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IRA investing


Last Edited: August 5, 2012, 4:13 pm


Warren Buffett says along with equities, single-family homes are a very attractive investment right now.


Revenue Code Section 4975, a Self-Directed IRAs can invest in most commonly made investments, including real estate, private business entities, public stocks, private stocks, and commercial paper.

Entry #2,027


JAP69Comment by JAP69 - August 5, 2012, 4:04 pm
Who is to say Romney does not have one of these types of IRAs.
Put in from his taxable earnings what is allowable by law yearly. From there he can control the investments in the IRA.
Obviously he is good at investing and at making money.
Romney could have been doing this for years for him to accumalate a large fortune in this type of IRA.
Looks like congress will need to write new codes on IRAs. See how far that flies in congress. No doubt congress members know about this and use it.
Would piss Buffett and his money friends off too.
JAP69Comment by JAP69 - August 5, 2012, 4:09 pm
It would appear with a self directed IRA there is no limit on what you can make on your investments TAX FREE.
Comment by GASMETERGUY - August 5, 2012, 8:55 pm
I don not see a problem here. Where is the problem?

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