Nick B.
COVID-19 IRA withdrawal
Hello BP,I am considering withdrawing money from my IRA pursuant to CARES Act. According to the Act, one has to qualify to be eligible. Besides the obvious qualifiers such as being infected by the virus or losing a jo...
Tyler Harrel
401k Withdrawal Tax Question
Good Evening All,
Looking to gain some insight on the Florida Tax requirements for 401k early withdrawal, such as how much will get taxed from the withdrawal and if that taxed money has to be paid up front.
Anyt...
Joe Wood
Inherited IRA Withdrawal Questions
Hey Guys,I recently inherited a traditional IRA (Non-spouse) and would appreciate additional feedback from those who are familiar with what options I would have. I am looking to pull out about $100k right now in order...
Shannon Carter
401k withdrawal to invest
Hello Bp,
I would like some feedback on this creative financing I am trying to do.
I have done 2 successful flips and also have one 1 buy and hold.
Now that I have a little skin in the game I’d like to ask my dad ...
Scott F.
401k Reform - Early Withdrawal Penalty
I just read in today’s WSJ “Retirement Bills in Congress Could Alter 401(k) Plans” that Rep. Brady is working on a bill in the House (as is the Senate) on reforming 401(k) plans, to include access to the funds. I sup...
Belinda R.
Fair Housing Act - Lease withdrawal
I recently approved an applicant for an apartment. After the applicant viewed the apartment, they texted requesting a lease so I electronically sent them the lease sign. However, prior to signing the applicant came b...
Scott Goodson
Withdrawing retirement funds to invest
I have a retirement account from my previous employer that I wish to use to fund a deal that I currently have under contract. My question is with the CARES act am I able to withdraw that money penalty free and if I pu...
Ahmad Mohammed
Withdraw 401K - Urgent, please help.
I need your help in deciding to withdraw 401k.I draw $170k per year. I have $100K in401K. I am planning to relocate to my home country for good and need your advice. How much can I get on hand after penalty and taxes?...
James Davidson
401k withdraw & the Coronavirus
With the CARES Act and the ability to withdraw 100% of my 401k without penalty I am very close to pulling it out as a loan to myself. This way I essentially have 3 years to pay it back and when done it still grows. Wh...
Angel Nieves
Best way to withdrawal 401k
Hello, I want to withdrawal from my 401k to have ready for an investment opportunity.Has anyone taken a withdrawal from their 401k retirement account during this covid pandemic? Per the Care act- an individual can now...