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Updated over 8 years ago on . Most recent reply

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7
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Keenon Moorman
  • La Vergne, TN
2
Votes |
7
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using 401k for investing

Keenon Moorman
  • La Vergne, TN
Posted

looking at having to roll over a 401k as its been time. I was looking more into using rolling it into a check book control SEP.  Does anyone have any experience investing in this manner that can provide any pointers?

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Dmitriy Fomichenko
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,234
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Dmitriy Fomichenko
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Keenon Moorman if you are willing to pay the taxes now consider even better alternative:

Instead of taking the distribution and paying taxes + penalties, convert your pre-tax retirement dollars into Roth and invest in trust deeds. Often you can get 10-15% return on your money, all of that will be tax-free at the end. Invest in rentals with your personal savings and use your IRA to diversify in trust deeds, this would be a wise things to do to spread your eggs in a different basket.

  • Dmitriy Fomichenko
  • (949) 228-9393
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