I want to use my 401k money to invest in real estate. The plan I have does not have in service distribution. What are my options, if any?

Asked by Robert

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Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
A 401k is an employer sponsored plan and the guidelines for employee investments are limited by the plan. If you really want to invest in real estate and it is not an approved investment, there are (2) options:
1. Check to see if there is a "Brokerage Option" which may give you access to pull the funds into a self managed IRA (this is somewhat rare).
2. Termination-separation from service will allow you to roll the funds to an IRA. | 03.02.15 @ 20:28
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$commenter.renderDisplayableName() — {comment} | 12.08.16 @ 00:16
Answered by Pavel Gerasimchuk, Financial Adviser in Spokane Valley, WA
Great question, I'd like to assist you with that, but I have a few questions for you. I have many years of experience working as a Realtor. Please contact me. Thank you | 03.03.15 @ 21:10
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$commenter.renderDisplayableName() — {comment} | 12.08.16 @ 00:16
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