Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
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|What Prevents a Bank from Making a Loan Using an IRA as Collateral?|
Mar. 24, 2004
Excerpt: IRC Section 408(e)(4) essentially states that any IRA assets pledged as security for a loan are treated as distributed to the IRA owner. Though the rule does not deny collateralization, it would make the pledged amount of any traditional IRA assets subject to income taxes ...
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