SIE Exam Question 813: Answer and Explanation

Question: 813

Which of the following are prohibited investments in an IRA?

(1) U.S. minted gold coins

(2) Antiques

(3) U.S. stamps

(4) Art work

• A. (1) only
• B. (1), (2), and (4) only
• C. (2), (3), and (4) only
• D. All of the above are correct.

Correct Answer: C

Explanation:

Collectibles that are prohibited investments in IRAs include antiques, stamps, art work, rugs, metals, gems, stamps, and coins. There is an exception for U.S. minted gold coins.