Has your 401(k) dwindled down to levels you never thought were possible? Are you invested in things you know nothing about? With a self-directed IRA you can invest where your expertise lies. If you are a real estate investor you can use your retirement funds to purchase real estate. There are even non-recourse loans available to leverage your IRA. Typically the downpayment is at least 30% put there are no credit requirements and debt to income is not considered. Why? Because you are not purchasing the investment property your IRA is.
In order to self-direct your IRA or do a 401(k) rollover you must use a custodian to keep your investment in a tax deferred (or tax-free if it is a Roth) status. Provident Group is a custodian for these self-directed IRA funds.
Filed under: 401(k), 401(k) rollover, self-directed ira | Tagged: 401(k), 401(k) rollover, custodian, IRA, retirement account, self-directed ira, tax deferred, tax free
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