Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply
Rolling annuity into self directed IRA
My mom has an annuity w/ about 40k. She is telling me that is my inheritance. Its currently in a fixed annuity and can barely keep up w/ inflation. I want to use those funds for a deal. I am new to the self directed IRA thing
1. Can her existing annuity be rolled over into a self directed IRA w/o issue?
2. Would it be better to fund the deal as if I was her or use the funds as "private money"?
any feedback is appreciated.
Most Popular Reply
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
- 6,242
- Votes |
- 17,850
- Posts
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
Alex,
you can rollover those funds into self-directed IRA only if it is a qualified annuity (an annuity held inside of an IRA).
If you were to do so you must remember that you are considered to be a 'disqualified person' to your mom's IRA so the funds can't be invested in your deal nor can you borrow from her IRA.
- Dmitriy Fomichenko
- (949) 228-9393
