I came across a question in one of the facebook SDIRA groups about required minimum distributions (RMDs) and non-liquid assets. For those of you who don't know, when you get to a certain age (73), you're required to take distributions from your retirement account. The question was about how to take RMDs if all you hold are non-liquid assets like real estate. This was the answer: You can have an asset valued and then distribute a portion of the asset at a time to the owner. The asset doesn't have to be liquidated. They would need to consult with legal to structure the ownership changes considering the asset is going from being owned directly by the IRA and now a portion being owned by the individual owner and IRA until fully distributed. Or they can distribute from other retirement accounts that they have in cash or that are easier to liquidate to meet the year's RMD

I purchased and renovated a property via my self-directed 401k. The plan was to get a nonrecourse loan to cash out refi and rinse and repeat. I’ve run into a little difficulty because of the mortgage fraud that has hit Baltimore and Philly. Lenders are backing out of funding both cities right now. What other options do I have to get cash out of the property and back into my 401K to rinse and repeat?

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Join us tomorrow (Tuesday, Oct 21) at 11 AM (ET) for our weekly Coffee Hour ☕️ This week, I’ll be joined by Joel Landon — a seasoned expert in self-directed retirement accounts who’s been helping people take control of their retirement capital for years. If you’ve ever wanted to understand how SDIRAs or Solo 401(k)s actually work in real life, this is one you don’t want to miss. 📅 Tuesday, Oct 21 at 11 AM (ET)📍 Join via Zoom: https://us06web.zoom.us/j/89036340079

What’s the biggest question or point of confusion you still have about self-directed retirement accounts?