Trading from Self Directed IRA

D

drobin

Hey any one trading from a self-directed IRA through PENSCO.
Trying to find out if this approach would prove beneficial towards trading. Thanks. :confused:
 
Hello there,

You can trade futures through your IRA account. However, most of them only allow you to trade with a certain percentage of your IRA account.
 
Quote from drobin:

Hey any one trading from a self-directed IRA through PENSCO.
Trying to find out if this approach would prove beneficial towards trading. Thanks. :confused:
More...

I looked into this earlier in the year with PENSCO and they were not allowing futures trading through their self-directed IRAs at that time... their focus is marketing SD IRAs for investing in property and businesses. When I pressed their compliance officer for an alternative I was directed to Millennium Trust. As it happens I never moved forward with it, but hopefully this will give you a head start.

http://www.mtrustcompany.com/ira.html
 
Yes, txuk is right, Millennium Trust is a good IRA company to go with. Last time I checked, they allow you to trade with all but $500. There's also Lincoln Trust, Entrust, and North Star Trust to name a few other alternatives.
 
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