im curious what is the difference between these 2 IRA in regarding property investment under IRA rule?here are many custodian who would open the account for you. the problem i know is the fee/ mainteance charge fro...
I have a question that I cant seem to get answered just right from my broker. A search has turned up nada here too. Lets say I make 50k/year and have an IRA also at 50k just to keep it simple. If I do nothing I pay ta...
As I grow more educated in the area of personal finance and investing, I am realizing that the $$ sitting in my 401k could be doing much more for me. I am 36, $140K fully vested in my company 401k. I do have other s...
I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...
So I have a Roth IRA that I opened in 2012 before I knew I wanted to invest in real estate. I am wondering, since I would like to invest as much as possible in real estate, is there a minimum that I have to contribute...
I'd figure I'd ask here first before I ask my CPA.I know someone normally has to have income producing job, business etc. From what I understand, rental property income is not put into an IRA. Right now, I have a n...
Hello all! So somehow, I didn’t notice my AGI would be above the IRS Roth limit (198,000 AGI) and I had contributed 6000 into my Roth in 2020.So my tax program is telling me I have to pull 1250$ + any earning made on ...
If i buy a property with a self directed IRA, is there any limit on rental income exceeding the yearly contribution limit? Also, are you able to leverage the equity in the property during or after its paid off? If so,...
So I’m stuck at filling out an LLC agreement of operation for a title company, I’m in the process of closing on a property. What is the initial contribution section referring to and the capital contribution page refer...
Hi BP members
Hope all is well.
I am curious to gather collective thoughts and opinions on IRA and 401k investing. Some people believe they should continue due to company matching as well as invest in IRA for tax s...