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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: Re: IRA to Fund New Business Date: 3/7/2013 7:39 PM
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TMFBreakerRob: "I'm retired, 60..... and I'm in the process of starting up a business that is franchised. I expect to be building a number of stores and plan to tap my IRAs to fund it, most likely in combination with bank financing for part of the hard assets (leasehold improvements, store fixtures, signs).

Questions: Is it feasible to have the IRA fund the business in such a fashion that I don't have to withdraw the money, pay taxes and invest the proceeds? It seems that it would be nice to defer the whole tax thing. :)"


I am bout 99.5% certain that the answer to your question is no; see the rules about related party and self-dealing.
transactionshttp://www.irafinancialgroup.com/prohibitedtransactions.php.

I am 100% certain that someone will correct me if I am wrong.

Regards, JAFO
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