Is It Legal To Invest In Real Estate, Notes, Tax Liens, etc. or to Finance A Business With Retirement Funds?
YES…In 1974, Congress passed the Employee Retirement Income Security Act (ERISA). making IRA, 401(k) and other retirement plans possible. Only two types of investments are excluded under ERISA and IRS Codes: Life Insurance Contracts and Collectibles (art, jewelry, etc.). Everything else is fair game. IRS Code Sec.