SDIRA or Cash out

[Michael Hable]

Hello Investors!

Just finished reading The Self Directed IRA Handbook and recommend it to anyone interested in SDIRA and learning more. I found it to be an easy read concerning a complex topic, well organized with a great level of detail.

The challenge I’m finding is there are TONS of rules and if not followed properly the penalties can be very expensive.

My feelings are if you have $100K sitting in an IRA and under the age of 59 ½ why not cash out and pay the penalties having more flexibility with the cash? Crazy idea!? I understand there is an opportunity for checkbook control with a SDIRA, but by the time you pay the fees of setting up, LLC fees, hassle and numerous restrictions it sounds like it could be a wash.

Anyone ever cash out of an IRA before 59 ½ with >$100,000+ in their IRA to invest in real estate?

Would love to hear your story and thoughts.

Thanks in advance for reading and your comments!

Mike