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Updated over 9 years ago on . Most recent reply

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9
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1
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Brian K.
  • Southgate, MI
1
Votes |
9
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previous employer 401k

Brian K.
  • Southgate, MI
Posted

what would the best way to invest money from previous employer 401k so that I could use it in REI

Most Popular Reply

User Stats

21
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13
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Vanessa Pham
  • Anaheim, CA
13
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21
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Vanessa Pham
  • Anaheim, CA
Replied

@Brian K.

Since the 401(k) is with a previous employer, you can roll it over into a self-directed IRA or Roth IRA. Then you can use the funds to invest in real estate, or almost any type of investment.

If you are self-employed, you can also consider the self-directed Solo 401(k) plan option. This gives you higher contribution limits, loan option, and the ability to use non-recourse financing tax-free. There are many topics on BP about both the self-directed IRA and Solo 401(k), you can do a quick search and see what others recommend.

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