February 17th, 2008
You Can Self-direct Your Own Pension Plan
You do not have to be a passive investor with your pension plan. If you have confidence in your current pension plan managers then you should not change anything. If you would rather take an active role in directing your pension plan, here are the facts regarding using your self-directed pension plan to invest in real estate:
Self-directed pension plans can invest in single-family and multi-unit homes, apartment buildings, co-ops, condominiums, shopping centers, office buildings, warehouses, and land. But there are some restrictions:
1. Neither you, your spouse, nor family members (except for siblings) may have owned the property prior to its purchase.