More Benefits of IRAs

As I have previously discussed, if a person structures an inherited IRA that person can obtain an assortment of benefits. It is important to remember that this is not only option for those with inherited IRAs. It is quite possible to use the IRA to purchase real estate or invest in all kinds of products and goods.

To use the IRA to make investments, a person might want to choose one of the larger financial institutions to help them manage the IRA. These institutions will typically only invest in a few investments, such as stock and bonds, and act like custodians of the IRA. If a person wants to use the IRA to make investments, it is important to understand the rules. For example, certain legal principles prevent the owner of the IRA from self-dealing. If the owner does so, the entire amount in the IRA could be immediately subject to tax. 

See Deborah L. Jacobs, How To Invest Your IRA In Real Estate, Gold, And Alternative Assets, Forbes, June 6, 2012.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.