My wife and I are thinking of lending her parents some funds out of my IRA at market rate.
From what I understand, since I am the account holder, my in-laws would not be disqualified persons.
However I live in a community property state so I'm not sure if that affects this?
Penalties are STEEP so Im afraid I'm missing something.
Any insight is appriciated
From what I understand, since I am the account holder, my in-laws would not be disqualified persons.
However I live in a community property state so I'm not sure if that affects this?
Penalties are STEEP so Im afraid I'm missing something.
Any insight is appriciated
Statistics: Posted by Bogle_Bro — Thu Feb 22, 2024 6:58 pm — Replies 2 — Views 224