Rollover 401?

Question

Can a 401 be rolled over to an IRA then use part of IRA to invest in stock in a non-public company> ex:LLC ??

Answer 1

Yes, in most cases, but stick with a brand name brokerage firm, like say Schwab, which has discount commissions, rather than a bank or insurance company. They are less flexible on the types of investments offered for an IRA account.

Answer 2

There may be ways to do it but they are rather complex and the rules must be followed exactly or else you will be taxed and penalized. Search for "Self-Directed IRAs".