
1 January 2020 | 3 replies
But I'm not sure, another option I've been wondering is if I should talk to a bankruptcy lawyer or something to see the procs and cons.The problem is I just landed a decent job and I have been investing 1k every 2 weeks into investments like a Roth IRA , ETFs like VTI, and also threw a few smaller investments into things like betterment , Fundrise, wealth front ect.My plan was I should just start trying to rebuild as soon as possible however I'm not sure if I should continue aggressively investing since I haven't filed bankruptcy, I'm just not sure if this will come back to bite me like where I have to forfeit all my investments because I didn't.Does anyone have any specific advice or can point me in the right direction to find answers?

7 January 2020 | 3 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).

7 January 2020 | 63 replies
No one was ever taught the basics of Finance, Accounting, Taxes, Investment accounts, IRAs, Real Estate, Interest, Credit Cards etc in school.School taught us some random war was in 1852 and what an Isosceles triangle is.

9 January 2020 | 8 replies
Any account in which you receive tax benefits like 401k, Roth/traditional IRA, HSAs, 529s, etc.

8 January 2020 | 2 replies
Can I pull money out of a property that is in a self directed IRA?

7 January 2020 | 0 replies
So I go from $400 to $700 month extra to save for other investments, or add to an IRA, or spend, etc.

3 December 2019 | 9 replies
My kids meet once or twice a year with their financial manager and he discusses how their Roth IRAs are doing and also they listen in and ask questions about how a family trust is managed, goals for the future, returns from the past.
5 December 2019 | 5 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proThe site has quite a few tools that can be helpful for new members.

7 December 2019 | 6 replies
Is the money left in the solo trust has to be rolled to an self directed IRA or similar since the sponsored plan no longer exist?

6 December 2019 | 4 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.