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While most IRA custodians
restrict your investment options, PENSCO Trust Company allows you to take
advantage of the full range of IRS-permitted assets. Listed below are
just some of the special asset types that PENSCO's self-directed IRAs
can accommodate:
PENSCO Trust gives clients the valuable opportunity to self-direct
the investments within their retirement accounts. Because PENSCO
Trust, as a regulated bank and "passive" custodian, does
not provide investment advice or sell investment products, clients
are freed from the usual limitations of "standard" IRA
custodians – i.e., broker/dealers or traditional banks. It
is only because these product-driven custodians have dominated the
IRA industry that the public is unaware of the true retirement options.
It is a common misconception that these non-stock market investments
such as real estate have just recently been allowed, and industry
professionals constantly ask us when these "new laws"
came about. However, the IRS code concerning acceptable types of
IRA assets has remained unchanged since IRAs were created in 1974.
PENSCO Trust exists to facilitate your investment transactions
and thereby assist you in realizing your retirement goals. We have
specialized in real estate and private placement transactions within
IRAs for our entire 18+ year history, and pride ourselves on the
efficiency, knowledge and expertise we have acquired over time.
Our experience has resulted in the tremendous flexibility that we
are able to provide our clients, and we hope that you take full
advantage of the education we provide in order to seek out the investment
opportunities that make the most sense for you.
Of course, with this increased freedom and ability to take control
comes a greater degree of responsibility. Investors who choose to
"self-direct" their accounts have educated themselves
enough to feel comfortable that there are many more ways to maximize
the long term gains in their IRAs than just through CDs, mutual
funds, or publicly traded stocks and bonds.
PENSCO permits clients to invest in virtually all IRS-permitted
investment types. Because the law governing the types of investments
permitted within IRAs is exclusive rather than inclusive, there
is a specific list of investments that are prohibited (See IRS
Publication 590 for additional details). These are:
- Collectibles (e.g. art, antiques, jewelry etc.)
- Life insurance
- Coins (other than U.S. gold coins)
Real Estate Investments
 Purchase
of Property (Any Type)
Secured
Loans (Trust Deeds / Mortgage Notes)
Tax
Lien Certificates
Private Placements
Limited
Liability Companies (LLCs)
Limited
Partnerships (LPs)
C-Corp
S-Corp
(Certain Banks Only)
Unsecured
Loans
Public Assets
Stocks/Bonds
Mutual Funds
Certificates of Deposit (CDs)
There are many other types of investments that can be made within
IRAs. Some of these include unit trusts and secured contracts, to
name a few. If you have a question regarding the acceptance of a
specific investment you have in mind, please contact
us. While we cannot advise you concerning the merit or particular
structuring of a specific investment, we’ll do our best to
answer any questions about whether or not PENSCO Trust will be able
to transact it for you. In addition, we are always happy to assist
you in finding an attorney or other professional that can offer
advice.
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