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Updated about 1 year ago on . Most recent reply
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401k to Self Directed IRA
Hey BP,
I work a traditional 9-5 and I have a pretty healthy 401k. I stumbled upon the SDIRA while researching different financial vehicles and now I’m curious. Ideally I would like my 401k to be a pass through account so I get my employer’s match. My dream is once I am paid, the money hits my 401k, gets matched, and then feeds into my SDIRA. Then I can use the SDIRA monies to purchase real estate. Is this process possible? If so, how do I get started?
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Quote from @Gabe Bouldien:
Hey BP,
I work a traditional 9-5 and I have a pretty healthy 401k. I stumbled upon the SDIRA while researching different financial vehicles and now I’m curious. Ideally I would like my 401k to be a pass through account so I get my employer’s match. My dream is once I am paid, the money hits my 401k, gets matched, and then feeds into my SDIRA. Then I can use the SDIRA monies to purchase real estate. Is this process possible? If so, how do I get started?
@Brian Eastman is correct and I will add that outside of being 59.5 there are some (though super rare) employer plans will allow you to roll over some or all of the funds in your 401k. Chances are slim but can't hurt to ask. Of course, the fix is to make them a former employer....