Hi friends! KFan back, finally. Now that I’m switching jobs, I’ve got a 401(k) to roll over somewhere.
Now I KNOW Jeremy’s rules (live below your means, buy and hold index funds early and often). But I’m interested in the overlap between self-directed IRAs and my other financial hobby of dabbling in real estate. Assuming I did want to break PFC rules, what should I know about self-directed IRAs?
- Can I split my $70k 401(k) roll-over, say, $50k back into index funds and $20k into a self-directed IRA? Or does the total amount have to stay together?
- What should I look for in a self-directed IRA account? Are there management fees involved, and if so, how do I find the lowest one? Are they all bullshit?
- What questions should I have that I don’t yet know about?