All Forum Posts by: Shawn Fletcher

Anyone invested in the ODC "Lonestar Portfolio?

 Spot on Tammy.....spot on!!

Hello,

I'm interested in a property ~30-45 mins outside of Little Rock AR.  Can anyone recommend a good buyer's agent to provide guidance and possibly represent me in submitting an offer and closing the sale?

Thank you,

Shawn

Thanks to all that have replied.  

In 2022 I converted an existing 401K plan from an employer that I was with for ~26 years (company A).  The plan was managed by Fidelity, and I was able to roll it into a new "non-prototype" 401K account with Fidelity that allowed me to continue investing in stocks/bonds, etc. as well as check book access to invest outside the account.  I was thinking/hoping I could withdrawal from this account prior to age 59 1/2. I'm presently 57 1/2 years old.  However, I actually had a different employer for ~3 years after departing the first company mentioned (company B).  From what I understand, the rule of 55 would allow me to access the funds (without penalty) from company B, but not company A.  At this time, I'm still employed as a contractor with company C so I'm thinking the best thing to do is continue working until I reach age 59 1/2 and then I will be free to access my 401K funds penalty free and only having to pay taxes on withdrawals.

Hello,

Can anyone recommend a financial advisor who really knows the in/outs of "the Rule of 55" for early 401k withdrawals"?

Key Points

• The Rule of 55 is a loophole that allows for early withdrawals from workplace retirement accounts.
• You must be 55 or older in the year you leave your job (for any reason) to qualify for early withdrawals from a 401 (k) or 403 (b).
• If you qualify, you can tap your current employer-sponsored account only, not previous retirement accounts or IRAs.

I have a solo 401K and I'm presently working as a contractor (1099 employee). This position may be coming to an end prior to the end of 2023. I'm presently 57, and my understanding is that I can access my current 401K if I'm terminated or if I quit.  I'd like to confirm this, and also understand what happens if I was to start a new job months later.

Thanks for your consideration.

Kind regards,

Shawn

$5K Wow!  I must have had a bullseye on my forehead.  

I'm really interested in the expected content of the training and it includes direct mentoring from J. Maldonado, but the price is making me pause.  

Thanks for all the comments/input.

Hi Leslie,

I had a conversation today with a member of Jerome's Team and was advised the program cost $10K.  Did you learn something similar?

Thanks,

Shawn

Hi Leslie, Did you move forward with RE Developer Training offered by Jerome Maldonado. I've been giving lots of thought buying a lot for build and sale of a SFR, and would like to touch base with like minded folks.

Thank you,

Shawn

Hi Jinhee, thanks for your reply and duly noted. In my specfic case, I'm looking to roll over 401k from previous employer into self directed/solo 401k to allow for more REI options. I will continue in my current W2 job for at least two more years, and that job ties to a separate 401k. Hopefully, my case will be less complicated.

Thanks, Justin. I will be sure to compare across multiple companies.  Your inisight is much appreciated.