Getting Money out of a Simple Retirement Plan

[Nate Crump]

I have a question on behalf of a friend who isn't a member here. He is a small business owner, so he has money socked away in what he told me was called a "Simple Retirement Plan". I don't know much about those things, but I guess it's different than the 401k or IRA you might have as an employee.

The obvious answer is "consult your accountant", but I wanted to pose the question here. He wants to know if there is any way to roll this money into something where he can then use it for real estate. He currently has some rentals as is, and would like to know if there is any way possible to use that money without paying the penalty.

Thanks for any help or direction.