Can I borrow money from my self-directed IRA?
No. You cannot personally borrow funds from your self-directed IRA, as this would be a prohibited transaction.
Your self-directed IRA may, however, make loans to eligible individuals or entities, provided the borrower is not a disqualified person and the transaction complies with applicable IRS rules.
Get Started With Mountain West IRA
Explore self-directed retirement account options that allow you to hold a broader range of allowable alternative assets.
Our team provides administrative and recordkeeping services to help you establish your account and process transactions at your direction.
