Newman Asset Management Blog

I am looking into buying a house for my father with his IRA. There is a "safe harbor" IRA which would enable us to use his IRA funds to buy property that he can live in without major tax consequences. Just wondering if anyone knows the drawbacks of doing this? It seems like a fantastic thought to me, but many people seem to be negative about it without apparent reasons.

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I mean infer the gov. has deducted taxes from your salaries, but they really have to give you a small refund, if you get an IRA will it increase the size of the refund?
but will that adjustment result in increased refunds, assuming you had a small refund, from the taxes the gov. retained from your salary each month?

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I am tiresome to find a way to use my Roth IRA money to buy single home investment property.. Someone told me that I need to find a Finanical society offer Self Direct IRA in order to do this.. How does it work and who offer such service..

Thanks