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