Unravel Self Directed Roth
Prospect has a self directed Roth whose only holding is an LLC they established. An account owned by the LLC only holds stocks and mutual funds at this time (no real estate). Is there any way to get the funds/securities out of the Self Directed Roth to a standard Roth IRA?
Permalink Submitted by Alan - IRA critic on Thu, 2017-02-16 20:28
Prospect should discuss with the SD IRA custodian to determine the best way to accomplish this, such as transferring the investments out of the LLC and then transferring them out to the new custodian. The IRA contract would have to permit holding these investments outside the LLC, but it seems like the same requirement would apply if prospect just dissolved the LLC. Will be interesting to see how helpful the current custodian will be in advising the prospect the most effficient way to do this when they are about to lose the business.