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Investing with IRA or 401k going away?
I just heard that in the reconciliation bill that may soon be passed, there are several major changes regarding real estate coming. Specifically, you would not be able to invest IRA or 401k money (including self-directed) into ANY NON-REGISTERED SECURITY, which is what most real estate is. Further; if you have invested your IRA or 401k money into any non-registered security, you must "dispose" of it by December 31, 2023. It's in House reconciliation bill sec. 138312 and 138314. Not law yet of course but seems like a major change coming. Thoughts?