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Updated over 9 years ago,

Account Closed
  • Investor
  • Harvard, ca
15
Votes |
38
Posts

Escaping a self directed investment account

Account Closed
  • Investor
  • Harvard, ca
Posted

I am in the process of moving several 401k and IRA accounts into a Solo 401k. This is a bitter sweet for me because it means I can begin investing in flips but also mean I cannot be materially involved in the improvement. This is tough for me because I'm a hard core DIYer who cringes at the thought of paying someone to do the same work I can do. Solo 401k investing also means all revenue needs to go back into the account.

This is fine if I'm only interested in long term growth on that account. Not so good if I want to liquidate some of that money or start participating in the flips in a hands on way.

I'm looking for creative ways to transition from my Solo 401k to a less restrictive investment platform. Aside from cashing out a portion or all of that account and taking the tax hit, does anyone have any strategic/alternative suggestions?

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