# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DMa6lkbxgUO
- **Gondola URL:** https://gondola.cc/posts/35104092-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/7bf580b192.jpg
- **Posted:** 2025-07-22T18:44:56.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

Can You Use an IRA to Buy Season Tickets? 

Let’s clear up the social media myth ⚠️ 

Some influencers are out here saying: 

“Buy Super Bowl tickets through your Roth IRA. Sell them. Keep the profit — tax-free for life!” 

🚫 I strongly disagree. 

Because that’s not how the law works. 

Here’s what most don’t understand: 

🎟️ Tickets ≠ Real Estate. 

They’re not a lease — they’re a license to occupy a seat. 

And the IRS doesn’t treat licenses the same way it treats real estate. 

That distinction? It kills the strategy. 

Let’s get real about IRA rules: 

Whether it’s Traditional or Roth, self-directed or not… 

There are clear boundaries: 

❌ No personal benefit (even indirect). 

❌ No self-dealing — period. 

❌ No speculative or non-permissible assets. 

❌ No related-party transactions. 

Break those rules and you risk: 

⚠️ Penalties. 

⚠️ Losing IRA status. 

⚠️ Triggering UBTI (Unrelated Business Taxable Income). 

⚠️ Getting flagged in an audit. 

Here’s the thing — 

I love creative strategies. 

But they have to be legal, defensible, and proven. 

This one? 

Too many red flags. 

Too many gray zones. 

Not worth the risk. 

✅ Want to reduce taxes without risking your retirement? 

✅ Want to use the rules — not break them? 

Drop “apply” and let’s see if we’re a fit to work together. 

We’ll talk real strategies. 

Grounded in real law. 

Designed for real wealth. 

Credit (IG): 

Rich Somers – [rich_somers] 

Kaaren Hall – [kaarenhall] 

 SF0730

## Stats

- **Views:** 14,575
- **Likes:** 318
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- **Comments:** 13

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Edward Collins | Money Lawyer & Wealth Strategist | @edwardcollins_upleveled | https://gondola.cc/edwardcollins_upleveled | Talent |
| Hector Garcia | @Hector_FilmSchool | https://gondola.cc/Hector_FilmSchool | Content Producer |

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