Hello,I have been reading up on self-directed IRA's and solo 401k's. I feel like I am starting to understand some of the details now, and have a tentative plan. I'm looking for any feedback/issues with it. Hopefully...
Hi everyone, maybe a rookie question here, but I had a W2 for a good portion of 2023 and also had a self-employed business for the other half. How exactly do you file taxes when you have a 9-5 but also generate income...
Any recommendations? Currently talking to a company called Equity Trust whose fee is a little above 1%, does anyone know of a self directed ROTH IRA that can do better?
Hi Everyone, I recently quit my day job and am trying to decide what to do with my 401k funds. I was going to transfer into an IRA but when I got to looking things over, I'm seeing some other options that I don't know...
This is my first year to try furnished rentals and want to be prepared for the tax man. Who pays self-employment tax? What qualifies for passive income? Has anyone looked into furnished rental income? Is it passive? ...
I've read through some posts, but I can't seem to find the answer to my question. I am a real estate investor concentrating on buy and hold properties. I am intrigued by the self directed 401k. I currently max out ...
I'm changing jobs so figured this might be a good time ask this. My previous and next employer do a 401k with a 6% match. I guess 401k's the only benefit of a 401k is it's tax benefit and I'm making an instant 100% RO...
I'm kicking around the idea of moving 401k funds out of the stock market and into real estate investments. I started researching self directed IRA because a lot of people seem to use that on here but I stumbled acros...
Hello everyone,So I lost my job of 19 years so I think now is the time to get things going in a RE business. I want to start out with flipping homes. Not really interested in buy and holds......yet. So I want to roll ...
I've heard it said that business income is handled differently than traditional earned employee income. Can someone explain this in an example for me? For example, how is $10k of earned employee income taxed dif...