San Francisco, CA May 28, 2009— PENSCO Trust, leading self-directed IRA custodian frequently explains how to avoid prohibited transactions when investing your retirement funds into alternative assets, (e.g., real estate, business start-ups, notes and more.) One overlooked area is domestic partners-How they can invest with each other, unlike husband/wife or investing with your children. Domestic partners when it comes to self-directed IRA investing are not “disqualified persons” under the tax laws. This means that IRA dealings that would be prohibited if made with a spouse or child may not be prohibited if made with a domestic partner.
“Finding funding in this current marketplace may be challenging” says Tom Anderson, CEO of PENSCO Trust. “However, your IRA and/or 401(k) can be an untapped source of funds to invest in a startup business, fund your own business or you and your domestic partner can co-invest in land or income-producing real estate, providing it’s not for your personal use.”
Attend a free PENSCO Webinar, Wednesday June 3rd on Finding Funding in Difficult Times and Why Structured Settlement Annuities May be a Good Investment for Retirement Funds.
About PENSCO Trust Company PENSCO Trust, with offices in New Hampshire and California, and with more than $3 billion in assets under administration, for more than 19 years has enabled over 35,000 investors and professionals to take control of their retirement portfolios.
Media Contact Information:
Robyn K. Levin
R. Levin Marketing Group