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Exception to 5 year minimum
Hey Guys,
I have been trying to formulate a strategy in which I can rollover funds into a Roth IRA and withdraw my money to buy some investment properties. The problem is the IRS wants you to wait 5 years from the initial contribution date.
I have considered the self directed IRA but the reinvestment rules get a little complicated. (As if I'm not already deep in the abyss.) I want to be able to use the rental income as often as I want.
Is there a loophole or exception to the 5 year rule that will allow me to withdraw penalty free before 5 years? What strategy do most investors use? Thanks.