Updated almost 3 years ago on . Most recent reply
Self Directed IRA Funds
Recently, I heard that you could take your 401k and transfer it to a self directed IRA to use for real estate. You would need to invest in a LLC to do this. However, I was in the process of transfer my 401k to a SDIRA and Fidelity told me that the LLC has to be publicly traded. Has anyone been able to do this? How does it work?
Thank you,
Kenneth Bentley
Most Popular Reply
I think the person you spoke with might not have been fully informed. I transferred some of my IRA funds that were held in a Fidelity account to a SDIRA custodian (AdvantaIRA) . I set up a separate LLC and a separate bank account. The folks at Advanta held my hand all along the way, they were terrific. they have lots of educational videos as well.