Self Directed 401K/IRA w/Checkbook.... Non-Custodial Programs?

[Camellia B.]

Ok so, it's official! Per Drs. orders; after not working; due to an 'On-The-Job' injury, collecting Workers Comp for almost 3 yr I may need/be medically forced from trucking.

My question is: although I only have 118k in my 401K, what are the best programs out there to & for moving my money over and/or withdrawing it completely(Don't care about the fees & penalties, as REI is a better investment) without having a custodian(expense)? Don't want to be charged to use MY money!!!!

Looking to start new LLC and start & fund my new business account w/Navy FCU on January 1, 2018 to give myself a WHOLE year to get up and running before seeing/paying Uncle Sam!

Basically been retired for 2 1/2 years now...... OPINIONS NEEDED as to WHICH direction is BEST!

[Dmitriy Fomichenko]

Camellia,

you don't need to take distribution from your retirement account in order to invest in real estate. You can do so by using self-directed IRA (or Checkbook IRA if you wish to bypass the custodian and avoid transaction fees associated with one).

If you have any self-employment activity then a better option might be truly self-directed Solo 401k plan, with it you can completely eliminate the custodian, gain better protection from creditors, access your retirement funds tax-free via participant loan feature and more.

Income from any investments you make with your retirement account must be going back into the IRA or 401k, you personally can not use it.