Self Directed IRAs Provide Overlooked Opportunities for Domestic Partners

PENSCO Trust Company explains that 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. 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.

San Francisco, CA (PRWEB) May 28, 2009 -- PENSCO Trust, leading self-directed IRA custodian frequently explains how to avoid prohibited transactions when investing 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 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."

Finding funding in this current marketplace may be challenging

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.

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
415-690-9990

###

Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/VGhpci1Mb3ZlLVByb2YtWmV0YS1IYWxmLUNvdXAtWmVybw==

self-directed ira retirement investing options domestic partner ira real estate ira pensco pensco trust

Bookmark -  Del.icio.us | Furl It | Technorati | Ask | MyWeb | Propeller | Live Bookmarks | Newsvine | TailRank | Reddit | Slashdot | Digg | Stumbleupon | Google Bookmarks | Sphere | Blink It | Spurl

• Invest in Foreclosure Real Estate with Your IRA/401k: Free Webinar, 6/25 2009-06-24
• Self-Directed IRA Investors Replace Traditional Bank Loans for Real Estate & Business Capital 2009-02-19
• PENSCO Trust Ranks in Top 100 Fastest-Growing Financial Services Companies in America by Inc. 5,000 2008-09-09
• PENSCO Trust Helps Investors & Builders Get Funded Despite a Mortgage Meltdown 2008-07-10
• Why Limit Your IRA or Pension Plan to Stocks, Bonds and Mutual Funds? 2008-03-18