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What type of investments does the IRS not allow?

Posted on: December 10, 2019

The law does not permit IRA funds to be invested in life insurance or collectibles.

If you invest your IRA in collectibles, the amount invested is considered distributed in the year invested and you may have to pay a 10% additional tax on early distributions.

Here are some examples of collectibles:

Artwork
Rugs
Antiques
Metals – with exceptions for certain kinds of bullion
Gems
Stamps
Coins – (there are exceptions for certain coins)
Alcoholic beverages
Certain other tangible personal property

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