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Ready to Invest in Alternatives? Here's What You'll Need

Pre-investment checklists by asset type

When it’s time to purchase an asset in your account, we’re here to guide you through the process, simply click on your asset type below:

We want to make sure you avoid unintended tax consequences by making you aware of some important things:

  • The purchase should not constitute a “prohibited transaction.”
    Be sure to familiarize yourself with the IRS rules regarding disqualified persons and prohibited transactions. The PENSCO Opportunity Analyzer® can also help, or you can call one of our PENSCO IRA Specialists, who has expertise with alternative assets in IRAs, with any questions.
     
  • All expenses associated with the investment must come from cash in your IRA.
    To ensure you always have funds available for planned and unplanned expenses, you’ll be asked to keep a credit card or ACH on file.
     
  • The investment is made by the IRA - not you.
    All documents should reflect the title or owner as “PENSCO Trust Company Custodian FBO [Your Name] [Type of Account]”

These rules are in place to ensure your investments maintain their tax-advantaged status. Depending on the type of investment you’re purchasing, there may be additional considerations, which vary. To help you learn more, we've developed the above comprehensive pre-investment checklists to get your investment started on the right track.