Looking for Input from Freepers on Retirement Accounts

Self | April 25, 2017 | Alberta's Child

[Alberta's Child]

Sorry for the vanity, but I'm dealing with a financial situation that is apparently a very unusual one and isn't easily addressed through traditional means.

Long story short ...

I'm looking into some options for opening a self-directed IRA (which is different from a self-managed IRA). The tax rules about these accounts are complicated, but I've determined that I can navigate them with minimal outside help.

The issue I'm facing is that the IRS requires a third-party custodian to be involved in the process to file the necessary paperwork and annual tax forms. For the life of me, I cannot find a single financial services firm among the ones I've used over the years who has ever done this sort of thing. Every financial advisor I've contacted would love to sign me up for a traditional IRA, but nobody has been willing or able to help with a self-directed IRA.

I have found several resources online with links to various companies that do this sort of thing, but I don't recognize any of them and I'm reluctant to engage someone I don't know without any recommendations from people I know in the industry.

Has anyone here ever opened a self-directed IRA? Who did you use as a third-party custodian?

[abb]

Pertinent stuff

https://www.sec.gov/investor/alerts/sdira.pdf
Investor Alert: Self-Directed IRAs and the Risk of Fraud

http://www.foxbusiness.com/features/2014/01/31/interested-in-self-directed-ira-better-know-your-stuff.html
Interested in a Self-Directed IRA? You Better Know Your Stuff

http://www.kiplinger.com/article/retirement/T032-C000-S001-avoid-the-pitfalls-of-self-directed-iras.html
Avoid the Pitfalls of Self-Directed IRAs

[Safetgiver]

Do you have a hangover or something?

[Neidermeyer]

http://www.nuviewira.com/ <=== They’re real good but you need some buckaroos...