All Forum Posts by: Jeffrey Dixon

If you move the money to an IRA, you cannot take a loan from it.

Custodians are allowed to close accounts and distribute assets. It is doubtful that Equity Trust would agree to re-open it. You are allowed to put the assets back into an IRA as long as it accomplished in 60 days and you have not done this with any IRA in the past 12 months. You would need to talk to different custodians and see if one is willing to take the assets. They will need to be re-titled into your name and then re-titled to the new IRA custodian. The custodian may require to review the assets before they accept them. They may want to know why the assets were distributed.

She should not pull the money out. She would have the IRA be the lender.

The IRA property can only be covered by an insurance plan taken out in the name of the IRA.

Ro\th IRA funds cannot be moved to a 401k

You can pull Roth contributions out anytime with penalty. However, you could open a Self-Directed Roth and make the investments inside a retirement plan. 

It is important to understand that while an IRA can buy and hold real estate, this is not a business you are running under your name. The investments are titled in the name of the IRA. Profits go to the IRA, expenses for the properties are paid for by the IRA. You cannot use an existing business you own to provide services for these properties and neither can close family members.

If you have a Roth IRA, those funds cannot be moved to a Solo 401k, only to another Roth IRA.

Noting happens when you turn 65. At age 72, you have to start taking Required Minimum Distributions from the IRA. You can sell the property to a 3rd party, not yourself or other close family members. You could not gift it to your children. You could make the beneficiaries of the IRA and they would inherit the land when you pass. You could get an appraisal of the land and take that a lump sum distribution from the IRA and pay taxes on the amount distributed.

If the money you receive is from a retirement fund, then you can move those to a Self-Directed IRA and possibly a Solo 401k. You will not be taxed as you are moving the money from one qualified plan to another retirement account. These types of accounts can allow you to invest in real estate. You need to confirm the custodian will agree to hold rental property. Some brokerage firms advertise they offer self-directed IRAs but when you speak with them, you find out they limit you to the stock market.