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A Self-Directed IRA Can Purchase Precious Metals Approved Under the Tax Code
One of the most popular alternative investments with a self-directed IRA LLC is precious metals. Just as you can own real estate in your IRA, you can also legally invest in gold, silver, platinum or palladium bullion and certain coins.
While holding gold, silver or allowed coins in your IRA can make a great investment, investors need to approach the precious metal asset class with caution.
Prohibited transactions and disqualified persons are topics that every self-directed investor needs to be thoroughly familiar with
The terms are ominous enough - prohibited transactions and disqualified persons. To self-directed investors, they are two things that must be avoided.
The Internal Revenue Code is exclusive in nature in that it doesn't tell investors what they can invest, but only what they can't. For every IRA, there are people and entities that are disqualified from transacting with the retirement plan. IRS rules do not allow the IRA to deal with these people and entities.
Kentucky's Pension Crisis Affects Many Citizens Throughout the Commonwealth
If you teach or work for the state or local government, chances are your pension funds are at risk due to several factors.
This infographic from IRAYourWay.com explains the low funding levels of the Kentucky Teachers Retirement System, the Kentucky Retirement System and the Kentucky Employers Retirement System Non Hazardous plans.
Pension Funding and Education Cuts Square Off as Kentucky’s Budget Deadline Looms
It’s an interesting time to be a citizen of the bluegrass. Our state government is trying to hack out a budget that will fix a depleted public pension system while at the same time refrain from making significant cuts to our education system.