S Lord
What to do with 401k after leaving old company?
So my old job withdraw my 401k and send me a check. What happens after that like will I get penalized upcoming tax season or can I put that money towards my new job 401k??? Please help.
Chris Mason
tax consequences of liquidating retirement question
Hello Wise Tax Professionals,Quick question for you. I'm not actually in a position to do the below, but I'm going to be a hypothetical person with a crap ton of money in retirement accounts, a mix of 401k and IRA.- I...
Aaron Simpkins
Vested Roth 401k questions
BP CPA's, I have a question. I have a fully vested Roth 401K from a place I no longer work at. I want to leverage this Roth into my real estate investments but I am still unsure of how to fully take advantage of tha...
Jim P.
Transfer of nondeductible IRA funds to a solo 401k
I have a Traditional IRA that includes some contributions during years when the contribution wasn't tax-deductible because I or my wife had 401k accounts.Last year I did a rollover of the entire Traditional IRA into m...
Andrew Martinez
What are creative ways to get a downpayment
Other that Heloc and a credit card what are some creative ways or other ways to get a down payment for an investment property. We got an approval for a STR but need 25% down in $180,000. This is a great opportunity an...
TJ P.
Multiple 401Ks to self-directed or other options
Looking to fund a purchase/s by possibly utilizing funds in 401K and 457. These are from previous employers where I never got around (might be a good thing?) to rolling them into a single account.I will not be able to...
Mike Reynolds
In laymens terms please
I have a question that I cant seem to get answered just right from my broker. A search has turned up nada here too. Lets say I make 50k/year and have an IRA also at 50k just to keep it simple. If I do nothing I pay ta...
Cas Gabe
IRA Penalty Tax question
Hello all, new to the boards here, I have a question re my IRA and tax penalty - did a 50K draw (60 day rollover) from my IRA (Traditional) to cover some credit card debt and medical bills and had planned to redeposi...
Rachan M.
401k default + IRA loan shelter
Good Morning you all,I have a basic IRA question. I took a loan from my 401k in 2017 to buy a property. I got laid off from that job in 2018 and so the loan is now in default for $11,675. I am told that I'll save on p...
Sahil K.
Rollover from Employer 401k to Solok.. and more
Hi! I’m currently working full time (on W2) and have money in my employer 401k. I found another full time job and will have 10 days in between the two jobs. I am planning to roll over the 401k into a Solok, but have a...