The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Gold Investing||Date: 10/15/2007 4:23 PM|
|Author: LaughingRaven||Number: 59707 of 78166|
pedorrero's right. From
Investment in Collectibles
If your traditional IRA invests in collectibles, the amount invested is considered distributed to you in the year invested. You may have to pay the 10% additional tax on early distributions, discussed later.
Collectibles. These include:
Artworks, Rugs, Antiques, Metals, Gems, Stamps, Coins, Alcoholic beverages, and Certain other tangible personal property.
Which I think is their jargony way of saying you can't do that. If your IRA invests in these items, it's immediately kic