Transition from TSP to self directed IRA

[Gregory A.]

Hello BP! I have about $30k in my TSP(government 401k for service members) that I am looking to roll into a self directed IRA so that I could invest it into a multifamily real estate deal. How does the logistics of this work? This IRA has not been performing very well as it is so I am looking to move it either into my own self directed or into my new employers matching 401k program. Thanks for the help.

[Dmitriy Fomichenko]

Gregory,  

You have couple options here. You can go with custodial SD IRA, which can be set up relatively quickly but the maintenance cost can be higher depending on the number of transactions you make (there are transaction fees). And since you don't have direct access to your funds there could be delays.

An alternative to that is IRA owned LLC which is known as Checkbook IRA.

And if you are self employed or own a small business owner you can go with truly self-directed Solo 401k plan.