Harry Gross: How to invest legally in IRAs: No bull . . . ion

Dear Harry: I have quite a bit of money in my IRA from the rollover of a 401(k) from an old employer. I was told that I could use the IRA to invest in real estate. I am thinking of buying a vacation home in Florida that I can use as a residence when I retire. The broker who is my custodian told me that I can't use the IRA for real estate. Who's right here?

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