Safeguarding Your IRA: Avoiding Costly Prohibited Transactions

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As an IRA owner, you’re likely aware that certain actions can lead to unintended consequences regarding your retirement savings. Specifically, engaging in what’s known as a prohibited transaction can be financially detrimental. But what exactly is a prohibited transaction? A prohibited transaction occurs when an IRA account owner utilizes their IRA assets in a self-serving or self-dealing manner that ultimately benefits themselves improperly. The repercussions of such actions can be severe, resulting in substantial taxation and penalties. It’s a scenario you undoubtedly want to avoid.

The challenge lies in recognizing when you might inadvertently cross into the territory of a prohibited transaction. To help you navigate this complex terrain and safeguard your retirement funds, we’ve created a valuable resource: “Protecting an IRA from Prohibited Transactions in 5 Easy Steps.” This guide will give you essential insights into the rules and regulations surrounding your retirement account(s), helping you avoid costly mistakes. Your financial future is too important to leave to chance, and understanding these crucial principles is a significant step toward securing it.

RFG Wealth Advisory is here to guide you if you have any questions or need further clarification about the rules governing your retirement accounts. Call Chris Robinson, the lead advisor at RFG Wealth Advisory in Argyle, TX at 940-464-4104, and I’ll be more than happy to provide the guidance you need. You can also book conveniently online at At RFG Wealth, we have a fiduciary duty to always put our client’s interests first and have a simple, transparent fee structure that’s easy to understand.

Your financial well-being and the security of your retirement funds are paramount to us. Let’s work together to ensure they remain well-protected and poised for growth.


Protecting Your IRA from Prohibited Transactions in 5 Easy Steps

“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.”

Securities offered through LPL Financial, Member FINRA/SIPC.  Investment advice offered through RFG Wealth Advisory, a registered Investment advisor and separate entity from LPL Financial.

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