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The End of Self Directed IRA's Could Be At Hand if the DOL Gets It's Way

Sadly, the DOL is in the final stages of forcing insurance agents out of the IRA business for the most part. But they aren't the only ones worried about Government intervention over "Fiduciary" rules that also threaten those of us that offer self directed IRA accounts funded by investment grade real estate. It may be wise to get your self directed IRA account set up now before the law changes. Some feel it is imminent and will change sometime in 2016 (effective date of change). Most programs in my 40 years of financial consulting experience are grandfathered.

 

 http://www.natlawreview.com/article/us-department-labor-s-new-proposed-rules-defining-fiduciary-investment-advice

 

Published Wednesday, July 22, 2015 4:13 PM by MD Anderson

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