Yes, you can use your IRA, 401(k), Roth IRA or other retirement plan to purchase property in Nicaragua. An IRA is designed to be a self-directed retirement plan allowing a great deal of flexibility.
Virtually any type of property is eligible for purchase using funds in your IRA including raw land, serviced lot, a condominium, single family home or multiple unit building. The property can be owned fully or partially by the plan and there are few restrictions on the number of partners with whom you can own the property.
Recent years have seen a growing number of investors in Nicaragua purchasing property using the capital in their IRA. It offers a valuable alternative to stocks and you also get the tax-deferred benefits. However we recommend discussing your plans with your financial adviser.