Forex Trading Ira
Can I hold my IRA in non- US dollars?
I’m not talking about trading forex or foreign stocks. I want the cash and stocks in it to be in non US funds since the dollar is eroding in value.
Yes! I hold stocks from various other countries in my IRA. The only requirement is that the securities be SEC registered for tax purposes.
Holding non-US currency is another matter for I know of no way for those rupees or pounds to be delivered. Remember, US-based retirement plans must be denominated in such a way as to have clearly delineated fiat equivalents—otherwise there’s no way to operate on a measurable and reliable baseline. I don’t believe it is possible to hold foreign currency in an IRA but I’m not the expert on that part of your question.
Len
Forex IRA Accounts
