Beneficiary insuring Self Directed IRA against loss
Is the beneficiary of a self directed IRA allowed to insure that IRA against loss incured due to fraud?
Is the beneficiary of a self directed IRA allowed to insure that IRA against loss incured due to fraud?
Permalink Submitted by Alan Spross on Tue, 2011-04-19 17:25
If the SIPC does not cover this due to the type of asset, I am not aware of any private sector insurance markets that would. If you could find one, it should not matter whether you owned the IRA or held it as a beneficiary.
Check here what the SIPC covers and what it does not:
http://www.sipc.org/how/covers.cfm
If you are using one of the large self directed IRA custodians, they may be able to respond better to your question.