numbrel:<<<<Also, what is the difference in having a CD and a CD within an IRA?>>>>"An IRA is just an account with special rules about how much money you can put in and how you can take the money out. There are all kinds of investments you can have in an IRA; savings, money market, CDs, stocks, gold, bonds, houses, etc."There are also restrictions on what may be included in an IRA.IIRC, collectibles are verboten.I also seem to recall that bullion was verboten, too, but I could be mistaken.And while real estate can be held in an IRA, it is a very highly specialized area with many restrictions, including no personal use and, IIRC, restrictions against leverage.I looked and found this:"(See IRS Publication 590 for complete details). These [prohibited investments] are: -Collectibles (e.g. art, antiques, jewelry etc.) -Life insurance -Coins (other than U.S. gold coins) -"party-in-interest" transactions (These are transactions involving "disqualified" parties such as ascendants, descendants, fiduciaries etc. See Internal Revenue Code 4975 for details)"http://www.pensco.com/fees/Services.aspFor IRS Publication 590 see: http://www.irs.gov/publications/p590/ "Collectibles. These include: Art works, Rugs, Antiques, Metals [most bullion, IMO], Gems, Stamps, Coins, Alcoholic beverages, and Certain other tangible personal property.Exception. Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department. It can also invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion." Id.Regards, JAFO
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