Differences

What is the difference between 401K (Employer plan), 401K Rollover and Self-Directed Real Estate IRA?

401K (Employer) Plan - Employer plans are controlled and directed by the employer and/or plan administrator. If you have a 401K with your current employer, check with your plan administrator to determine if real estate purchases are allowed.

401K Rollover - 401K Rollover comes about when you have retired or left your place of employment. In order to use the 401K funds, you must roll them over to a Self-Directed IRA.

Self-Directed Real Estate IRA - A Self-Directed IRA allows you to place retirement funds into real estate. If your current custodian does not allow the purchase of real estate, then you simply choose an administrator that does allow the purchase of real estate in your IRA. Southern Financial Services can be the plan administrator and/or the Self-Directed IRA Custodian. Self-directed plans allow you to direct and control the investments.