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Results (2,651+)
Dustin Faeth Investing with Self Directed Retirement Account Funds
30 September 2013 | 36 replies
To me, it's an absolute slam dunk to go that route, and you can roll over all your old company 401K's, pension plan distributions, and other IRAs.
Jerry K. i401k - Credit Union not understanding
1 July 2013 | 13 replies
It was nice to have the Banker go to her managers, while I sat there, to answer any question she had.The account is opened, the rollover check is deposited, I'll be ready once the check clears (7 business days since I am a brand new customer of the bank).
Janine Badic How can I keep my property but take advantage of gains exclusion
11 June 2017 | 6 replies
The 1031 exchange can be used to roll over your capital gain into the acquisition of a replacement property.  
Brandon Lowery Qualified Intermediary Scam?
6 September 2020 | 175 replies
I did a lot of research to find a QI with good ratings who didn't charge and arm and a leg prior to choosing him, as our rollover was a relatively small amount. 
Austin Green Cashing out 401k, Is it as bad as people say?
6 November 2017 | 28 replies
I discuss this in this post:  https://www.biggerpockets.com/blogs/2810/45144-the-biggest-misconception-about-the-solo-401k-plan-qualification- If you are currently with an employer, most likely you wouldn't be able to roll over your 401k into the Solo 401k/IRA plan until you leave the job.
Mark H. Solo 401k Distribution
31 December 2017 | 7 replies
@Mark H.Just like full time-employer 401k plans, the following rules apply in order to take distributions from a self-employed plan such as a solo 401k plan.Types of Solo 401k Contributions and Distribution Rules After-Tax Contributions and Rollover Contributions.
Rodney Sums What would you do if your ocean view were to be blocked
11 September 2023 | 34 replies
So many people on here ***** about the government getting in their way when it comes to RE.... but when the government actually removes restrictions and it negatively effects them directly.... by blocking their ocean view.... then they want to ***** about that also.And the Buffs suck and CC is going to roll over them on every level...at every sport.... this year....
Mike White Self-Directed IRA
4 September 2015 | 9 replies
In most cases, you cannot roll over current employer 401k plans into a self directed IRA.  
Joe Capobianco Roth IRA vs REI
21 February 2016 | 16 replies
@Joe CapobiancoThe following information will help you understand the differences and similaritiesbetween the solo 401(k) in the 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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own Retirement funds business startup.The Self-Directed IRA and Solo 401k DifferencesIn 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 (self-directed 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 2015; the solo 401k contribution limit is $53,000, 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.)
Scott Trench Are you Pro or Against 401(k)?
2 May 2017 | 197 replies
If you leave the job you are at then roll over to self-directed IRA or traditional IRA.