Self Directed IRAs/401ks: Pundeff-Adams Fills Attorney Void.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 23, 2010 --

The use of IRAs and 401ks to purchase real estate and other "non-traditional" investments is becoming increasingly popular. Still a relatively unknown option, real estate professionals have spearheaded the effort to get the word out about these "self directed" IRA and 401k accounts, which typically require specialized administrators called "custodians." Unfortunately, when investors question their CPAs or attorneys about such retirement account investing, they are often met with evasive or skeptical answers arising from lack of familiarity. However, this may be changing. For example, Pundeff-Adams is a collaboration of two law firms in California formed specifically to address investor needs in this specialized area.

William Adams of Pundeff Adams states that their practice is geared to provide legal expertise to investors who have more complex transactions, who want to ensure tax and legal optimization, or who want in depth consultation. Additionally, he says “we can provide representation for unique solutions such as prohibited transaction exemptions.” He adds, “exemptions are sometimes granted by the Employee Benefits Security Administration but the procedure can be too complex and nuanced for the novice.”

“While there are custodians who can place investors into self directed IRAs almost immediately, many investors may not feel comfortable with a custodian's one-size-fits-all or do-it-yourself approach,” says Adams. “These investors look for tax or legal professionals with graduate level degrees, professional licenses, and professional liability insurance.” “Moreover, because self directed retirement investing is governed by federal law, we can serve clients anywhere in the country from our offices in San Diego California.” Now, with firms like Pundeff Adams, self directed IRA and 401k investing may be entering the mainstream of retirement plan investments.

You can learn more about the services of Pundeff Adams by visiting their website at pundeffadams.com, or contact them directly at 619-788-5680.

More information can be found online at http://pundeffadams.com

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