Rolling your IRA or 401(k) into Real Estate
When it comes to getting a handle on your retirement your first priority would be to roll your IRA or 401(k) plans into a truly self directed type of account. One that let’s you handle all forms of investments…real estate, stocks, bonds, mutual funds and any other form of qualified type of investments.
The process for rolling your IRA\401(k) plan is simple and painless. Usually the process take only a few days to a week once your old custodian releases your funds and terminates your account.
One item for note is you never want to go through the transfer process. I repeat never transfer funds. Always perform a rollover when executing this transaction. The holding custodian usually will put up a fight because they don’t want to release your funds. (It shows a loss in their books).
Once you perform a rollover your funds can be transferred in one of two ways. Either you roll your existing assets over into the new account provided they are transferable or you cash out the perform the roll over.
With corporate American placing the responsibility of financial management on employees your obligation to build a sizable nest egg is up to you. Just like Mom said “it’s your fault if you leave this table hungry.” I say “it’s your fault for not knowing your financial needs and goals long before you ever reached the point in your life where it mattered.”
It’s not always your fault things happen you took to much risk, you didn’t save enough or at all. Whatever your unique situation may be at this current time you can still change it. The game is only over when you give up or die.
Remember the saying of the Marines “we don’t accept applications; only commitments.” are you committed to mastering your financial life and all aspects of living or are you throwing in the towel? No matter what the choice you make you still have to sleep in your own bed. Commit or throw it in, tough choice isn’t it.
When you choose to roll over your IRA/401(k) plan into real estate you have chosen to fight. You’re willing to do whatever it takes to master your financial future and master the quality of your life. You have all of the ability you need to change you circumstances for your benefit.
Besides rolling your finances over you are simultaneously turning over a new leaf in life. Your in control not just of your financial outcome you have the ability to grow your education and get more involved. It’s my belief that everyone should have a masters degree in finance unfortunately most of us have a PHD in not managing our most important areas of life.
I’ll leave you with this one golden nugget of information. Just like the stone dropped in a calm lake, the ripples reach from shore to shore. As a butterfly flaps its’ wings the effect can be hurricane forces across the globe. So your changes rather they are big or small will have the same effect as the stone or the butterfly.
Ripples on the water or gale force winds over the sea, your changes will impact every facet of your life. Roll your IRA over into tangible, manageable investments and seek out the advice you need. Always be in control and in the drivers seat, when it comes to you and your life.
If you enjoyed this post, make sure you subscribe to my RSS feed! 
Related Posts - Back In The Business of real Estate and Mortgages To my loyal readers I have made the switch to add mortgage and real estate services back into the mix of products I provide. I am still very much into the land banking business. As a real estate investment coach it is imperative that I take advantages of the current......
- Credit crunch or credit chaos what does it mean for you Chaos is in the air all around us, economic crisis, mortgage industry meltdown, global markets in turmoil and in the midst of change and economic change and recovery action plans another crisis is underway. While our country is amidst change our credit card lenders, mortgage lenders and banking systems are......
- The only investment you will ever need. Featured in todays Money magazine. An article that clearly states the sad state of affairs in our financial planning community today. According to these 7 stocks you must own the average rate of return is huge. A whopping 5.1% per year average across the 6 out of 7 stocks picks......
- The Ultimate IRA report Part 5 The Ultimate IRA Report Welcome to the latest version of the Ultimate IRA Report! The Ultimate IRA Report is a key resource for successful investors, with content generated from Equity Trust's wealth of experience and expertise in providing tax-deferred and tax-free profits through self-directed IRAs. If you......
- Can you roll your retirement plan into a self directed IRA? Have you ever considered a real estate purchase to fuel your retirement account? There are several plans that are ready to house real estate. Does your plan have the capabity? 1. A traditional IRA as many benefits. ( the tax benefits are incredible). 2. SEP IRA's. 3. Roth IRA's (tax......
Related Websites - Renters Losing Their Homes Over Mortgage Foreclosures Think just the people who bought homes are losing theirs in this crisis? Think again. Renters are now finding themselves homeless after investors are upside on loans they cannot pay back - meaning rentals are now being foreclosed on. Analysts say international speculators and private-equity firms took on mortgage payments......
- The IRA Two Step There's a recurring question regarding whether one should rollover a 401(k) from a previous employer to an IRA account (or to the new employer's 401(k)) or leave it in the original account. One new variable that comes into play is the ability to convert one's IRA to a Roth IRA,......
- Self-Directed IRA: Finding a Custodian For Self-Directed Individual Retirement Account (IRA)Part 3 [/caption] This is Part 3 of a Multi-Part Series on Investing with Self-Directed retirement accounts. In order to be able to participate in the type of "creative" investments mentioned in the last article - things like mortgages, real estate, businesses, etc. - with your tax-sheltered retirement funds (Roth and Traditional......
- Asset Allocation with a twist or why you should keep 25% of your assets in cash A lot of professional money managers will quote some nobel prize winning economist theory about strategic asset allocation.[For the record, Harry Markowitz won the nobel prize in 1952 by showing that in the long run, investors make more money by investing in assets whose prices don't have a lot of......
- Converting Your 401(k) to a Roth IRA [The article below is from Dollar Guides. Dollar Guides is a paid directory of financial resources. I haven't looked at or used many of those resources and can not recommend them one way or the other.] As most of us know, your 401(k) is a retirement plan that many employers......
Tagged with: finances • financial management • land banking • loyalty • money management • real estate • roll over ira • roll your ira
Filed under: Retirement • Uncategorized • education • money management • real estate investing
Like this post? Subscribe to my RSS feed and get loads more!
