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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (7023)	7/20/1999 10:08:00 PM
From: Investor2	Respond to of 15132

While it's not exactly the same thing, one can not pledge IRA assets as collateral for a loan (i.e., for margin), without losing the tax-deferral benefit of the entire account. (IMO) Best wishes, I2

To: Ian@SI who wrote (7023)	7/20/1999 10:20:00 PM
From: Gary D	Read Replies (1) \| Respond to of 15132

Ian, re: "I know I sure as hell wouldn't keep both accounts with a broker that made me sign that kind of onesided agreement." Something to think about. I have all my accounts with them. Although I don't plan on my brokerage account ever going in the red, if some sort of foul-up occurred in which trades were erroneously executed, and if I then were unable to successfully dispute the broker's claims, the IRA funds could be at risk. Maybe others will weigh in on whether they would be concerned about this kind of risk. I'm getting a queasy feeling. . .