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I understand why it was Sunwest trust and this week for Tuesday to video
I'm going to explain a how to do something new which we get a lot of
questions about how to buy stocks in self directed ira
a lot of people ask they won't have a self-directed IRA because they want to
have the ability to purchase things like precious metals real estate
private stock in companies but some people also want to have some money in
the stock market
so the question is how do they do that Sunwest trust is not a brokerage house
you can't do that directly through us but there are several options that you
have
and the first option is to keep an IRA open somewhere else
you're allowed to have more I more than one IRA so if you wanted to have an IRA
with Edward Jones or
chart robber someone like that you can just transfer over the portion a money
that you want to put into non-traditional assets such as real
estate
and then keep your IRA open over there I
one good thing about this is as long as you have to I raise you can transfer
money back and forth without any tax consequences
so if you have money and appease the property and you end up selling the
property you want to put that money back into the stock market
I you can just have a transfer that over to your other IRA and there's no tax
consequences
I'm it's not considered a roll over because it's just going from one IRA
custodian to another
the other option there's actually two other options
I'm if you just have an irate directly through us with a lot of brokerage
houses you can set up an IRA with the Sunwest trust as the custodian
so you just talk to them I see how they want you to set that up
you could actually have the account with them by Sunwest trust is still the
custodian ever that
account see basically just have one IRA but you would still have money in two
different places
the last we do it is if you have an IRA LLC
the LLC I'm you can you know that will give the checkbook control over the
account so you can purchase things like real estate
private stock in companies just pretty much any non traditional asset you why
and then what you can do is you can actually open up a brokerage account
at the a brokerage house have your choice in the name at the LRC
so rather than setting it up as a personal brokerage account he would be
in the name of the LRC
you use the LLC's name in tax identification number
but it would still be under the umbrella of your self directed IRA
here at Sunwest trust so hopefully that's his answers to your questions
about how to invest in the stock market through self-directed IRA
I'm if you have more questions for us guys give us call here at the office at
a hundred
642 7167 I make sure to visit our website
Sunwest trust dot com and last we post videos every Tuesday 2 o'clock so make
sure to subscribe to our channel:
thank you very much