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Updated over 8 years ago on . Most recent reply presented by

User Stats

749
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399
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Dan Krupa
  • Real Estate Broker
  • Phoenix, AZ
399
Votes |
749
Posts

Retirement accounts as collateral?

Dan Krupa
  • Real Estate Broker
  • Phoenix, AZ
Posted

Question for the smart masses. I am catching up on podcast and I listened to episode 55 featuring @Jimmy Moncrief. He stated you could use a retirement account as collateral for an unsecured loan. Does anyone know anything about that process?

Example: A person has 50k in a 401k or IRA account. Instead of cashing out and paying the penalty and taxes could you roll that in a self directed IRA and also use that money to secure a 25k unsecured loan?

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