Warren L. Baker interviewed for Kiplinger’s Retirement Report article

Just a quick post to let our blog readers know about a new article that was recently published in the December 2011 edition of Kiplinger’s Retirement Report (subscribed to by nearly 90,000 retirees and preretirees) entitled, “Avoid the Pitfalls of Self-Directed IRAs”.  The Editor of the publication, Susan B. Garland, interviewed me (Warren L. Baker) as an attorney resource for the article.  The article describes the rapid growth in this area of investing (for example, one well-known custodian, Pensco Trust Co., has seen their assets under management increase from $1.6 billion to $3.6 billion in the last five years alone) but also describes some of the dangers.  As I have discussed in other posts on this blog, there are definitely signficant legal and tax issues that all self-directed IRA (or IRA-owned LLC) investors should consider before moving forward with one of these structures.