sale my IRA for real

1 Reply

I have about 50k sitting in a IRA. it was a old 401k that I rolled over. thinking of moving it to a self directed IRA and invest in big fund but I still can't touch the money until I'm 59.5 yrs old and i have no passive income coming from it. or should I go ahead and close out the IRA and take the penalty and tax which will leave me about 28k to 30k and then I can invest into real estate and get passive income tax benefits that I can use now? thanks for any input.

Hey Jesse, 

A lot of people roll over to self directed IRA's(like you mentioned) and invest privately with investors or funds. I was in a similar situation and decided to cash mine out to roll into real estate. I think your current age, experience, and goals are major factors.

Is your goal to build wealth or passive income you have access to today? Are you active in real estate now? What would be your plans if you cashed out today? Would you be fix and flipping? Buy/hold? The great part about real estate is there are thousands of ways to make money. I think it ultimately depends on the person, what their goals are, how active/hands on they want to be, etc. 

Let me know if you have any other questions or need any more guidance. :)

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