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12 April 2020 | 8 replies
I also made sure I could sign electronically (very important, I was not driving across town to sign documents every time needed, definitely was not waiting for courier or USPS, FedEx, UPS, to ship it) what documents were legally allowed.
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5 May 2018 | 117 replies
I assume it is electronic as opposed to overnight mail, haha.
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24 January 2018 | 20 replies
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 (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 2017, the solo 401k contribution limit is $54,000, 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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14 February 2018 | 66 replies
You could run this from any where, put a lock box or electronic pad lock on the door then get your wife to clean when they leave.
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4 December 2018 | 25 replies
You need to stock it with appliances, electronics and basic furniture.
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28 January 2019 | 4 replies
Often thru a phone call rather than electronically.
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23 May 2019 | 2 replies
My camera (and many others) will take 3 shots - very dark, normal and very bright, then align them, smash them together electronically and throw out the over and under exposed parts.
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4 March 2021 | 2 replies
Hot water tanks, toilet parts, electronics, air conditioning, heat.
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21 September 2016 | 11 replies
I'm also trying to move everything over to electronic so I don't have to wade through stacks of home depot receipts in April or try to remember which sock drawer has the lease agreement with a signature.
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24 November 2015 | 4 replies
Getting fancy, they can have electronic devices which can confirm receipt of package, perhaps linked to my phone.At another level, the 200-unit needs some kind of a solution.