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Updated over 6 years ago on . Most recent reply

Hampton Edwards's profile image
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Hampton Edwards
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  • from Jackson, Mississippi
  • Member since Jun 20, 2017
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Hampton Edwards
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  • from Jackson, Mississippi
  • Member since Jun 20, 2017
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Hampton Edwards
  • Investor
  • Jackson, MS
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Rehabbing & House Flipping

Self Directed IRA (after age 60)

Hampton Edwards
  • Investor
  • Jackson, MS
Posted

I've seen a lot of info about the self-directed IRA for investors that are under 60, but I haven't found anything (yet) for those of us 60 and over. Is that still the best vehicle to move my 401k into, if I want to invest it into a rental house IF I am going to be using the income from the house for my monthly living expenses?

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Bernard Reisz
  • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
  • from New York City, NY
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Bernard Reisz
  • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
  • from New York City, NY
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Bernard Reisz
  • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
  • New York City, NY
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Bernard Reisz
  • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
  • New York City, NY
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@Hampton Edwards

Another approach to this would be doing a Roth conversion - which would require paying the taxes - but eliminate the required minimum distribution (RMD) issue and allow for subsequent tax free growth.

  • Bernard Reisz
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