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IRA CD as Loan Collateral

Answered by: 

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

IRS Publication 590 lists the prohibited transactions for a tradtional IRA on page 41. Among the items listed are borrowing money from it and using it as security for a loan.

First published on BankersOnline.com 7/17/06

First published on 07/17/2006

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Filed under lending as: 
Filed under security as: 

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