I have a client that purchased a bare lot next door to his personal residence with his IRA. I believe this raises a few red flags. Could you give one or two examples as to why this is not a good idea? If they’re planning on using the property personally, my thought was to have them get a mortgage to purchase the property from the IRA. Is this allowable? If not, we could have the IRA distribute the property and have the client pay the tax bill. He has close to $8 million in ESOP and IRA combined and is over 59.5. Help!