Kyle Spinale
Best way to collect rent
15 December 2016 | 8 replies
Electronic or give them a business account with deposit slips that they deposit into themselves at a local bank.
Stephen Igbeka
10k in IRA account, what should i do with it?
7 December 2016 | 10 replies
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.)
Colleen Pelliccia lavin
Lending to first time investors... Are banks looking for certain qualifications besides the money?
2 May 2015 | 19 replies
My applications are electronicly filled out and easy to read.
Benjamin Allen
Help me with my Budget!!!! 23 year old
12 October 2015 | 19 replies
Mint automatically tracks your electronic purchases and classifies them by type (food, gas, housing, etc).It seems like right now that you are trying to build a budget without knowing what your historical spending pattern looks like.
Richard Young
Is it a good time to buy in Kansas City Mo?
29 July 2014 | 25 replies
KC is also being considered a "Electronic Meka" for the future!
Erik Drentlaw
Medicaid and a Reverse Mortgage Oh My!
12 March 2016 | 11 replies
Maybe feel them out, buy either way have it drawn up just in case with real signatures (not electronic).
Daniel Methven
operate and manage a vacation rental
22 July 2016 | 20 replies
@Daniel Methven I have had a number of people on AirBNB that use electronic lockboxes where you control the lockboxes from your phone so you can create and delete code for people to enter just like that.
Brian Roces
Brrrr it's cold in here! Boiler maintenance and service
13 November 2015 | 2 replies
The boiler was running okay last month but the electronics needed to be reset.
Chandler Harker
Make a rental tenant proof
6 August 2018 | 4 replies
Garbage disposals ElectronIcs like under cabInet radIos Anything fragile or of high value .
Mark Forest
Zelle problem if you want to evict
18 June 2023 | 32 replies
The law was probably written before the era of electronic payments, when a landlord had to physically take action and present the check to the bank.