Do you know what a prohibited transaction is if you have an IRA (or more specifically, a self-directed IRA)? It is a transaction that benefits the IRA owner rather than benefitting the retirement ...

What Are Prohibited Transactions in Retirement Accounts? Prohibited transactions refer to specific types of transactions that are not allowed within retirement accounts, as defined by the Internal ...

Most people are already familiar with the preferential tax treatment afforded to IRAs. Not so well known, however, is that IRAs generally also have, with some exceptions, strong creditor protection, ...

A new piece of legislation has been introduced to eliminate the DOL's regulatory authority over IRAs. If passed, it would mean that IRAs would no longer be subject to the DOL's prohibited transaction ...

A self-directed IRA is a retirement savings plan that allows you to decide what investments will be made. These accounts can hold a variety of investments and provide opportunities that you may not ...

The U.S. Supreme Court has agreed to review a U.S. Court of Appeals for the Second Circuit decision regarding the proper pleading standard for prohibited transaction claims brought under the Employee ...

The Tax Court held that a married couple who guaranteed a loan to a company whose stock was owned by their respective individual retirement accounts (IRAs) engaged in a prohibited transaction ...

The Labor Department's new potential "retirement security rule" carries significant changes to existing guidelines known as prohibited transaction exemptions for fiduciary investment advice. While the ...

As the number of retirees’ individual retirement account rollovers swells, so will the number of self-directed IRAs. Of the vast menu of nontraditional investments available for IRAs to invest in, ...

Given their popularity and widespread use, people rarely think of IRAs as “tax shelters.” But truth be told, that’s exactly what an individual retirement account is: a legal tax shelter. Processing ...

A lawsuit by a small 401(k) plan against its former record keeper over a $20,703 surrender charge has erupted into a battle between the Department of Labor and retirement industry trade organizations ...