Comments on: Self Directed IRA/401k vs. 1031 and other conventional RE tax strategies http://www.jeffnabers.com/2008/06/24/self-directed-ira401k-vs-1031-and-other-conventional-re-tax-strategies/ The No-B.S. Guide to Building Real Wealth in Your Self-Directed IRA or Solo 401k Sat, 17 Dec 2011 03:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: admin http://www.jeffnabers.com/2008/06/24/self-directed-ira401k-vs-1031-and-other-conventional-re-tax-strategies/comment-page-1/#comment-8990 admin Mon, 19 Apr 2010 18:40:03 +0000 http://nabersgroup.wordpress.com/?p=85#comment-8990 Ric, You can't live in a house you buy with 401k funds. Your 401k is for investment purposes. Jeff Ric,

You can’t live in a house you buy with 401k funds.

Your 401k is for investment purposes.

Jeff

]]> By: Ric Secor http://www.jeffnabers.com/2008/06/24/self-directed-ira401k-vs-1031-and-other-conventional-re-tax-strategies/comment-page-1/#comment-8828 Ric Secor Sat, 17 Apr 2010 18:16:47 +0000 http://nabersgroup.wordpress.com/?p=85#comment-8828 Jeff, I am looking at a 401k rollover from my old employer of around 125k and buying a home (investment) to live in from now (I am 51) until retirement. This 125k would allow me to not have a mortgage and some leftover. Questions; 1. would I have checkbook privledges to pay taxes with? 2. do I need to make it a solo 401k? 3. can I live in the house? 4. protected if I ever needed to do chapters 7 or 13 ? Thanks, Ric Jeff,

I am looking at a 401k rollover from my old employer of around 125k and buying a home (investment) to live in from now (I am 51) until retirement. This 125k would allow me to not have a mortgage and some leftover. Questions;
1. would I have checkbook privledges to pay taxes with?
2. do I need to make it a solo 401k?
3. can I live in the house?
4. protected if I ever needed to do chapters 7 or 13 ?
Thanks,
Ric

]]> By: admin http://www.jeffnabers.com/2008/06/24/self-directed-ira401k-vs-1031-and-other-conventional-re-tax-strategies/comment-page-1/#comment-4805 admin Sat, 06 Mar 2010 07:09:01 +0000 http://nabersgroup.wordpress.com/?p=85#comment-4805 Charley, You <a href="http://www.jeffnabers.com/2008/07/24/coinvesting-with-your-plan-partnering-with-disqualified-persons/" target="_blank" rel="nofollow">can't partner</a> your non-plan funds with retirement plan funds. As for the "outside method," it's not a method of investing, it's a method of spending money. If you're looking to do something tax advantageous, the "outside method" is the opposite. There's an elaborate case study in <a href="http://www.amazon.com/STEPS-FREEDOM-Dependence-Institutions-Financial/dp/0982431309" target="_blank" rel="nofollow">my book (5 Steps To Freedom)</a> that you may want to check out. The rest of the book may well give you some ideas on a productive train of thought that gives you profitable strategies that are tax-favorable. :-) Jeff Charley,

You can’t partner your non-plan funds with retirement plan funds.

As for the “outside method,” it’s not a method of investing, it’s a method of spending money. If you’re looking to do something tax advantageous, the “outside method” is the opposite. There’s an elaborate case study in my book (5 Steps To Freedom) that you may want to check out.

The rest of the book may well give you some ideas on a productive train of thought that gives you profitable strategies that are tax-favorable.

:-)

Jeff

]]> By: Charley O'Shea http://www.jeffnabers.com/2008/06/24/self-directed-ira401k-vs-1031-and-other-conventional-re-tax-strategies/comment-page-1/#comment-578 Charley O'Shea Tue, 09 Feb 2010 16:26:42 +0000 http://nabersgroup.wordpress.com/?p=85#comment-578 Hi Jeff, I just got laid off and someone approached me re rolling over my 401k funds (about $40K) into a real estate IRA. I want to purchase a residential home and pay for it in full with my 401k funds and my savings account so I don't have to worry about mortgage payments. Can I do this? I have a house now but I can no longer afford the mortgage payments and the value has depreciated 50% and I'm also thinking of filing for BK. My 401k funds and savings money ($25k) is all the money I have and I don't have a job. I can't afford to make a mistake with my remaining cash as I am 52 yrs. old. The reason I'm asking is because I am not familiar with self-directed IRAs particularly this type of investments. Do you mind enlightening me? How does the self-determined/outside method work? I also I would really appreciate any assistance. Thanks. Charley Hi Jeff,
I just got laid off and someone approached me re rolling over my 401k funds (about $40K) into a real estate IRA. I want to purchase a residential home and pay for it in full with my 401k funds and my savings account so I don’t have to worry about mortgage payments. Can I do this? I have a house now but I can no longer afford the mortgage payments and the value has depreciated 50% and I’m also thinking of filing for BK. My 401k funds and savings money ($25k) is all the money I have and I don’t have a job. I can’t afford to make a mistake with my remaining cash as I am 52 yrs. old.

The reason I’m asking is because I am not familiar with self-directed IRAs particularly this type of investments. Do you mind enlightening me? How does the self-determined/outside method work? I also

I would really appreciate any assistance.

Thanks.
Charley

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