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Self-Directed IRA option/question
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)?
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A self-directed IRA is an individual retirement account that gives you complete control over your investment choices. Unlike other IRAs, you're not limited to stocks, bonds, or mutual funds. This means you can take advantage of investing in alternative assets - such as real estate, LLCs, mortgage notes, precious metals, and tons of other alternative assets.