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Did you know you can use some types of IRA accounts forinvesting purposes? Like a self-directed IRA, where you get to makeyour own decisions about how the money in your account is used.That means your IRA gets to invest in Real Estate transactions andin businesses. But before you rush to your IRA manager, take abreath and educate yourself a little. As with any IRA there arerules and prohibited transactions. That’s what this incrediblyinformative Cash Flow Diary podcast episode covers. Taken from alive webinar featuring J. Massey and Udirect’s very own KaarenHall that we recorded at the end of 2014, this episode promisesto give you much of what you need to know about the power of usinga self-directed IRA. Take notes as Kaaren talks about “sweatequity” and how the IRS says you cannot “over-contribute sweatequity” in a property in which the IRA invests. That means youcannot be the one to swing a hammer in the rehab process. You can’tget your hands dirty doing any of the improvements. Kaaren alsoexplains in depth about prohibited transactions, for example, youcan’t always do business with relatives, family members or evenin-laws. There are good reasons for this ruling. If you want toavoid legal hot water, you need to learn how to manage your self-directed IRA.There are many grey areas. You need to be very clear on using anIRA for investing purposes. The great news is that you absolutelycan use your IRA and it’s a smart way to create much brighter,financially fit golden years. Learn more.