IMPORTANT: Prohibited Transactions in CONVENTIONAL IRA's | SDITalk #291
You usually think of prohibited transactions as being a risk that’s almost entirely unique to self-directed IRA’s and 401(k)’s… you usually think conventional IRA’s are largely impervious to this horrible risk that can slash half or more of the value of your account in a single instant. You’d be wrong. Today you learn about a policy being implemented by financial behemoths Merrill Lynch, Wells Fargo and others that, I’m confident, will result in awful prohibited transaction penalties within CONVENTIONAL IRA’s… all because of what can only be described as aggressive GREED in the financial industry. I’m Bryan Ellis. This is episode #291 of Self-Directed Investor Talk.
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