Risky Retirement: A Proposal for FTC Oversight of Self-Directed IRAs

Authors

Jillian Sarro, Maurice A. Deane School of Law at Hofstra University

Abstract

The article discusses the growing concern over self-directed individual retirement accounts (IRAs) and their potential to jeopardize retirement security. Topics include the risks of noncompliance with IRA rules, as highlighted by a Rhode Island couple who owed the IRS due to improper handling of their IRA assets, the penalties resulting from prohibited transactions and improper asset storage, and the increasing cases of taxpayers making costly mistakes with self-directed IRAs.

Recommended Citation

Sarro, Jillian (2024) "Risky Retirement: A Proposal for FTC Oversight of Self-Directed IRAs," Hofstra Law Review: Vol. 52: Iss. 4, Article 7.
Available at: https://scholarlycommons.law.hofstra.edu/hlr/vol52/iss4/7