Rodney G asked:


I am interested in using my retirement funds to purchase a new beach property while prices are down and I believe that within 10 years that investment will be much better than stocks bonds etc.
I was told by another person not on this forum that the funds could be transferred into a “profit sharing plan” and from there could be invested in whatever manner the manager sees fit. The plan would be a corporation and as long as the manager (me) did not use the property for other personal things and any rents were paid directly to the plan that this would be a qualified investment> any thoughts?

VANCE

nobleinvestments asked:


I am nearing retirement and have about 25k in untaxed money in a retirement account through my employer. I am looking for a way to roll it over tax free and still keep investing it safely but have access to it as needed with no withdrawal penalties. Is there a way ??

MORGAN

MEGAMANIA asked:


I’m employed with the local public school system. I began working for them eight years ago. Through my employment, I have been having an amount deducted from my check to be placed in a retirement account through the school system. The system has been adding funds to it as well, but what I am concerned about is the part I have been contributing.

I have decided to leave my job and stay home with my kids full-time. Since my retirement account is not a 401K, it can’t be “rolled over”. So, I am assuming the school system will have to return my retirement contributions to me, minus what they have contributed and local taxes. Am I correct? If so, will this amount automatically be federally taxed, or will I have to report it on my next tax return?

I’m so confused! I don’t want to call my employer to ask these questions if I can help it, because I don’t want it to sound like I’m more concerned about my money than all they have done for me over the past few years.

HAYNES

Michele L asked:


If I have a retirement account, say a 401k or an IRA, can I use those funds - not to borrow - but as an investment in a mutli-tenant residential apartment complex that I will be leasing to unrelated tenants to derive income? How is this done? Who do I talk to about the details?

HOUSE