Hi guys,
Lets say a person puts money into a Roth IRA, but then few years later, IRS penalizes this person because this person was making too much money. What would that penalty look like?
In 2019 I believe for a s...

Just curious. I’m looking to move from my current health insurance plan but would like to know what other individuals are using? Sharing plan, etc? Feel like I’m spending way too much money for not such a good service...

The LLC debate rages on here at BP.   Rarely does a day pass without an investor asking whether they should use an LLC or not.  Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is ...

We had a conversation with a guy today and it went something like this:"Hey I saw you hauling some lumber the other day. Whatcha building?""We bought a rental house and I was fixing a safety hazard." (Concrete step at...

Hello BP friends,I plan to dissolve the s-corp I've had for many years. Can I still keep the 401k plan of the business? If so, what sponsor and EIN would I indicate on the plan's 5500EZ form, if the sponsoring s-corp ...

How can one get extra into Roth retirement funds? Yes, would consider gong to extremes to contribute extra.• Employer sponsored plan does not support the requirements surrounding super/mega Roth contributions. • We ha...

One of my biggest expense as a self employed Realtor/Investor is health care.  I do not have a company sponsored plan.  I am looking into setting up my own plan.  I can get a small business plan and include my 1099 em...

I have done some searching on solo 401k eligibility, I have a couple main questions. For context, i own several small multifamily units that i self manage without employees and am interested in tapping into the tax in...

Hi, I own a triplex that has had a few insurance claims over the past 5 years (broken pipe/plumbing replaced). The latest was a kitchen fire caused by tenant grease fire. My insurance has now given me notice of termin...

I've got about $10K sitting in an IRA account that my employer and I both contribute to. Is there any way to pull some money out without too much penalty to use as a down payment on a triplex I'm looking at?