Mastering Liquidation Rules in Self-Directed IRAs
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Questions and Answers

Who is responsible for making liquidations in a SDIRA?

  • The customer (correct)
  • The investment manager
  • The financial advisor
  • The custodial representative

    • What happens if the funds in a SDIRA are not in a cash position?

  • The funds cannot be transferred
  • They are automatically transferred to a non-cash asset
  • They are moved into cash by the custodial representative
  • The customer is instructed to transfer the funds (correct)

    • Are non-cash assets transferable in a SDIRA?

  • Only if they are converted to cash
  • No, they cannot be transferred (correct)
  • Yes, they can be transferred
  • Only with the approval of the custodial representative

    • Which type of advice are you NOT licensed to give?

    <p>Investment advice</p> Signup and view all the answers

    Who is responsible for making liquidations in a SDIRA?

    <p>The customer</p> Signup and view all the answers

    When should you redirect questions to the custodial representative?

    <p>When the customer asks for advice related to custodial matters</p> Signup and view all the answers

    Which type of advice does the company NOT provide?

    <p>Financial advice</p> Signup and view all the answers

    If the customer has questions about what to transfer, what should they do?

    <p>Contact their financial advisor</p> Signup and view all the answers

    What should the company disclose to the customer?

    <p>We do not provide legal, tax, or financial advice</p> Signup and view all the answers

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