Skip to content
Tax, SDIRAs & Cost Segregation

User Stats

26
Posts
10
Votes
Corey Depuy
  • New to Real Estate
  • Pittsburgh, PA
10
Votes |
26
Posts

Self-Directed IRA option/question

Corey Depuy
  • New to Real Estate
  • Pittsburgh, PA
Posted May 30 2020, 07:22

I've been doing some research about rolling over my previous employer's 401k (which is currently stagnant with the same broker) into a SDIRA. I'm reading that all of the typical rules of a retirement fund apply, whereas it cannot be touched until the 59-1/2 age threshold. All funds relating to the REI (both income and expenses) must be tied directly to the SDIRA - no money can be taken for personal use.

This may seem self-explanatory, but does that mean that I will not be able to use this as a means of starting & expanding my RE journey, in hopes of retiring early and living off of the cash flow before the 59-1/2. I'm assuming that model would need to be done with non-retirement fund money (i.e. personal funds, private money, hard money)?

Loading replies...