Additionally, if you're filing together, your spouse must materially participate.

@Santhosh Nair  each strategy will come with a different level of risk, varying degrees of active participation, and each will net different results.

Even if we clearly state that we don't participate in Section 8 program, but they still keep asking.After a few weeks of advertising, responding to queries, screening and showing, we still don't have a good prospect.

@Hyacinth Dolor You can work with a deal sponsor and participate in one of their deals.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

“During your employment and for two years after your employment ends for whatever reason, you will not own, manage, operate, be employed by or under contract with, participate in, consult with, or render services to, any enterprise or entity on behalf of which would result in your competing with any business engaged in by Company or its Affiliates as of the date of Employee's termination, that is located or does business within Alamance, Cabarrus, Catawba, Caswell, Chatham, Davidson, Davie, Durham, Forsyth, Gaston, Guilford, Harnett, Iredell, Johnston, Lee, Lincoln, Mecklenburg, Moore, Orange, Person, Randolph, Rowan, Rockingham, Stokes, Surry, Union or Wake Counties, all in the State of North Carolina, or Lancaster or York Counties, both in the State of South Carolina.

If you answered no to any or all of these questions then I would suggest learning some more or participating in a syndication deal with some people that know what they are doing.

All transactions involving your IRA must be "arms length", meaning that no "disqualified person" is allowed to participate in the transaction with your IRA.

I was not able to participate live so I watched it a few days later.

@Tamika Malcolm@Chris MasonHere are the general considerations regarding taking a 401k loan from your current employer plan.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.