Stuck with funds in an old employer's 401k? Try this. #shorts

Michael ChangDec 4, 20230m 31s91 viewsScore 75
Growth & Marketing
intermediate
Tax Strategy
Profitability
Investors
M

Summary

AI-generated

This video explains how to use funds from an old employer's 401k to invest in real estate without incurring taxes or penalties. The process involves moving the funds to a traditional self-directed IRA, then converting to a Roth self-directed IRA, which can then be used to buy and sell properties.

Key insights

  • Most employer-sponsored 401ks do not allow direct investment in real estate.

Tools & resources

  • STR Like The Best Communitywebsite

    A financial system to learn

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial