Protecting an IRA from Prohibited Transactions

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There are several prohibited transactions you must avoid as an IRA owner. A prohibited transaction occurs when an account owner uses IRA assets in a self-serving or self-dealing manner that improperly benefits him or her.

If a prohibited transaction occurs, it can result in massive taxation and penalties. Learning more about what constitutes a prohibited transaction will help you avoid unintentionally engaging in one.

Download the “Protecting an IRA from Prohitibed Transactions in 5 Easy Steps” checklist here.

To learn more about the rules surrounding your retirement account(s), contact Chris Robinson at RFG Wealth Advisory 940-464-4104.


Protecting an IRA from Prohibited Transactions

“These materials have been independently produced by RFG Wealth Advisory. RFG Wealth Advisory is independent of, and has no affiliation with, Charles Schwab & Co., Inc. or any of its affiliates (“Schwab”). Schwab is a registered broker-dealer and member SIPC. Schwab has not created, supplied, licensed, endorsed, or otherwise sanctioned these materials nor has Schwab independently verified any of the information in them. RFG Wealth Advisory provides you with investment advice, while Schwab maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction.”

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