compensation on my own IRA
I remember reading that you can’t earn a fee off of your own account but I don’t remember where I read that. Is that just for fee based or any compensation. It also relates to generating fees on family members
I remember reading that you can’t earn a fee off of your own account but I don’t remember where I read that. Is that just for fee based or any compensation. It also relates to generating fees on family members
Permalink Submitted by Clyde Wolf on Wed, 2008-12-03 00:43
IRS Pub 590 Individual Retirement Arrangements, on page 48. under the heading, “Prohibited Trans actions has the information you may be referring to: http://www.irs.gov/pub/irs-pdf/p590.pdf
Permalink Submitted by mk foss on Wed, 2008-12-03 05:20
This issue was discussed in Ed’s Newsletter in April 2007 on page 7.