AMJ Financial Blog

Protecting an IRA from Prohibited Transactions

There are several prohibited transactions you must avoid as an IRA owner.

A prohibited transaction occurs when an account owner uses IRA assets in a self-serving or self-dealing manner that improperly benefits him or her.

If a prohibited transaction occurs, it can result in massive taxation and penalties.

Learning more about what constitutes a prohibited transaction will help you avoid unintentionally engaging in one.

For more information, download “Protecting an IRA from Prohibited Transactions in 5 Easy Steps.”

To learn more about the rules surrounding your retirement account(s), contact our office at 703-466-0477.

Securities offered through Triad Advisors, LLC, Member FINRA/SIPC

Advisory Services offered through AMJ Financial Wealth Management LLC

AMJ Financial Wealth Management LLC is not affiliated with Triad Advisors LLC

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