Ryan Cole
Hurricane Irma/Harvey 401k Withdrawal?
Wondering if anyone has done this. I didn't even realize this was an option, but saw today that I can take up to $6,000 out of my 401k for Hurricane relief with no paperwork or proof of hardship (and only a 10% tax ra...
Kevin Lefeuvre
VRBO Withdraws on bank account
Am I the only one being bothered by the VRBO's banking policy which consists in withdrawing money from your bank account without formal approval case by case? I mean this is just un-acceptable. Is it because I have an...
Levi Chuculate
Opportunity Fund Withdrawals as Partner
I’ve recently entered into an opportunity fund partnership. To be clear, I did not passively invest in a fund. I started the fund. I’m a general partner of the fund. It seems all the rules regarding what to buy and ho...
Daria B.
Roth Contribution - 5yr rule
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...
Sean Crean
Roth Ira
I have a Roth Ira, and I was thinking of using some of my contributions for a down payment.I know you make withdrawals if your are a first time home buyer, which I did for my Condo.But I also understood that you could...
Craig Lessler
CARES Act - 457B Plan Withdrawal of $100,000
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 ...
Bryan Hancock
Sustainable Withdrawal Rates For Active Real Estate Investors To Achieve Financial Independence
I ran across this study by some professors from Trinity University in San Antonio yesterday:Retirement Savings: Choosing a Withdrawal Rate That Is SustainableHow much is enough is a popular topic on BP since many peop...
Edward Stephens
Should I take a hardship withdrawal from my 401(k) for a down payment?
Dear BP Community, I am actively looking to purchase both units of a duplex, live in one unit and lease one unit (house hack). I found a property that I’m considering making an offer on, and I’m analyzing different ...
Douglas Pollock
Safe withdraw rent vs rental income
While listening to financial independence podcasts I picked up on some interesting info. For example, Dave Ramsey advises people their investments will grow at 12%, and they can safely withdraw at a rate of 8%. Whi...
Michael P.
Rent Money, How to you withdraw?
When you receive your rent money, it goes into a specific account. Do you write yourself a check, or just direct deposit it from that account a certain amount that you feel directly into your personal account? What ...