Mathew Fuller
Withdrawing the principle of a Roth IRA penalty and tax free
When I first learned about Roth Ira's, It was to my understanding that the principal that I invested into the Roth IRA account (my already taxed income), was able to be withdrawn at any time tax and penalty free. What...
Doug Phillips
401k Savings Plan through Work
Hi everyone,Starting in May I'll be able to contribute to my day job's 401k; up to 3% will be fully matched and then 50 cents for the next 2% (I plan to fully max out). I will become fully vested I believe too. I do...
Steve Jeffries
Self directed 401k prohibited transaction?
So, I was thinking of moving my W-2 401k to a self directed 401k. I understand that all profits have to be returned to the 401k, and there is a rule that a payment can not directly benefit you. This is my question...
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Tea Marie
Downpayment vs. 401K savings -how much
Hello,My goal is to purchase my first rental property (non-local) in 2017. I have just reached my emergency savings goal, now I want to save as much as I can for a down payment. Except for my emergency fund, all of m...
Franky Juwana
Is it possible to have multiple self directed IRA?
I'm soon will purchase a mortgage note, and for tax purposes and I think Self -direct IRA is a better choice for me and my wife. Now the question is, can an individual/couplehave multiple Self-Directed IRA? because I ...
Eleena de Lisser
Should I give up the company match?
My employer offers a generous retirement plan: 4% company contribution (regardless of whether or not employee contributes) PLUS a 5% company match. In other words, a total of 9% from the employer if the employee c...
Kevin Darrell
Partnership using Self Directed IRA.
If I were to convert my 401k to a Self Directed IRA would it be possible to use those funds to partner with someone and If possible how would that work?
Logan Allec
Question for CPAs
Hi--I'm a little rusty on these rules so please help me out--let's say that you and I form a partnership. Let's assume the partnership agreement works out such that I will be allocated 90% of the partnership income, ...
Justin O'Malley
Sending too much to my 401k?
Hey folks,So at the end of the year I like to assess my 401k, FSA, and saving contributions but I came across something that confuses me...My company has a 25% match (max of $3000) for 401k contributions which from ev...
Gail Greenberg
Advantages of 401Ks over SDIRAs in buying notes
Found out at #NoteCamp in a presentation by Tyler Carter from Nuview IRA that compared to a SDIRA, with a 401K, you can....1. Contribute up to $53,000 ($59,000 if you're over 50) in a year to a 401K where the annual c...