All Forum Posts by: Andrew Pettit

Evening BP,

I am thinking about getting my RE license in VA; the only problem is that I am an active duty Marine. I want to get the industry now, and I can't wait until I retire and want to hit the ground running any advice?

Thanks, BP.  

Ha-ha, Marines are not ashamed of looking dumb.

Last question Paul, I have monies sitting in the account now but have not executed a trade. I still rate the deduction as long as the monies stays in the IRA account correct?

Thanks for everyone’s advice.

Thanks Mr. Allen. Just to be clear I make 53,000 dollars from my W-2 and gross 45,900 but pocket about 7,000 a year after all expenses. So, MAGI is 60,000? I am not taking into account the gross income when it comes to MAGI, correct?

Good Evening BB,

I have placed the maximum contribution for 2019, into a traditional IRA to maximize my tax deduction. My first question would be that while I have not purchased any securities with my IRA monies, it just sitting there in the account; I am still able to claim the $6,000 deduction as long as I don't move it, correct? Also, being that I am in the military my W-2 income will be 53,000 and my rental income will be 45,000 gross and $5,500 net income. Do I still qualify for the maximum tax deduction?

Thanks Andrew. 

Thanks, Stephanie I appreciate it. I got the Political Science major because of the possibility of going to be a congressional aid, this is something I can do while on active duty. Also because I serve in the Executive Branch it is good to know how the government works, but finincae is the most 'marketable' when I retire. 

Thanks Sean I appreciate it. 

Hey James, thanks for the feedback. I am an active duty Marine living in Quantico VA and I am done with my BA in Political Science as well as my two minors, in finance and business management. Right now I am thinking of just getting into the real estate industry part-time in VA. I just don't want to waste my time.

Thanks for the advice, I appreciate it. 

Thanks, everyone I really appreciate your feedback. I am now looking into getting my Real Estate License in VA.