Can I transfer/rollover funds from an existing IRA, 401(k), 403(b), SEP IRA, Roth IRA, Keogh, to a Self-Directed IRA for the purpose of investing in real estate?
Yes. You can choose to transfer/rollover all of, or portions of your existing retirement accounts to an Old North State Trust self-directed IRA for real estate investments. (Most employer sponsored plans such as a 401(k) do not permit a roll over into another type of account while you are still employed. However, in some cases plans do permit a roll over portion of the account balance. See the plan administrator for information on what if any roll over is permitted.) How long does it take to make an investment with a self-directed IRA? It depends on who you are working with. Using a traditional self-directed IRA custodian, it is often difficult to make investments in non-traditional assets, like real estate. Many times, the client does not have any personal interaction with the IRA funds of the traditional self-directed IRA custodian. The client must petition the IRA custodian to make an investment on their behalf. Banks move at a pace much slower than the investment community and it o
Related Questions
- Can I transfer/rollover funds from an existing IRA, 401(k), or 403(b) to a self directed IRA at Equity Trust for the purpose of investing in real estate?
- Can I transfer/rollover funds from an existing IRA, 401(k), or 403(b) to a self directed, for the purpose of investing in real estate?
- How long does it take to transfer an IRA or rollover a 401(k)?
