I have a 457B Plan and would like to know if I am eligible under the CARES Act as a real estate investor to withdraw $100,000 from my 457B Plan. Assuming My State job is unaffected by COVID-19, does anyone know if I ...
Wondering what folks think about cashing out a Roth 401k to put that money to work in RE. I currently have a fully vested Roth 401k through my employer that has a sizable chunk of cash (definitely 2 down payments in m...
When buying from the bank, some banks ask for proof of funds. I'm wondering if a statement from a 401K showing enough funds would suffice. Anyone ever try it?
Hi Everyone...I found out that one of my parents has substantial funds in a Money Market account that is part of his retirement portfolio. His accountant said he can invest it in ventures other than stocks, bonds, mu...
My wife and I were only able to invest a little less than $10,000 in our respective Roth IRAs before our combined income disqualified us from contributing anymore. My question is this: Should we leave the money in ou...
What is the best way to pull money out of a 401k and minimize taxes at the age of 65? I would like to acquire more properties to produce cash flow for retirement.
Hello,I am 62 and nearing retirement. I have a remaining rental property with a $120 K mortgage. Unfortunately, this property has a variable interest rate that is currently 6.5 %. Reviewing my 401K over the past 5 yea...
62,retired,zero debt. Buying 1st house monthly income fromSS and small company pension is $2720,I have $1,520,000 in a rollover IRA. My question is should I just withdraw money from IRA and buy the house, or is there ...
I want to borrow money from my IRA to buy a rental. It would be a loan bcuz I will put the money back after I refinance.
Would I be charged penalties/fees from IRA?
I asked my tenant to pay the rent by direct deposit thinking that would be something similar to salary direct deposit but the renter told me that his bank needs to deposit a small amount to my bank and then withdraw i...