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6 October 2016 | 8 replies
@Jesse HargroveIf you have intentions of participating in the business personally, then I would be very cautious about using IRA money in the deal.
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1 September 2016 | 14 replies
@Andrew BeaverWe decided on Bradford because we would be living in one of the units, my fiancee has particular tastes, so when researching areas, I needed the town/city to have a good number of multi's, an atmosphere I would want to participate in, and a good cost of house vs potential rent ratio.The other factor to consider, was that the city had to be between my job and my fiancee's.
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28 August 2016 | 6 replies
I am a real estate agent in the Destin/Fort Walton Beach area of the Florida Panhandle, and am a proud military spouse!
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25 August 2016 | 2 replies
Hey Guys,I have only been listening for a few weeks but am really excited about participating in this community.
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3 September 2016 | 33 replies
Following is how the ROBS 401k works: Because you directly rollover your IRA or former employer 401k, 403b, Keogh, SEP, SIMPLE, or other eligible account, to your new ROBS 401k plan, which then funds your business, you incur no taxes or early distribution penalties.Unlike traditional 401k plans that allow for a 401k participant loan, that is, borrow up to 50% of the account balance not to exceed $50,000, the ROBS 401k for business financing plan allows you to use all of your retirement funds to fund your start-up business.The ROBS 401k funded corporation allows you to draw a reasonable salary from the business.ERISA 408(e), and ERISA Reg. 2550.408 list information regarding the use of 401k funds to invest in employer stock of the employer’s corporation.The IRS formally commented on the use of 401k business funds on Oct 1, 2008 by issuing IRS memo commenting that the use of retirement funds is not disallowed but continue to be reviewed by the IRS.The use of retirement funds for business funding entails the 401k purchasing stock shares in a C-Corporation.
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26 August 2016 | 3 replies
While having a criminal record is not a protected characteristic under the Fair Housing Act, criminal history-based restrictions on housing opportunities violate the Act if, without justification, their burden falls more often on renters or other housing market participants of one race or national origin over anotherSection 3"A housing provider violates the Fair Housing Act when the provider’s policy or practice has an unjustified discriminatory effect, even when the provider had no intent to discriminate."
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27 August 2016 | 5 replies
I started investing with a mentor 10 acres and after a few years of buying more 10 acres I would go down to county records and look my name up to see my name on all the parcels that I owned I was so proud.
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26 August 2016 | 0 replies
Each stage of the lifecycle determines the level of participation that you as a bidder have.
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27 August 2016 | 16 replies
@Tom Smith Although I agree, REI is a great suggestion for the potential returns and tax benefits, the hidden fees you mention aren't necessarily a 401k problem, but the a downside of certain 401k administrators and custodians that unnecessarily limit participants in their plans.
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29 August 2016 | 8 replies
If you want to access some of the funds from your 401k for personal use (investments), you could utilize the participant loan feature, which would allow each participant to access up to $50,000 of your retirement funds, tax-free and penalties-free.