[old and tired]

And this self-directed IRA should be invested in an investment LLC that invests in hard assets.

I've been thinking of doing this. I've been thinking of buying two rental properties outright with the cash I've got in an old 401k and IRA. How difficult is it to do? Would it get the attention of the IRS? I really don't want to go through another audit.

[MrB]

I’m in the middle of investigating it. I’d say I’m about 2/3 of the way to pulling the trigger.
As for the IRS, this, if done right, is absolutely legal, but they obviously don’t want you to do it, so they’ll never tell you that it’s OK if you ask them, but they won’t tell you you can’t, either.

Read the Rob Gray article:
http://www.opencurrency.com/ira_misconceptions/

Listen to the interview with Rob Gray here:
http://www.thesurvivalpodcast.com/gray-on-holding-silver-in-self-directed-iras

Google “checkbook IRA” and read the articles.

And I’ll “short circuit” you on my research, giving you a head start - I’m going to use “iraservices.com” as my custodian. They have the requirements on their website.