Using a 403b to invest in real estate
Hello and thank you in advance...
Question. I have been looking to purchase a larger multi unit building and had a question about funding the purchase. I have a 403b with approx 2,200,000. I do not need the money to live on, and only plan on withdraw the money once I have to once I am 70 1/2. My question is, is there a way to transfer some of the money into an IRA then use the IRA to fund the down money for the purchase of the building? I do not want to withdraw the money, as I am in the 35% tax bracket and will have to pay approx $35,000 per/100k withdraw. Any suggestions on this would be helpful.