Can my wife and I combine IRAs for the purposes of a Real Estate Self-Directed IRA?
Hello BP,
In order to gain greater buying power (sooner) I was wondering if it's legal or if anyone here has ever combined their spouses 401k to use in a self directed 401k trust to purchase real estate property.
- I understand how a trust would work (all monies have to flow through the custodian, etc..)
- I will probably follow up with my tax advisor / financial advisor / trust companies
All the same, just wondering if anyone has experience w/ this "strategy"?
Thanks in Advance,
-Alonzo