Ask a Question
or
Create a Poll
  1. Home /
  2. Questions /
  3. Finance
  4. / Investments & Financial Markets
  5. / Municipal Bonds

by Answerbag Staff on December 15th, 2009

Answerbag Staff

Question

Help answer this question below.

Can you put municiple bonds in an IRA account?

Share:
Other

Answers. 3 helpful answers below.

  • by Mark Kennan on December 15th, 2009

    Answerbag Experts

    Great Answer

    Professionally Researched. (What's this?)

    Municipal bonds are an allowable investment for IRA accounts. The only banned investments are collectibles and investments that you personally benefit from, such as using IRA funds to buy a house that you live in.

    Source:

    IRS.gov: Publication 590

    No comments. Post one | Permalink

  • by wildthorn on April 8th, 2010

    wildthorn

    Share your answer...

    No comments. Post one | Permalink

  • by wildthorn on April 8th, 2010

    wildthorn

    Putting a tax-free municipal bond or bond fund would be a waste in your
    IRA. Your IRA is tax deferred and you would be better off putting stocks
    or funds in it that pay dividends or capital gains. If you are talking about
    taxable municipal bonds, that wouldn't be a problem in your IRA. You would
    be wasting a tax-free account though by putting a tax-free investment
    into a tax-deferred one.

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

You're reading Can you put municiple bonds in an IRA account?

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

ANSWERBAG BUZZ

Can you transfer checks
Can you put tax exempt munis in retirement account
Are municipal bonds allowed in an ira
Can one person put a taxable municipal bond in a ira
Ira municiple bonds

Answerbag

a Demand Media company