Self Directed IRAs Provide Overlooked Opportunities for Domestic Partners

PENSCO Trust Company explains that domestic partners when it comes to self-directed IRA investing are not "disqualified persons" under the tax laws. This means that IRA dealings that would be prohibited if made with a spouse or child may not be prohibited if made with a domestic partner. Attend a free PENSCO Webinar (http://www.penscotrust.com/events/WebAndTeleseminars.asp), Wednesday June 3rd on Finding Funding in Difficult Times and Why Structured Settlement Annuities May be a Good Investment for Retirement Funds.

San Francisco, CA (PRWEB) May 28, 2009 -- PENSCO Trust (http://www.penscotrust.com/), leading self-directed IRA custodian (http://www.penscotrust.com/) frequently explains how to avoid prohibited transactions when investing retirement funds into alternative assets, (e.g., real estate, business start-ups, notes and more.) One overlooked area is domestic partners- How they can invest with each other, unlike husband/wife or investing with children. Domestic partners when it comes to self-directed IRA investing are not "disqualified persons" under the tax laws. This means that IRA dealings that would be prohibited if made with a spouse or child may not be prohibited if made with a domestic partner.

"Finding funding in this current marketplace may be challenging," says Tom Anderson, CEO of PENSCO Trust (http://www.penscotrust.com/about/PENSCO.asp). "However, your IRA and/or 401(k) can be an untapped source of funds to invest in a startup business, fund your own business or you and your domestic partner can co-invest in land or income-producing real estate, providing it's not for your personal use."

Attend a free PENSCO Webinar (http://www.penscotrust.com/events/WebAndTeleseminars.asp), Wednesday June 3rd on Finding Funding in Difficult Times and Why Structured Settlement Annuities May be a Good Investment for Retirement Funds.

About PENSCO Trust Company

PENSCO Trust, with offices in New Hampshire and California, and with more than $3 billion in assets under administration, for more than 19 years has enabled over 35,000 investors and professionals to take control of their retirement portfolios.

Media Contact Information:

Robyn K. Levin

R. Levin Marketing Group

415-690-9990

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