Buying land with my 401K

[socrattt]

Curious if anyone has made the move to a self directed 401k plan with this downward spiral of the stock market as of late. There is an auction I heard about from some friends outside of Reno, not sure if it is distressed or not, but the land seems to be extremely reasonable. Any advice would be awesome. The website is http://www.nvlandauction.com . From results of the last auction this land was selling for less than $1k/acre, which seems to be a pretty fair deal outside an hour from Reno, NV. It seems to be a bit safer investment than trying to find a deal in SD.

[asragov]

I am assuming that you mean an IRA, which was rolled over from a 401k plan, so it is now a self-directed IRA ….

I have always found self-directed IRAs’ fees to be excessive, and compliance a bit of an annoyance, such as:

http://www.penscotrust.com/fees/ira_fees.asp

I have decided personally that it makes more sense to buy large-cap stocks or industry-specific ETF’s (exchange traded funds) because the management fees are low, and it is easy to get in and out.

Everyone’s risk tolerance and investment goals are different, but I would definitely avoid land in the middle of the desert without mineral rights or “regular” water (i.e. not from wells).

Land is so illiquid, and speculative, that it does not seem like it would an investment suitable for almost anyone’s retirement.

[asragov]

I am assuming that you mean an IRA, which was rolled over from a 401k plan, so it is now a self-directed IRA ….

I have always found self-directed IRAs’ fees to be excessive, and compliance a bit of an annoyance, such as:

http://www.penscotrust.com/fees/ira_fees.asp

I have decided personally that it makes more sense to buy large-cap stocks or industry-specific ETF’s (exchange traded funds) because the management fees are low, and it is easy to get in and out.

Everyone’s risk tolerance and investment goals are different, but I would definitely avoid land in the middle of the desert without mineral rights or “regular” water (i.e. not from wells).

Land is so illiquid, and speculative, that it does not seem like it would an investment suitable for almost anyone’s retirement.

[asragov]

I am assuming that you mean an IRA, which was rolled over from a 401k plan, so it is now a self-directed IRA ….

I have always found self-directed IRAs’ fees to be excessive, and compliance a bit of an annoyance, such as:

http://www.penscotrust.com/fees/ira_fees.asp

I have decided personally that it makes more sense to buy large-cap stocks or industry-specific ETF’s (exchange traded funds) because the management fees are low, and it is easy to get in and out.

Everyone’s risk tolerance and investment goals are different, but I would definitely avoid land in the middle of the desert without mineral rights or “regular” water (i.e. not from wells).

Land is so illiquid, and speculative, that it does not seem like it would an investment suitable for almost anyone’s retirement.

[asragov]

I am assuming that you mean an IRA, which was rolled over from a 401k plan, so it is now a self-directed IRA ….

I have always found self-directed IRAs’ fees to be excessive, and compliance a bit of an annoyance, such as:

http://www.penscotrust.com/fees/ira_fees.asp

I have decided personally that it makes more sense to buy large-cap stocks or industry-specific ETF’s (exchange traded funds) because the management fees are low, and it is easy to get in and out.

Everyone’s risk tolerance and investment goals are different, but I would definitely avoid land in the middle of the desert without mineral rights or “regular” water (i.e. not from wells).

Land is so illiquid, and speculative, that it does not seem like it would an investment suitable for almost anyone’s retirement.

[asragov]

I am assuming that you mean an IRA, which was rolled over from a 401k plan, so it is now a self-directed IRA ….

I have always found self-directed IRAs’ fees to be excessive, and compliance a bit of an annoyance, such as:

http://www.penscotrust.com/fees/ira_fees.asp

I have decided personally that it makes more sense to buy large-cap stocks or industry-specific ETF’s (exchange traded funds) because the management fees are low, and it is easy to get in and out.

Everyone’s risk tolerance and investment goals are different, but I would definitely avoid land in the middle of the desert without mineral rights or “regular” water (i.e. not from wells).

Land is so illiquid, and speculative, that it does not seem like it would an investment suitable for almost anyone’s retirement.

[PadreBrian]

op, a lot of that land has zero power and zero water. Running power to most of those spots will cost 10-20k. I know because my dad did his up near reno. I wouldn’t buy that land unless you LOVE it.

[PadreBrian]

op, a lot of that land has zero power and zero water. Running power to most of those spots will cost 10-20k. I know because my dad did his up near reno. I wouldn’t buy that land unless you LOVE it.

[PadreBrian]

op, a lot of that land has zero power and zero water. Running power to most of those spots will cost 10-20k. I know because my dad did his up near reno. I wouldn’t buy that land unless you LOVE it.

[PadreBrian]

op, a lot of that land has zero power and zero water. Running power to most of those spots will cost 10-20k. I know because my dad did his up near reno. I wouldn’t buy that land unless you LOVE it.

[PadreBrian]

op, a lot of that land has zero power and zero water. Running power to most of those spots will cost 10-20k. I know because my dad did his up near reno. I wouldn’t buy that land unless you LOVE it.

[pepsi]

And water will cost you $1K per yard. Hard to believe, but to meet all the environment standards of putting a pipe under ground, you better believe it….

[pepsi]

And water will cost you $1K per yard. Hard to believe, but to meet all the environment standards of putting a pipe under ground, you better believe it….

[pepsi]

And water will cost you $1K per yard. Hard to believe, but to meet all the environment standards of putting a pipe under ground, you better believe it….

[pepsi]

And water will cost you $1K per yard. Hard to believe, but to meet all the environment standards of putting a pipe under ground, you better believe it….

[Author]

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