The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Investing IRA in private business Date:  6/3/2013  6:56 PM
Author:  Raladic Number:  118659 of 127513

One more thing you have to consider is if the state you're living in is a community state, in which case 50% of yours is hers and vice versa.

So even if you had 40% in the company and she has 20%, you actually really both have 30% each in it, as retirement investments are also considered community property.

On top of that, in your math, you would actually be the majority owner, not absolute (as no one would have over 50%) majority, but you would hold the relative majority (as no one holds more than you and your spouse each).
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us