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Hey
everyone! I'm hoping for some advice as I look start my real estate journey. A
bit of background - I'm 28 years old, and have been contributing to my 401K for
the last 5 years. Thanks to all the great informati...
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Evening Fellow Investors, As I am finishing up @Scott Trench's own Set For Life, I came to a section in the book under "Exploration of Financial Freedom" about The Safe Withdrawal Rate. I thought this section was fas...
I just recently stumbled upon the FIRE community and BiggerPockets. Seems to me that many people who have achieved FIRE got there by maxing out their tax advantaged retirement accounts and then use the 4% rule to liv...
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Hello, I am looking for someone who understands Think or Swim (and who does fairly well with it) to help me understand how to better use it. I don't have a lot to offer, but I want to pay you for your education. I mad...
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So my dad is scheduled to retire December 31 2021. We have no idea about how retirement works and whats the best to withdraw and all that. Anyone know about taxes regarding TSP?
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I'm not new to real estate investing, but still inexperienced. Why do people fawn over self directed 401k's. I mean, you get to invest in real estate tax free. That's absolutely amazing, BUT you can't start pulling ou...
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I currently have a 401k through my full-time employer and have 6 rentals on the side. I have read some information on BP and other sites about taking money out of one's 401k or using some type of self-directed IRA.
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401kHow can I go about finding the % penalty for taking money from 401k for real estate investment?
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I withdrew money from my IRA and it will be taxed as ordinary income. Can I use Rental property losses to offset the taxes owed from this withdrawal when I file my taxes?
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I found several descriptions regarding this rule - below is one description.What is the Five Year Rule?An investor can withdraw his or her contributions to a Roth IRA at any time without tax or penalty. But, that is n...