All Forum Posts by: Fred Robertson

Kevin, Thanks for the reply. My CPA has told me that i can move it from the inherited to my personal IRA, but I am struggling to believe that he is correct. The reason I say that is because, the IRS requires distributions (RMDs) in order to have the taxes get paid on that money eventuallyl. This was my deceased mother's IRA and she was past the age of 75 when she died. I've been taking RMDs each year as required, and to think that now I am allowed to empty the remainder of the account and move it into my personal IRA without paying taxes on the distribution.....well, that seems to generouse to be true from the IRS....

Does anyone know if I can take a withdrawal from an inherited ira and within 60 days send the funds to be added to an existing IRA I already have?

I do private lending in a self directed IRA with Equity Trust Company as my custodian. Often, I am not able to keep all of my ira funds invested in active loans so I would like to be able to keep the money that is not invested in loans in a liquid "money market" type of fund on a temporary basis. My goal would be to be able to access those funds fairly quickly if more lending opportunities become available. Does anyone know of a money market mutual fund or a fixed income fund that could be used for this purpose within my Equity Trust IRA?

Thanks for the reply Bruce.   I'm thinking that repairing the plumbing leaks and getting the soil dried out could be a permanent solution.   All the other houses on the street seem to be fine.   I don't think any water is coming into the crawlspace other than the plumbing leaks in pipes running under the house.    I just trying to estimate how long it will take the the heaving to settle once I repair the leaks so I can start rehabing the house.   i.e. paint, flooring, cabinets, tile, etc.  

Anybody have any experience with a heaving foundation in the center of a pier and beam house?   There was a plumbing leak in the crawlspace under the house and is causing the high clay content soil to heave.....causing a 3-4 inch rise in the middle of the house flooring.   I'm wondering how long it takes for the heaving to settle back down after repairing the plumbing leaks under the house.   I cannot start any rehab repairs until I get this done and wondering if Im going to have to wait a few weeks or many months?   Anybody got any ideas on this?