I have a question about forming an LLC.  I found a real estate deal and needed to raise $150,000.  I planned to sign for the loan and give them a percentage of the ownership of the deal, but they have decided that the...

I understand the contribution limit is around $60,000 yearly. However, how much can you start the account with?

Is there a legal way to add funds to my IRA when all of my income comes from passive earnings.?

Hi everyone! I'm not terribly active with posts on BP, but I have used it as a resource many times to learn what's going on with other investors. I thought HMLs in my market were are all but dried up, but I was able...

The IRS link- https://www.irs.gov/retirement-plans/one-participant-401k-pl... mentions, "The one-participant 401(k) plan isn't a new type of 401(k) plan. It's a traditional 401(k) plan covering a business owner with n...

Hi, I know that Solo 401(K) we can contribute as employee as well as employer contribution.But I got a confusion.My concern is both deduction will be done from my Business bank account, or employee contribution will b...

Hi everyone. Are 401K solo contributions limited to the amount of income made in the single member LLC? Example. Let's say I made $1,000,000 on a W2 job and made $10K on a single member LLC.   Could I put $50K in ...

I found several descriptions regarding this rule - below is one description.What is the Five Year Rule?An investor can withdraw his or her contributions to a Roth IRA at any time without tax or penalty. But, that is n...

Who do I contact regarding contributing an article for my company?

I currently deposit 12% of my paycheck into my employer 401(k) and they put 50% up to a max of 6%. I also put $500 a month into a mutual fund (currently at 4k). When it reaches 5k I planned to put it in a ROTH, howeve...