Post Type: Quick Baby Boomer Financial Munchie
Question: What can an IRA Contain?
Quick Answer:
IRAs (Individual Retirement Arrangements) can hold investments.
You can put in:
- Stocks
- Mutual funds
- Exchange Traded funds
- Cash
- Bonds
- CDs
- Real Estate (subject to specific rules)
- Precious Metals (Gold IRA)
You cannot put into an IRA the following:
- Collectibles
- Artwork
- Antiques
- Gems
- Stamps
- Coins *
- Rugs
- Life Insurance
- Regarding coins, there ARE exceptions, those that are extremely pure in their mineral content like:
- American Eagle Gold Coins
- Canadian Maple Leaf Gold Coins
- US Mint Gold Buffalo Coins
Remember, an IRA is an investment vehicle you can use to plan for your retirement future.
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