Are there investments that are prohibited?
Yes, but probably not invest in them. Internal Revenue Code does not specifically authorize investments within the IRA, but the code describes what types of investments are not allowed. The Prohibited Investments include:
Artwork Rugs
Metals Antiques
Gems Brands
Coins Alcoholic Drinks
Life insurance contracts in Stock S-Corporation
And some other tangible personal property
Friday, May 20, 2011
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