Updated over 9 years ago on . Most recent reply
Using IRA and Annuity to buy real estate
Hi I have a Roth IRA, a SEP IRA and an annuity. Am I able to invest in real estate with these? I am not making a good return in these investment vehicles so I'd rather use that money to buy real estate. Any advice would be appreciated. Thanks!
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Dmitriy Fomichenko
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Dmitriy Fomichenko
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Not the annuity.
Both Roth IRA and SEP IRA can be transferred into self-directed IRA's, but not combined because one is pre-tax and other post-tax accounts. Therefore you will need two separate self-directed IRAs.
The only way to combine them is to convert SEP IRA into Roth, which is a taxable event.