Why Using Your IRA for a Golden Visa is Asking for a Disaster

Don’t risk your retirement savings. This video explains the fundamental conflict between U.S. and foreign law that can trigger a prohibited transaction in your IRA. DontGetBurned.co

This video explains the catastrophic risks of using IRA funds for a Golden Visa investment. We break down the legal and tax mismatch between U.S. common law and Portugal’s civil law, and why this can trigger prohibited transactions like self-dealing and self-benefit. Learn about the severe tax penalties for this violation and why foreign advisors often fail to understand this critical risk.

Note: Important: This video is for educational purposes only and does not constitute tax, legal, or investment advice. Statements regarding prohibited transactions, tax penalties, and IRA rules reflect general principles under current U.S. law and may not apply to every situation. The consequences of a prohibited transaction can vary depending on individual circumstances, and examples provided (including potential tax liabilities) are illustrative. Always consult qualified tax and legal professionals before using retirement assets for any cross-border investment.

Timestamp:
0:00 - Introduction
0:05 - Disclaimer
0:13 - Using IRA funds for a Golden Visa
0:37 - Why it’s a tax trap
0:58 - US vs. Portugal legal systems
1:49 - The legal mismatch problem
2:02 - Trap 1: Self-dealing
3:16 - Trap 2: Extension of credit
3:36 - Trap 3: Self-benefit
4:39 - Why this risk is serious
5:44 - No legal exemption exists
6:45 - Potential tax penalties
7:13 - Don’t trust false promises
7:29 - Safer alternatives and advice
8:02 - Join the Golden Visa Risk Master Class

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Disclaimer: This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for, tax, legal, or investment advice. You should consult with your own tax, legal, and financial professionals for your specific situation.