Hello! I’m so grateful for this community. I am starting the GV process and one of the first steps I’m undertaking is finding the right SDIRA custodian in order to make use of the IRA option for the Optimize fund. I’ve searched through some of the threads here but can’t find an answer to whether establishing a trust is necessary for the SDIRA investing in the Optimize fund. Is anyone currently going through this process and willing to share their experience? Do you happen to have a custodian you appreciate working with? Since the IRA option would save us a significant amount in taxes, it’s a necessary part of this, but I just want to understand why I’m being told a trust is also required when an LLC is not and they’d be serving the same function. Thanks!
A lot of this has been discussed here:
Thanks so much for this! I read through that post twice before posting here, and now I’ve read it a 3rd time, and it does discuss quite a lot, but not the most substantive question I’ve posed here. Is a trust account specifically required for SDIRA investing?
Ok, but you may want to consider posting in that thread. The people who are following that issue, and have elected to be notified, will receive an email with your question.
That’s a great point! I’m new here and didn’t want to hijack a conversation, but will ask it there on this suggestion. Thank you for following up, sincerely!
I am finally finishing moving my money around. I would be happy to walk you through it if you still need help. It’s simple but can take a long time if you’re anything like I am and have to move money from several places.
Thank you for this! I ended up connecting with equity trust and it should be relatively straightforward to get it done with them! They don’t require opening a trust account right now!