IRA Investments?

February 24, 2025
by a searcher from Clemson University - College of Business and Behavioral Science in Charleston, SC, USA
Has any used IRA to invest in business? Is this possible or expensive to setup?
February 24, 2025
by a searcher from Clemson University - College of Business and Behavioral Science in Charleston, SC, USA
Has any used IRA to invest in business? Is this possible or expensive to setup?
from University of Tennessee in Nashville, TN, USA
If you are asking if you can use IRA funds (self-directed IRA) to invest in someone else's business, yes. There are compliance issues in that arena, too, and numerous self-directed IRA administrators can assist you with the proper compliance there if you have an interest.
In both cases, you will need third-party assistance to set-up the systems and avoid a very painful tax consequence from non-compliance.
from DePaul University in Chicago, IL, USA