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Borrowing Against Self Directed IRA
Hey everyone, I have a 401k from a previous employer that I was planning on moving into a self directed IRA. I just was wondering if you are allowed to borrow on margin with it? I'm sure every place is different but I wasn't able to locate concrete rules from the companies I looked up. My goal would be to use that to invest into real estate. Any thoughts would be helpful. Thanks!
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Dmitriy Fomichenko
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
you can not borrow against IRA, IRS rules do not allow using IRA as a collateral.