Newman Asset Management Blog

Or is a self-directed just a regular IRA account?

Hi, I read your answer for Ira self directed Accounts?
Now, my question is if an open A self directed account to buy real estate, What about the lending process? Who obtain the loan, the person or the Ira account? Any special loan program??
reply

Can I have an IRA and also a 401K plan at the sametime?

I am planning on getting a Traditional IRA plan so I can put away 00 tax free for this year. However, my company may possibly introduce a 401K plan soon.

If I invest 00 in an IRA account this year, and if my company introduces a 401K plan a little later this year, am I allowed to contribute to both IRA & 401K plans in the same year?

FYI, my filing status is married filing jointly and my wife has a 401K plan at her work place.

Would appreciate any guidance here. Thanks.