| Self Directed IRA - Good or Bad idea? |
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feodog
New Member
Cash: $ 1.70
Posts: 8
Joined: 06 Jan 2008
Location: california
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| Self Directed IRA - Good or Bad idea? |
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I have some 401K mony to move and wanted to consider a Self Directed IRA in order to deverisify.
Thoughts and reommendations would be greatly appreciated.
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Sun Jan 06, 2008 7:33 am |
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feodog
New Member
Cash: $ 1.70
Posts: 8
Joined: 06 Jan 2008
Location: california
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Thanks Coaster.
I thought it was complicated but thought it was just me. I did want to see if I could use for RE investment but I may have to defer for now.
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Sun Jan 06, 2008 11:20 pm |
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pf101
Senior Member
Cash: $ 62.25
Posts: 311
Joined: 12 Sep 2007
Location: Portland, OR
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I strongly suggest against doing a self directed IRA (which you intend to hold RE in) unless you have a LOT LOT LOT of money. Absolutely every penny having to do with that property must come from the IRA which can get nasty if there's a big problem.
Personally I think they're too expensive, too restrictive and just too darn complicated to be worth it.
Personal Finance 101
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Mon Jan 07, 2008 5:45 am |
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feodog
New Member
Cash: $ 1.70
Posts: 8
Joined: 06 Jan 2008
Location: california
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thanks PF101. I'll be taking that advice.....now where to move it will be the next question. I should probably close out this thread and post again.
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Mon Jan 07, 2008 4:06 pm |
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