Are there any restrictions on investments in alternative assets?

There are some restrictions on investing in alternative assets. These include: life insurance, real estate meant for personal use, and engaging in transactions involving disqualified persons (defined by the IRS as the IRA owner’s fiduciary and members of his or her family). Others include: the IRA account owner or their beneficiaries cannot engage in transactions with a disqualified person, the SDIRA cannot be used for personal benefit (i.e. rental property income from an investment property owned by the account cannot be transferred to a personal account), and the IRA owner cannot invest in assets that are not allowed (such as collectibles and life insurance).