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2 July 2019 | 43 replies
They had it for several years, and we stressed that our goal is safety, preservation, not looking for spectacular returns, so far, they done that.The other major portfolio, I self manage, never turned it over to a financial advisor.
10 July 2019 | 41 replies
So from a wealth preservation standpoint, that's a really good deal compared to where else you might put the money, especially when you consider the cashflow and appreciation will also grow over time.
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11 February 2024 | 9 replies
I will do whatever I can to quickly move ownership or whatever needs to be done to preserve the work of a lifetime which is my pension really bc it supports me now in my 70s as a rental.
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15 July 2019 | 14 replies
If the project is big enough, getting a historic preservation credit helps with costs like that, but requires a lot of red tape, which just isn’t worth it for smaller projects.
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4 April 2016 | 116 replies
Many who invest here are wealth preservers.
13 September 2021 | 4 replies
@Cedar Wood So the adjacent property is for sale and you are considering buying it to preserve the views?
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22 February 2018 | 9 replies
Therefore, if you want to continue to preserve the tax deferred growth of the 401k, you may want to consider transferring it to an IRA or a solo 401k, as both allow for investing in real estate.Following 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 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 ( 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 2016, 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.)
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3 July 2018 | 5 replies
I believe the site you got the "After Tax Equity x 4" term is Asset Preservation Incorporated (https://apiexchange.com/capital-gain-tax-calculator/).
18 February 2024 | 0 replies
Is it possible for them to add me (the child) to the title of the new CA house while preserving the 1031?
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7 January 2021 | 3 replies
There is a murphy bed along the wall and washer dryer in the corner to preserve the 9x19 space.