
20 March 2017 | 12 replies
See following for more information. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

13 March 2017 | 5 replies
Couple notes on your responses:Don't plan to offer individual investments and fund participation, however I see how a manager could fall into thatGreat tip on state tax implicationsWe're starting small so hopefully hit subscription minimum earlyThanks again!

21 March 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.)
21 March 2017 | 2 replies
Here is a link for reference:https://www.irs.gov/retirement-plans/plan-particip...
13 March 2017 | 1 reply
Hi Bigger Pockets Community,I am a college student in Phoenix Arizona.

21 March 2017 | 12 replies
That just sounds like a lot of work to me :).... at that point you should just consolidate into a single multi-family project.The other aspect of crowdfunding is it lets you participate in deals you perhaps could never do yourself.

2 June 2017 | 11 replies
Even our former exchange student helped out (for pay), and she is now a home owner herself. 4 Shield the kids from the house until it's gutted, get rid of the mold.

24 March 2017 | 36 replies
It is also in the wrong neighborhood for UAF students.

15 March 2017 | 7 replies
I teach my students to build these concepts into their scripts.

19 March 2017 | 14 replies
My real estate agent had mentioned considering Greeley and after listening to BP Podcast 215 the idea of student rentals didn't scare me as much.