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29 March 2017 | 25 replies
I would simply roll the 401-k funds over into a rollover IRA and into a low-cost mutual fund and forget about it.
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25 March 2017 | 4 replies
I believe this is in part to the tie in that these lenders have with conventional institutions along with the rollover transitional loans they are marketing.
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3 April 2017 | 10 replies
In order to do so the first thing you need to do is to setup a Self-Directed IRA and rollover your current IRA or 401k into it.
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31 March 2017 | 10 replies
If you can wait for the returns, roll over the TSP.
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27 January 2017 | 3 replies
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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26 January 2017 | 6 replies
I equate it to a 401K rollover or transfer of stock account to another company.
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28 January 2017 | 4 replies
You can have multiple IRA accounts and it is pretty easy to move money between them (as long as you don't commingle Roth with Traditional or rollovers with contributions).
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27 January 2017 | 6 replies
ZachOptions: 1. 1031: Rollover to new Investment.
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11 July 2018 | 72 replies
Rather than roll over its Treasuries into new notes upon maturity, it is simply cashing them in.
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12 February 2017 | 3 replies
Hi, guys! Recently, I rolled over my 401k from my previous employer to a Fidelity IRA. Now, I'm thinking of funding my first property with my own cash and some money from that IRA since I'm afraid of getting an HML or...