Can I purchase property in Belize using my IRA?
Yes, you can purchase real estate in Belize using funds sitting in your IRA, 401(k), Roth IRA or other retirement plan. There is much more flexibility in your IRA than you may think. An IRA is designed to be a self-directed retirement plan.
You are able to use your IRA to purchase virtually any type of property in Belize. This could be raw land, a single family home, condominium, or multiple unit building. The property owned by a retirement plan can be owned partially or fully by the plan and there are few restrictions on the number of partners with whom you can own the property.
Accessing the capital in your IRA for real estate purchases provides a very valuable alternative to stocks. You also get the tax-deferred benefits of IRAs. We'd be pleased to put you in touch with advisors you can help you move forward with your self-directed retirement plan. Just contact us.
