Coinvesting with your plan / Partnering with disqualified persons July 24, 2008
Posted by Jeff Nabers in : Self Directed IRA Solo 401k , add a commentWhat if you could combine your retirement funds with your personal funds and additional monies from other family members? Well, you can… sort of. This question was asked and answered in a Department of Labor Advisory Opinion in July of 2000.
Click that link above to read the opinion in its entirety, but here’s my summary in its most basic form:
Your plan can partner with disqualified persons in certain situations, BUT there are many possibilities for a prohibited transaction in operating the partnership.
A prohibited transaction is when a retirement plan transacts with a disqualified person. The DOL Opinion says (more…)
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