re: MS River Equity Club

In my experience most companies handling IRAs will not allow for land to be purchased within an IRA. The article suggest it's because the investment firm doesn't make money on the IRA if land is purchased. While I can't argue with that the other side to the coin is the investment firm would not want to allow the IRA owner to start picking out land to purchase. Let's face it, for most this would be the only land they would purchase. They may not be fully aware of what purchasing land is all about. Also you're not supposed to use the land for recreational purposes if purchased within an IRA.