Should you use an IRA to fund your business?
I’ll bet you didn’t know you could use an IRA (called a “self-directed” IRA) to fund your business. I recently wrote about using IRA’s to fund businesses on my About.com Guide Site, U.S. Business Law & Taxes.
But I hesitated a long time before I wrote it. I don’t give investment advice, and I truly think this is not a smart way to invest an IRA. I can only think of two instances in which it MIGHT (note my emphasis) be ok:
1. You have lots of other money invested for retirement, and you have a defined benefit pension …read more
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