Using An IRA As Loan Collateral

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Using An IRA As Loan Collateral
by Andy Zavoina, BOL Guru
BIO AND CONTACT INFO

Question: Can an IRA be used as collateral for a loan?

Answer: IRA's receive special treatment from the IRS because the customer does not have use of those funds. If they can pledge them as collateral, they'd effectively have use.

So, no, you can't.

First published on BankersOnline.com 2/17/03

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