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Updated over 8 years ago on . Most recent reply

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29
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14
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Justin Reed
  • Youngsville, NC
14
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29
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Borrowing Against Self Directed IRA

Justin Reed
  • Youngsville, NC
Posted

Hey everyone, I have a 401k from a previous employer that I was planning on moving into a self directed IRA. I just was wondering if you are allowed to borrow on margin with it? I'm sure every place is different but I wasn't able to locate concrete rules from the companies I looked up. My goal would be to use that to invest into real estate. Any thoughts would be helpful. Thanks!

Most Popular Reply

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17,848
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,240
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17,848
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Justin Reed

you can not borrow against IRA, IRS rules do not allow using IRA as a collateral.

  • Dmitriy Fomichenko
  • (949) 228-9393
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