The "Fake IRS" Approved IRA Investments

 Fraudulent “IRA Approved” Sales Pitch
“This investment has been approved for your IRA. You can use your IRA for this investment by filling out the forms in the attached information package, and our agent will take care of the rest. This has been reviewed by the government (or IRS).
This investment is so safe you can use it for your IRA. Only certain investments are approved for IRAs.”

The IRS ONLY issues letters to IRA sponsors, trustees, or custodians  to certify they are complying with requirements concerning investor rights, account administration, and standards for documents that allow deductible contributions.
The IRS does not:
„ review or approve investments.
„ endorse any investments.
„ advise people on how to invest their IRAs.

 North American Securities Administrators Association recommends:"
„ Exercise extra caution during the tax season when it comes to making IRA investments.
„ Avoid any investment touted as “IRA Approved” or otherwise endorsed by the IRS.
„ Don’t buy an investment on the basis of a television “infomercial” or radio advertisement.
„ Beware of promises of no-risk, sky-high returns on exotic investments for your retirement account.
„ Never transfer or rollover your IRA or other retirement funds directly to an investment promoter.
„ Proceed with caution when you are encouraged to invest in a “general partnership” or “limited liability company.”
„ Don’t be swayed by the fact that a bank or trust department is serving as an IRA custodian.
„ Always check out an investment and promoter before you turn over your money."


Solo 401k Plan: Your Opportunity for Checkbook Control of Your Future