Protecting your Real Estate IRA
A large number of people who were planning to retire now find themselves postponing their plan, thanks
to the stock market crash.
With most 401(k) plans not allowing real estate investments, a large number of
people...
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Protecting your Real Estate IRA
A large number of people who were planning to retire now find themselves postponing their plan, thanks
to the stock market crash.
With most 401(k) plans not allowing real estate investments, a large number of
people preferred to invest in stocks, bonds and mutual funds but the collapse of the stock market has
played spoilsport to many a retirement plan.
That perhaps explains the sudden surge of interest in a self
directed IRA where the money is ultimately used for real estate investments.
To put it simply, a self directed IRA is a rollover of funds from your 401k account to be investment in real
estate through real estate IRA.
Now this is done by withdrawing funds from your bank or broker (holding
the 401k funds) and transferring it to an independent custodian who agrees to offer real estate as an
investment option.
You can now buy property with these funds.
But all expenses towards the investment
and all profits from the investment should be drawn
Less
