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...
Today I'm working on taxes and finalizing my Solo 401k set up, yes tons of fun...not my favorite way to spend a sunny 75 degree Saturday in San Diego!
That said, I need some guidance on next steps.
Step...
So I have an old 401K I'd like to convert to a SDIRA but Fidelity doesn't offer this. I'm in Central Massachusetts. Any recommendations on does out there?
Hi everyone,I would like some advice on how to split profit between 3 partners in the following scenario pleasePartner 1) Silent partner, just assisting with funds to obtain financing and get the project going. Will n...
If I save money in an IRA can I avoid being taxed on that money and invest in real estate with it at a later time?
I think I might be blowing my own mind right now..."conventional" wisdom says max out your 401k contribution to lower your tax burden. 2013 was a good year for my 401k balance as the stock market was red hot (i have a...
I posed this question in one of the groups, and wanted to get insight from the BP community as a whole to see what experiences people have had investing with a Solo 401k. Being able to contribute $46,000 to a retireme...
Looking for insight on how my sister and father should split the profits from their first flip:The way it's worked:Dad put up $100k of the $114k sales price (bought on Auction.com in a "cash only" transaction). Sister...
I'm looking to get in the real estate game and have a job with a company that has a 401k plan. I'm looking for a CPA in the Vermont area who also invests and can give me advice as how to set up an entity, what entity ...
Hello all - I am looking to transfer my IRA's from a brokerage firm into a SD 401K with checkbook control. Currently 5% of my accounts are 'cash' and 95% are Traditional IRA's. I'm wondering if I should put the 5% i...