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All Forum Posts by: Hampton Edwards

Hampton Edwards has started 1 posts and replied 2 times.

Rehabbing & House Flipping

Post: Self Directed IRA (after age 60)

Hampton EdwardsPosted
  • Investor
  • Jackson, MS
  • Posts 2
  • Votes 0

Thanks. Y'all both mentioned taking the distribution, paying the taxes and then investing. So, for example,  taking a $150,000 distribution, paying about 25% in taxes, that would leave  $112,000 to invest. Right?

Would it not be better to roll the $150k into a self-directed IRA , buy a house for $140ish, put the rent back into the IRA and then withdraw an amount from the IRA to add to my three other rental incomes?

Or are the sheltering benefits worth the $38k tax hit? 

0 Votes
Rehabbing & House Flipping

Post: Self Directed IRA (after age 60)

Hampton EdwardsPosted
  • Investor
  • Jackson, MS
  • Posts 2
  • Votes 0

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?

0 Votes