Comments on: How can I use a retirement account to finance real estate? http://www.talkaboutretirement.net/united-states/how-can-i-use-a-retirement-account-to-finance-real-estate/ Issues concerns retirement and retired living Fri, 10 Feb 2012 05:23:23 +0000 http://wordpress.org/?v=2.6.3 By: Your Friendly Jewish Accountant http://www.talkaboutretirement.net/united-states/how-can-i-use-a-retirement-account-to-finance-real-estate/#comment-69 Your Friendly Jewish Accountant Wed, 12 Nov 2008 23:35:50 +0000 http://www.talkaboutretirement.net/united-states/how-can-i-use-a-retirement-account-to-finance-real-estate/#comment-69 Although you can take out a loan for your investment, you cannot use a hardship withdrawal because this is not going to be your primary residence. If it was, you could withdraw for that, the birth of a child, a marriage or higher education expenses. Although you can take out a loan for your investment, you cannot use a hardship withdrawal because this is not going to be your primary residence. If it was, you could withdraw for that, the birth of a child, a marriage or higher education expenses.

]]> By: v b http://www.talkaboutretirement.net/united-states/how-can-i-use-a-retirement-account-to-finance-real-estate/#comment-68 v b Sun, 09 Nov 2008 14:06:42 +0000 http://www.talkaboutretirement.net/united-states/how-can-i-use-a-retirement-account-to-finance-real-estate/#comment-68 In theory you can have your IRA do such an investment, but you have to ensure that your hands do not use the property for personal reasons. (You certainly can't live in or vacation in the property.) the few IRA custodians that will help you do this charge extremely high management fees. In theory you can have your IRA do such an investment, but you have to ensure that your hands do not use the property for personal reasons. (You certainly can’t live in or vacation in the property.)

the few IRA custodians that will help you do this charge extremely high management fees.

]]> By: Insurance Biz CT http://www.talkaboutretirement.net/united-states/how-can-i-use-a-retirement-account-to-finance-real-estate/#comment-67 Insurance Biz CT Sat, 08 Nov 2008 08:03:11 +0000 http://www.talkaboutretirement.net/united-states/how-can-i-use-a-retirement-account-to-finance-real-estate/#comment-67 You can take a loan against a 401(k), if you have one. You can cash in IRAs, but you will have to pay tax plus a penalty, if you are under 59-1/2. There are no provisions to the law that allow you to take the funds from an approved account and invest it in real estate because you believe it is a better investment. You can take a loan against a 401(k), if you have one. You can cash in IRAs, but you will have to pay tax plus a penalty, if you are under 59-1/2. There are no provisions to the law that allow you to take the funds from an approved account and invest it in real estate because you believe it is a better investment.

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