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Updated about 10 years ago on . Most recent reply presented by

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283
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John Hixon
  • Investor
  • The Colony, TX
205
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IRA Investments

John Hixon
  • Investor
  • The Colony, TX
Posted

For along time now I have been putting money into my Roth IRA every year. I was wondering if it would be better to take what money I would put into an IRA and just add that to the money I invest in real estate. The returns are a lot better in real estate but that is taxable as opposed to an IRA.

What are your thoughts?

Thanks,

Most Popular Reply

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,265
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17,872
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@John Hixon

the contributions that you made to your Roth IRA can come out tax free at any time. However, if you pull out earning you will be taxed and penalized if you do this now (I don't know how old are you but looking at your picture you look much younger than 59.5 y.old :-)

You should explore the idea of moving your IRA into self-directed Roth IRA, then you can invest in real estate tax-free.

  • Dmitriy Fomichenko
  • (949) 228-9393
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