Emma S.
Converting a Solo 401k to a Roth 401k
Hi,
I recently set up a sole proprietorship & transferred a Rollover IRA into a Solo 401k. Now I want to convert it into a Roth 401k so it will be tax free at retirement.
Questions:
1) Is it ...
Tashzieanna Minter
Advice on a Solo 401K
After starting my LLC I'm looking into starting up a Solo 401K with it. Came someone explain it more so I can get a better understanding?
Bryan Hancock
Beating The $52k Solo K Limit For Investors With Multiple Businesses
I am writing about this on BP because I just found out about it and there are bound to be some tax wizards on here that know about about the game theory needed to navigate our ridiculous tax code. I stumbled upon thi...
Matthew Muscarelle
What RE compensation can qualify as "EARNED INCOME" for Roth IRA
I understand that things like rent are considered passive income and that sales are considered capital gains, and both are disqualified as qualifying income from which to make Roth IRA contributions. So I need to cla...
Amy Yarnall
Refi, putting equity in SDIRA, buying real estate & FAFSA
We own a rental with $100k in equity. It is worth $220 and provides $400 per month cash flow income after mortgage, expenses, etc.We are also preparing to pay for college costs starting in 2020. If we were to refinan...
Nick Drury
Selling “Basis” portion of property to a partner
When selling a portion of a property to a partner, is it possible to sell the “basis” value portion of my property and not the “capital gain” portion such that I don’t incur capital gains taxes upon sale? When selling...
Joseph Hammel
Funding a solo 401k from rental income.
Can I "pay myself" to manage my rentals 20.5 k on a sched C and write off the fee. I would pay the same income tax and add fica on the sched C. Goal is to fund a roth solo 401.
Kylie A.
What Are You Choosing For Liquidity
To all the millionaires out there, where do you think is the best place to put your money to let it grow while still being able to pull it out when needed? Personally, I prefer being able to access my money without pe...
Ben S.
Did I screw up my retirement savings? Roth 401k changed...
Most all of my 401k investments have been after tax contributions which I think went to a roth 401k and I have been at 5-6 jobs in my 21 years of my career. I've nearly always chosen after tax contributions because I...
Zach Schmid
IRA to Solo 401k Rollover
Hey Guys! The BP Podcast with Amanda Han on taxes last month really got the gears turning in my head. For anyone who hasn't listed to it yet... it's a great one! Episode 162 Now onto my question.. I have a traditional...