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29 January 2025 | 47 replies
Roth IRA contributions can be withdrawn tax-free, but earnings may be subject to income tax and penalties unless the account has been held for five years and you're 59½ or older.Instead, consider rolling over your IRA into a solo 401(k) if you're self-employed, allowing you to borrow up to $50,000 or 50% of the account balance, whichever is lower.
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21 January 2025 | 10 replies
You have to compare your expenses with each management style and find the option that works best for you.
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30 January 2025 | 6 replies
They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.
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30 January 2025 | 4 replies
Depreciation lowers taxable income now but is subject to recapture at a maximum 25% rate when the property is sold.
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16 January 2025 | 12 replies
It may help to lower your price during the slow winter months for a six-month lease, then bump the rate up in the summer when demand is higher.Zillow will tell you how long each listing has been on the market.
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4 February 2025 | 6 replies
Great to hear that you are exploring your investment options and learning about the different options you have.
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23 January 2025 | 2 replies
Is the higher price agent inflating to get the listing or is the lower price agent just not keyed in well enough in the specific neighborhood?
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2 February 2025 | 10 replies
For a single property, a strong umbrella insurance policy may offer sufficient protection at a lower cost.
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2 February 2025 | 2 replies
Then they lowered the price to $340,000, a step in the right direction, but not as big a step that I liked.