Can I use my coorporate pension and profit sharing money to invest in real estate? - with profits pensions
I have money in the participation of pension benefits in a business that I have, and I want to invest in real estate without paying penalty. I currently live in California (if there is a problem or not).
Friday, January 8, 2010
With Profits Pensions Can I Use My Coorporate Pension And Profit Sharing Money To Invest In Real Estate?
3 comments:
If "corporate pension" plan shows a defined benefit pension plans, then the answer is no. Assets in these plans are invested in a trust if the investment is made by the plan administrators. Participants entitled to benefits under plan, but not to a share of total assets.
If the "benefit sharing" is a defined contribution plan like a 401k, the answer is maybe. Contributions to these plans into their personal accounts, which they then have the right, when you wish to invest, subject to the available options in the plan. You are responsible for their own money, but you can invest the available funds in the plan.
Thus, if the plan offers a real estate investment trusts, or REITs (Real Estate Investment Trust) as an investment option that could decide the allocation of certain assets of the Fund. You want the investment options you plan to watch carefully to ensure that you understand what you are investing in
However, if you're thinking: "I have U.S. $ 300,000 in my profit-sharing accountst. I think I'll retire and purchase a vacant lot in Santa Barbara. "You can not do that. The money in the scheme should remain in the plan. The closest we can achieve this objective, is against its plan to borrow the money to benefit-sharing (some plans offer to use the same), and money for a deposit.
If "corporate pension" plan shows a defined benefit pension plans, then the answer is no. Assets in these plans are invested in a trust if the investment is made by the plan administrators. Participants entitled to benefits under plan, but not to a share of total assets.
If the "benefit sharing" is a defined contribution plan like a 401k, the answer is maybe. Contributions to these plans into their personal accounts, which they then have the right, when you wish to invest, subject to the available options in the plan. You are responsible for their own money, but you can invest the available funds in the plan.
Thus, if the plan offers a real estate investment trusts, or REITs (Real Estate Investment Trust) as an investment option that could decide the allocation of certain assets of the Fund. You want the investment options you plan to watch carefully to ensure that you understand what you are investing in
However, if you're thinking: "I have U.S. $ 300,000 in my profit-sharing accountst. I think I'll retire and purchase a vacant lot in Santa Barbara. "You can not do that. The money in the scheme should remain in the plan. The closest we can achieve this objective, is against its plan to borrow the money to benefit-sharing (some plans offer to use the same), and money for a deposit.
Helped Hello, my people, who have pensions, but there are different and I think some people may not agree, so do not know what you have.
To browse real estate is on my website. I am also in California. My site is free, of course.
Post a Comment