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Updated about 12 years ago on . Most recent reply
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WTH do I do with my SD401K Cash? Post-Ubit are the SD accounts worth the trouble?
I love having lots of cash in a retirement account, safe from creditors and bankruptcy. But after learning about UBIT, i'm unsure what to do. Ideally at this time I'd like to flip. We're earning 200% annually cash on cash return on our flips (outside the retirement account). From what I'm hearing it's not worth doing them inside an SD account? It seems the safe/best? activity for SD funds is doing hard money deals for others. But, we can't make more than 20% apr on these deals.
Steven Hamilton II please share your infinite wisdom on this. Thanks folks:)
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Who cares if you have to pay UBIT? That is the tax tail wagging the dog. Making more money is good even if you have to pay more taxes.
I like the solo K as the best tax deferred vehicle....for my situation at least. The Nabers Group and Sunwest Trust are good options here.