Friday’s Fraud- Self-directed IRAs: Being the Head Chef Can Be Risky

By Benjamin Stubbs, Spring 2014 Student Intern

cook

Self-directed IRAs came in fifth on NASAA’s list of most common investment frauds of 2013.  For some help conceptualizing today’s tip, think about your next meal.  First picture going to a restaurant to order from a prix fixe menu.  You can choose anything you want from the list, but the list is short and was chosen for you by the chef. Though it’s limited, the risks that the restaurant will be out of those items or that the chef won’t know how to prepare them are slim.

Continue reading