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Results (2,295+)
Brian Wolfe Buy and Hold Investor from San Diego
29 March 2016 | 49 replies
The convenience of our mobile devices saves precious time in our busy schedules.Perhaps the other 75% is more upscale I will check.
Account Closed I want to open a Self Directed IRA
13 February 2018 | 11 replies
Self-employment activity is a requirement to open a solo 401(k) plan.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth 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 (checkbook IRA/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 2018, the solo 401k contribution limit is $55,000, 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.)
Joe Kim Rental Arbitrage -how to do airbnb without BUYING
26 November 2019 | 96 replies
Remove your personal things like clothes, jewelry, toiletries, photographs, medications and such. 
Ken Martinez 10 Factors You Should Consider Before Starting
1 December 2015 | 8 replies
You always hear how time is finite and precious so spend it wisely.  
Bill Plymouth Realtor asking for a higher commission
24 September 2021 | 67 replies
You sift and sort the ones that are not an optimal fit right away to leave the precious time for those who are the ideal clients and give them high service.The ones mentioned brokers/agents are a dime a dozen might be doing business on cost only and who is the cheapest.
Nathalie Smith Has the BRRR strategy gone cold?
1 December 2022 | 12 replies
Time is your most valuable commodity. you do not know how much you have so every day is precious.
Elizabeth Pare How do I know if a realtor has my best interest in mind?
29 July 2020 | 17 replies
Speaking from personal experience, my time is very valuable and precious to me as I'm sure your's is to you.
Rob Pattison In escrow to buy beach adjacent property in Costa Rica.
12 December 2022 | 89 replies
Life is too short, and precious to not live your dreams. 
Precious Thompson Squirrel in the unit I’m renting
24 June 2021 | 4 replies
@Precious ThompsonYou will want to check your lease first and see if pest control falls under the tenant responsibility.
Justin Youngblood Tenant Turnover Issue
21 August 2022 | 14 replies
To be clear: The ultimate downside risk is that the tenant comes back and sues you for her $20,000 worth of jewelry and $10,000 worth of heirloom china that she claims she left behind.