Rules for Self Directed IRA: Can I Self Directed a Roth, SEP, SIMPLE, Self Employed 401k or HSA?

Terry White, CEO of Sunwest Trust, reviews questions and tips from the previous three videos about self-directing your IRA. https://www.youtube.com/watch?v=sHIKpwSP8VQ https://www.youtube.com/watch?v=XH3wbis-MYs https://www.youtube.com/watch?v=0osCov3L57A Can I self direct my current IRA at a brokerage firm? Yes, you can move all or a portion to Sunwest Trust; the IRS allows you to have as many IRAs as you'd like. Terry recommends diversifying your IRA in this way, by keeping a portion of your IRA with your previous brokerage firm in the form of mutual funds, and one or more IRAs with Sunwest Trust in a self directed IRA. Can I self direct my Roth, Simple, or SEP IRA? Yes; a Roth uses after-tax dollars for an IRA, which means it can be tax-free. Terry will expand on Roth IRAs in a future video, so make sure to subscribe to our YouTube channel for more info! A SEP and a Simple IRA is usually involved with business, and may be offered by your company. You can invest in those with anything that is allowed by the IRS. Can I self direct my health savings account or my 401k for self-employed business? Yes; Sunwest Trust does not handle health savings accounts for various reasons, but there are other companies similar to Sunwest Trust that may be able to help direct your health savings account. Self-employed people with no other employees can get a "solo" or "individual 401k", which can be self directed. You can even be your own trustee of an i401k, which means you may control your 401k simply and easily. Want to gain more control over your IRA accounts? Contact call at 1-800-642-7167. For more information, visit http://www.sunwesttrust.com - or subscribe to our YouTube channel for over 120 YouTube videos!

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