Using IRA for investment property

[Timothy Hopkins]

Purchased my first investment property this year and it is getting me a good return as a single family rental. I have an IRA that is doing well but will not be adequate income at retirement my question is should I cash in my IRA to purchase another unit? The rental income would be more than the income that would be generated from the IRA.

[Carl Fischer]

@Timothy Hopkins

I wouldn’t cash the Ira in. I would open a self directed Ira and buy it in the Ira. I did it 20 years ago and haven’t stopped. I think it was one of the smartest moves I ever made. The gift that keeps on giving.