Hello,I am following up to my early post regarding using a 401K loan for REI. In hindsight, I wish I kept some money out to use for other investments, but I was always very diligent about contributing to my 401K. Fi...
Hello BP community. Recently I purchased properties through my SDIRA account. I was shocked to find out that I was charged a $35 wire transfer fee for the rents received. That means that every year that I collect rent...
Hi,
I am planning to invest $100,000 into a real estate syndicate. Is it better to make this investment from my SEP IRA, or should I make the investment outside of my retirement account? I think I remember Tom Wheelw...
Hello,I work a normal job, and my wife is the real estate professional who helps manage our investment properties. Due to depreciation, we report negative taxable income from our real estate investments, which helps ...
Hello BP,I'm looking to roll some of my IRA into a self directed or solo 401k. I read that fees can vary quite a bit. I was wondering if I could get some opinions on rock solid companies with low fees. Right now I'...
I was just told about buying and selling a home. I can take the profit and put it in a self diredted IRA. I can then use this as my retirement.
Does any one do this and can you tell me more?
Thanks for your input.
D4
Is it true that you can only do one time rollover from your SEP IRA into Solo 401K one time, whatever assets left in the Sep IRA have to stay there or can you make multiple rollovers?thankscharlie
Over the past five years, significant changes have occurred in the realm of self-directed IRAs (SDIRAs) and Solo 401(k) accounts, particularly following the introduction of the SECURE Act 2.0 in 2022. Consequently, he...
Hello - because of the inconstancy's of the Stock Market, I'm worried I won't have enough money to retire any time soon. I'm 60 years old and I'm self employed. When discussing the REI route wth my CPA, she mentione...
My tax adviser is telling me I need to set up an SEP Retirement plan to lessen my tax burden this year. I am primarily trying to shelter profit from a flip. I am a W2 wager earner and have rental income as well. I do ...