The CARES Act allows the Federal Retirement Thrift Investment Board (FRTIB) to create special withdrawal rules for Thrift Savings Plan (TSP) participants affected by COVID-19.

Thanks for your participation!

Hello all,I'm Dan and it's my first year participating in real estate.

Can all family members claim active participation in this passive activity?

My wife and I recently participated in the "How to Become a Real Estate Millionaire" webinar with @davidgreene.  

As such, it seems like becoming a private money lender would be a good way to still participate in real estate using what I have. 

If both husband and wife participate in a business they each can have their own Solo 401k plan and contribute accordingly.

I own over 20 doors and have participated in multiple syndications.

I've participated in both the REIA in Madison and the Baraboo group. 

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.