All Forum Posts by: Brett Laycock

Research this. If you're over 59 1/2 you can start taking qualified withdrawals from your IRA. If you use a SDIRA to buy and hold real estate. Rent money goes into the IRA tax deferred. You take your qualified withdrawals out and pay the tax. Here is your income stream. Maybe it would be enough to to satisfy your income requirements.

http://www.vantageiras.com

If you need monthly cash flow yes. If you really don't then you can avoid tax and possible penalties (depending on age) by moving the IRA to a "self directed" IRA account. The rental is actually owned by your IRA, not you.

Check out Vantage IRA's for more info. They are a "custodian" and that's what you'll have to use to make the IRS happy. I use Vantage for my account.

Read all the IRS rules completely to avoid penalties!