0
Not directly as an asset. You might be able to legally have shares of a thoroughbred racing limited partnership in an IRA, but it would depend on the specifics of the legal entity. The shares must be purchased by the IRA custodian; therefore, you need to have your IRA with a firm that is willing to handle "alternative investments". A very good tax lawyer would be a prerequisite to setting up any of this. This answer should not be considered reliable legal or tax advice.
What else can I help you with?
What what the name of the horse which the IRA kidnapped?
The horse the IRA kidnapped was a racehorse named Shergar.
How can I find my IRA account?
To find your IRA account, contact the financial institution where you opened the account or check your account statements and online banking portal for information on your IRA.
Can I take a loan from an IRA account?
No, you cannot take a loan from an IRA account.
Can you take a loan from your IRA account?
No, you cannot take a loan from your IRA account.
Can you take loans from an IRA account?
No, you cannot take loans from an IRA account.
Can you borrow money from your IRA account?
No, you cannot borrow money directly from your IRA account.
Can I borrow money from my Simple IRA account?
No, you cannot borrow money from your Simple IRA account.
How can I find an IRA account?
You can find an IRA account by contacting financial institutions such as banks, credit unions, or brokerage firms. They can help you open an IRA account to save for retirement.
How do you figure out the amount to invest in your Roth IRA account?
You can figure out the the amount to invest in your Roth IRA account at www.fairmark.com. You can also try www.investortrip.com/which-roth-ira-account-is-best-for-your-retirement/
Can you rollover an old 401k into an IRA account?
You can roll over a 401k account into your IRA account. This is cost effective and relatively easy.
What does the term 'IRA mutual funds' mean?
IRA mutual funds are those that are suitable for an IRA. An IRA is otherwise known as an 'Individual Retirement Account'. It is an account designed for retirees in the US.
How do I find my IRA account information?
To find your IRA account information, you can check your account statements, contact your financial institution, or log in to your online account if you have one.
