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Updated 8 months ago, 04/10/2024
self directed IRA
hello friends, I have an old traditional IRA from my first job that is sitting in a local bank since early 2000s. it has about 40k
I now have a W2 salaried job for 20yrs where I've participated in a employer run 401k i think with John Hancock. Id love to roll the old IRA into real estate. Any suggestions on how to get the old 40k IRA available to use as a down payment into real estate?
Ive been reading about SEP IRS self directed IRA and 401 k but seems to be for self employed people. any idea how to re-allocate my ira into real estate investments???
my accountant doesn't seem to think its possible