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To: MulhollandDrive who wrote (261591)	7/16/2010 5:25:25 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

checkbookira.com In fact, there are but two things Congress said your IRA can not invest in, Collectibles and Life Insurance. Also you can not have any “self dealings”, which means you or your immediate family can not borrow from or loan to or enjoy the immediate benefit of your IRA.

To: MulhollandDrive who wrote (261591)	7/16/2010 5:30:11 PM
From: neolib	Respond to of 306849

BTW, if thinking of this and your money is in non-ROTH, which most of mine is, this year is likely the best time to think about converting to a ROTH, since you can either take the hit this year, or spread it out over 2011 & 2012 (but only one spouse). Problem is, the spread out is achieved by counting the income as 50% in 2011 and 50% in 2012, and of course the tax rates after 2010 are in flux. So I'll wait until near the end of the year, and hopefully they will have determined the 2011 tax at least, then I'll make the call. There is a safety mechanism (currently)) which is reconversion from a ROTH back to non-taxable, so I guess one could convert now, and if the tax code changes too much, reconvert back.