Question

 Can a roth ira be used as collateral?

Answer You cannot use a Roth IRA---or any IRA---as collateral. It is a prohibited transaction, and the IRS views it as an early withdrawal: "If the owner of an IRA pledges part of the IRA as collateral, t... Read More »
http://www.answerbag.com/q_view/1897503

Top Q&A For: Can a roth ira be used as collateral

Does a roth 401k count as a holding period for a roth ira?

When you rollover money from a Roth 401k plan to a Roth IRA, the time in the Roth 401k does not count towards the five year requirement that must be satisfied before qualified distributions can be ... Read More »
http://www.answerbag.com/q_view/2000178

Does the Roth phase-out affect the Roth?

The Roth Phase-Out affects your ability to continue contributing to a Roth IRA if your income is above a certain threshold. This phase-out only affects new contributions and does not affect Roth IR... Read More »
http://www.answerbag.com/q_view/2108710

How to Use a Car As Collateral?

In the event you need a loan, but are financially leveraged and unable to apply for an unsecured loan, you can use your car as collateral for a credit union, bank or finance company. Loans are easi... Read More »
http://www.ehow.com/how_6565468_use-car-collateral.html

What is collateral?

When determining whether or not to grant a loan, banks consider the risk involved or the likelihood that the institution will suffer a loss as a result of lending the money. One way that banks mini... Read More »
http://www.answerbag.com/q_view/1964323


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