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12 February 2010 | 6 replies
I was planning on bringing a new laptop next time I go and selling it when I get there - last time I was there electronics were selling for about triple what we pay here, so I could have paid for my trip by flippin' a laptop.
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1 November 2013 | 56 replies
Results will be published in our complementary newsletter as progress is made.
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17 May 2016 | 0 replies
I've listened to his podcasts on BP, seen some of his YouTube videos, and get his newsletter and like what he has to say.
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15 November 2016 | 5 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 (checkbook IRA) 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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2 April 2017 | 18 replies
Loan Origination Fee $ 900 $ - $ 990 Application Fee $ - $ 270 $ - Document Preparation Fee $ 250 $ 265 $ - Underwriting Fee $ - $ 265 $ - Appraisal Fee $ 460 $ 550 $ 550 Appraisal Management Fee $ - $ - $ 90 Credit Report Fee $ 40 $ 63 $ 22 Tax Service Fee $ 95 $ 110 $ 75 Recording Fee (Deed + Mortgage) $ 170 $ 240 $ - Notary Fee $ 30 $ 20 $ - Sub-total of Fees Above $ 1,945 $ 1,783 $ 1,727 Title Insurance/Endorsements $ 924 $ - $ - Title Closing Protection Letter Fee $ - $ 125 $ - Title Electronic Document Delivery Fee $ - $ 49 $ - Title Endorsement Fee $ - $ 300 $ 452 Title Lenders Coverage Premium $ - $ 699 $ 680 Title Overnight Delivery Fee $ - $ 21 $ - Title-Tax Certification Fee $ - $ 50 $ - Title Owners Coverage Premium $ - $ 50 $ 774 Title Settlement/Closing Fee $ - $ - $ 850 Sub-total of Title Fees Above $ 924 $ 1,294 $ 2,757 Property Inspection $ 325 $ 325 $ - Pest /Termite Inspection $ 55 $ 150 $ - Flood Certification $ 25 $ 12 $ 7 Sub-total of Inspection Fees Above $ 405 $ 162 $ 7 State Transfer Tax (half share) $ 600 $ 600 $ 600 Total Closing Costs $ 3,874 $ 3,839 $ 5,090
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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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21 July 2017 | 85 replies
If not enough people know it's available,the rent offerings are going to drop.If your rental is near the techies corridor (Van Ness,Lombard,SOMO) you should be trying to advertise on their company newsletters.
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11 September 2019 | 126 replies
I follow Raging Bull stock service/newsletter and they short the IWM all the time and make buckets.
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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.)