Just like I wouldn’t pretend to be a doctor and take out my own appendix, one false move here and you risk causing all your retirement funds to not only become taxable, but to incur an additional 10% early withdrawal penalty if you’re under 59 ½ years old.

We were just giving additional information about how it could be done if you wanted to set something up for your kids.Again, I don't think anyone would argue there is anything unethical about setting your kid up with a retirement account that compounds tax free for decades.

Not only do we get tax advice, but he understands our risk tolerance and personal finances, and he's helped set up our retirement plans and family trust.

I'd like to help my in-law out of this situation, because he is retired with no way to accumulate the money needed to fix the house at this point.

On of my investors has flipped over 400 homes and is a multi millionaire and is comfortably retired.

And I know that folks here pooh-pooh such returns -- getting good returns year after year with low risk is what retirement planning is about.

Would I still be able to go after the attorney, considering he stated he was retiring after losing his license (this time)?

He is a small business owner, so he has money socked away in what he told me was called a "Simple Retirement Plan".

Depreciation is not allowable if the building ispermanently retired from service.

Just as an FYI, I got in touch with Patricia Renner and she's retiring.