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I've got a relative (the classic "brother in-law") who did something unusual with his IRA. What I think he did, was use his IRA funds to invest in a franchise business "opportunity". I believe this was done with the direct help of the franchisor, it sounds like they found an IRA custodian who would be willing to work with this investment. For a price.

Does this sound like something that would be legal????


My background is one of volunteer tax work for the Tax-Aide program, which educates me somewhat about taxes but mainly for lower income people. I packrat Pub 17 for prior years, and listen attentively to financial planning radio shows (e.g. Ray Lucia). Have done all the coursework for the Certified Financial Planner certificate, but never took the marathon exam for that. Just telling you this so you might know how to word any reply, for your efficiency and convenience.

Thanks in advance! -- C44
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