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Updated about 6 years ago on . Most recent reply

User Stats

103
Posts
35
Votes
Chris Da
  • Real Estate Investor
  • Phoenixville, PA
35
Votes |
103
Posts

Using a 403b to invest in real estate

Chris Da
  • Real Estate Investor
  • Phoenixville, PA
Posted

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.

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