, funding to purchase real estate is sent to a title company, attorney or escrow agent.

To set up a self-directed retirement account with Equity Trust visit myEQUITY and start the process today. You can also visit How to Get Started for more information. Or simply schedule a free, one-on-one consultation with an Equity Trust Senior Account Executive.

With a self-directed IRA, your investments are up to you, within the bounds of the IRS rules and guidelines. The IRS does note provide guidance on what investment types are permitted, but dictates only what is NOT permitted. Examples of prohibited IRA investments include collectible (such as artwork, stamps, rugs, antiques and gems), certain coins and life insurance. See IRA Publication 590 for more information about prohibited investments.

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