Ready to save $10k-$50k in taxes this year? Book a call here:
► https://taxstrategy365.com/pod-app
In this episode, I dive into the various strategies for using retirement account funds to invest in real estate. From 401(k) loans to self-directed IRAs and even the little-known 60-day rollover rule, I break down the pros, cons, and tax implications of each approach. Whether you're exploring ways to grow your real estate portfolio or considering tapping into retirement funds, this episode is packed with actionable advice to help you make the right decisions based on your financial goals.
Timestamps:
00:00:00 Intro
00:01:07 Should you tap into retirement accounts for real estate?
00:02:25 Strategy 1: Withdrawing funds (and why it’s risky)
00:05:34 Tax strategies to offset penalties for 401(k) withdrawals
00:07:22 Strategy 2: Taking a 401(k) loan (and why it’s often better than withdrawal)
00:10:11 Potential risks of 401(k) loans during job transitions
00:10:59 Strategy 3: Self-directing your IRA or 401(k) for real estate investments
00:12:51 Limitations and risks of self-directed retirement accounts
00:14:16 Strategy 4: The 60-day rollover rule — a hidden gem for short-term access to funds
00:16:14 Advanced tip: Using the 60-day rollover strategy for married couples
00:17:31 Key takeaways: Matching the right strategy to your financial situation
Want me to answer your questions live? Come to my next Ask Me Anything Q&A:
► https://taxstrategy365.com/pod-ama
Let's connect!
► Instagram: https://www.instagram.com/ryanbakkecpa/
► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/
► Twitter: https://x.com/RyanBakkeCPA
► Facebook: https://www.facebook.com/ryanbakkecpa
► TikTok: https://www.tiktok.com/@ryanbakkecpa
*None of this is meant to be specific investment advice, it's for entertainment purposes only.
