401k rollover to self directed 401k or IRA to purchase...

[William R. Matthews IV]

My mom wants me to help her roll her 401k into a self directed retirement fund to purchase rental property. She will be 70 next year and wants to do this before she is required at 70.5 to start taking distributions from her retirement. Does anyone have any suggestions on the difference between transferring the 401k to a self directed IRA or self directed 401k make a difference? If so which is the best and why? Secondly, can this all be done ourselves or do you suggest any firms that specialize in this?

[Ana Adler]

@William R. Matthews IV Consider me your mother's BFF. I am 66 yo, recently retired and opted for a self directed IRA vs Solo 401K. When I learned that managing my existing rental properties did not qualify as a business, I went the SD IRA route and have no regrets. I used Sense Financial @Dmitriy Fomichenko to establish my SD IRA and the custodian is IRA Services Trust - checkbook control was crucial for me. Both are top notch in advice and patience as I also approach the 701/2 witching age. I recommend without hesitation.