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Don’t tarnish your IRA investments

by on
in Small Business Tax

Q. Can I invest in collectibles like gold and silver coins in my IRA? M.K.T., Salt Lake City  

A. Yes and no. The basic tax rule is that an IRA can’t invest in collectibles such as antiques or stamps. But there’s a limited exception for certain gold and silver coins. The list includes the American Gold and Silver Eagles and Canadian Gold and Silver Maple Leafs. Check with your IRA custodian.

Tip: Remember that an IRA is a retirement-saving vehicle. Be careful about including volatile investments.

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