T.R | Title | User | Personal Name | Date | Lines |
---|
465.1 | If the trust document allows it... | TLE::JBISHOP | | Tue Apr 27 1993 17:48 | 3 |
| Trusts can have anything put in them, IRAs I don't know about.
-John Bishop
|
465.2 | Well, it simplifies bookkeeping | VMSDEV::HALLYB | Fish have no concept of fire | Wed Apr 28 1993 09:18 | 1 |
| IRAs must be opened with cash.
|
465.3 | | VMSDEV::HAMMOND | Charlie Hammond -- ZKO3-04/S23 -- dtn 381-2684 | Wed Apr 28 1993 14:36 | 11 |
| > IRAs must be opened with cash.
...or by transferring assets from another IRA.
The types of assets that can be held in an IRA are limited.
e.g. I understand that Real Estate and "Collectibles" are not allowed.
I don't know the detailed rules.
I'm not aware of any general rules limiting the types of assets that
a trust can hold. I suppose that a specific trust could be established
with limits on what types of assets it can hold.
|
465.4 | IRA Brokerage Account | ALLVAX::CALEY | | Fri Apr 30 1993 15:36 | 15 |
| >
> IRAs must be opened with cash.
>
> ...or by transferring assets from another IRA.
>
> The types of assets that can be held in an IRA are limited.
> e.g. I understand that Real Estate and "Collectibles" are not allowed.
> I don't know the detailed rules.
I had an IRA account with a local bank, and then I rolled it over into
an "IRA Brokerage Account" with Fidelity. Through this account I am
able to buy stocks, bonds, mutual funds, etc...
|