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Subject Self-Directed IRA- experienced in this?

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[quote:milehighmike:MV8yMDYxMjM0XzM0NjgwMzg1XzQyODI5OERB]
[quote:Anonymous Coward 27999563:MV8yMDYxMjM0XzM0Njc2NzQyX0QwNjEyMkE0]
I have used a self-directed IRA management compnay for many years....  Equity Trust in Ohio.

I was very happy with htem until I moved and for some reason did not get paperwork to pay my annual fee.  Due tp non-payment of my annual fee they told the IRS that my stock was distrubuted (which was not) and I now have a very large tax penalty to deal with...  as I did not know they filed this wiht the IRTS and therefore did not know I had to roll paperwork into another management account in 60 days... triggering taxes and penalties etc.

Equity Trust Customer service has not served me well for this error.

Therefore I would not recommend Equity Trust to anyone.

FYI There are other self-directed IRA managment companies out there.

Plus I believe that a tax attorney could create an IRA LLC for you to manage this type of land purchase....   but am not really sure so check it out with a local tax attorney.
[/quote]

[b]I rolled-over a large 401K to them a couple of years ago and DIDN'T experience any problems FWIW....[/b]
[/quote]

Original Message Who can tell me what/how? I have an IRA and a 401K and even though I cashed out the stocks, the investment company put the money into a government money market fund.

There's a little chunk of land near me that's going to be auctioned soon. I'm thinking I'd rather have land than cash. Not to mention physical gold/silver.

I have to leave soon, so it will be difficult for me to respond, but I'm sure I 'm not the only one who needs this info. My elderly MIL broke her hip day before Thanksgiving and I must attend to family matters.

All help will be appreciated. I'll check in as best I can, but I want to do this soon!

Anyone want to recommend a company worthy of rolling into?

Thank you to all!!!

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