Real Estate inside an IRA goes wrong. Don’t let it happen to you

Brian Fricke, CFP®IRA, Taxes

You’ve probably been told that IRAs are allowed to hold real estate as an investment. But IRA custodians like Schwab, Fidelity and TD Ameritrade aren’t required to let you include real estate in your IRA account. A taxpayer – not one of our clients – learned this lesson the hard way. Here’s what happened.

A Common IRA Mistake

Brian Fricke, CFP®IRA

In this edition:

The most common mistake we see when it comes to IRA accounts doesn’t have anything to do with how the IRA money is invested. Nope, the biggest mistake we see all too often is this…