Managing the Property

You may receive a fee for managing the assets in your IRA. Managing assets does not include property management conducted by the beneficial owner of an IRA or a company owned more than 50% by the beneficial owner of real or personal property in the IRA. Managing assets means managing your IRA portfolio. Management fees can be paid to you or other persons or entities you designate on receipt of invoices. A 1099 will be issued to you or other designated asset manager for the year in which such invoices are paid. All of the income and expenses are for the benefit of the account. This includes all property rental or lease income, taxes, property management and repairs. Invoices for expenses are paid on client approval. The record-keeping and administration expenses may be paid either directly from separate funds or through the Plan, and may be tax deductible.

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