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Results (2,658+)
Micah Watson Rolling Retirement Fund into Real Estate Fund
16 February 2019 | 4 replies
I found out today that until March, I have a one-time opportunity to access my account to withdraw or roll over into an IRA, and pay some sort of penalty.
Darlene Oliver Buying Subject to a Lease, which is being Violated
20 February 2019 | 4 replies
most contracts have mandatory non binding mediation clauses for EM disputes.. you need to back out during your due diligence period or extend it if your not getting the info you need to make a decision.if you waived your due diligence then you can bring these things. up.Keep in mind your EM is at the lawyer if your east coast or title and escrow in those states and cannot be release without both parties signing. so just dont sign the release and go to non binding mediation.. usually at that point you split the baby down the middle is my experience.. if you dont settle there then its cost more money to litigate further.. but you dont need to just roll over.
Steve C. CA land investment with 401K
15 March 2019 | 4 replies
It was suggested to use money after rollover 401K to IRA account. 
Ben Leybovich 117-Unit Value-add in Phoenix Closed Today
4 January 2022 | 109 replies
Congrats on great execution to date.Also, I’m having a tough time finding an explanation for the LTL/Rent Bump Ratio.I’m assuming LTL is loss to lease (how under market current rents are) and rent bump would be the increase you plan to use at rollover.
Daniel Hankins Rent to Equity Share Idea
9 March 2021 | 7 replies
What ever funds aren’t used, roll over for future use, or can be claimed if they cash out.
Jesse Smith Opportunity Zone Benefit Look Back Period? Tax help?
13 February 2019 | 4 replies
One of the requirements is that you need to rollover your capital gain into a qualified opportunity zone fund which in turn owns the opportunity zone property.
Eva Mackowski solo 401k or self directed ira?
13 February 2019 | 4 replies
@Eva MackowskiFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities:Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m)The Self-Directed IRA and Solo 401k Differences:In order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2018, the solo 401k contribution limit is $55,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
Susanne Owens Mixed Retirement/Rental income accounts for F-I-R-E aspirations
13 February 2019 | 2 replies
Just roll over a 401(k) to an IRA when you separate from service (retire) and make sure you're correctly using one of the IRS's three approved methods.Honestly, I don't know if I'd recommend this to a DIYer...
Prashant Sheth Loan from IRA - 60 day
14 February 2019 | 4 replies
@Prashant ShethYou may only execute one 60-day/indirect rollover in a 12 month period.Since you did not actually return the prior funds and those are now considered a distribution, you have not used that one-time allowance.  
Adrienne Medina How would you invest $50k?
28 February 2019 | 51 replies
@Adrienne Medina@Mark SewellIf you are self-employed with no full-time w-2 employees, you can set up a Solo 401k & rollover funds from a non-Roth IRA as a tax-free direct rollover and then invest in real estate.