A Disqualified Person is any of the following: The IRA account owner. Anyone providing fiduciary services to the plan (IRA). A member of the IRA account owner’s family including spouse, parents, lineal descendant and any spouse of any lineal descendant (children … Continued
Self-directed investors should be aware of, and avoid any, Prohibited Transaction between the IRA and a Disqualified Person. The following is a summary of what is contained in Section 4975 of the Internal Revenue Code that describes Prohibited Transactions, and … Continued
IRAs are not permitted to invest in life insurance and collectibles. In addition, due to the nature of its structure, a sub-chapter S corporation will not permit an IRA investor.
