EP 28 - Unraveling the Mystery of Proposed Tax Policy Changes Affecting Self-Directed IRAs & 401(k)s

Self-Directed Traditional IRAs have existed since 1974 when the Employee Retirement Income Security Acts of 1974 (“ERISA”) was enacted. Self-Directed Roth IRAs came later in 1997 when Senator William Roth introduced legislation to create the Roth IRA as part of the Taxpayer Relief Act of 1997. Retirement account investors have been able to use their Self-Directed IRAs and Individual 401(k) Plans to invest in non-traditional assets, often called “alternative investments,” including various regulated investment options that require the investor to be an “accredited investor.” The “Build Back Better Act” has been advanced by the House Committee on Ways & Means, which will prevent retirement account investors from investing in these regulated non-traditional assets and require those who have already invested in these assets to divest themselves of these assets within two (2) years if the investments require the retirement account investor to be accredited, licensed, etc.

Email your Self-Directed IRA and Individual 401(k) Plan questions to [email protected] and we’ll address them in our next episode.

Host:
William L. Exeter
Chief Executive Officer
Exeter Trust Company
(307) 222-8750
[email protected]

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