Watch out for IRA prohibited transactions
When IRAs were first created in the early 1970s, most IRA account holders invested in traditional securities like mutual funds or publicly-traded stocks and bonds. Times have changed. An increasing number of people are now using their IRAs to buy real estate, hedge funds, precious metals or even closely held businesses.
There is nothing wrong with using these “alternative” investments in an IRA, but they can be tricky.
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