Angela Palmer
Funds to get started
We are considering cashing in an IRA account to have funds to make our first purchase. We thought we would throw this thought out to BP to see what thoughts the experienced might have...
Tea Marie
Downpayment vs. 401K savings -how much
Hello,My goal is to purchase my first rental property (non-local) in 2017. I have just reached my emergency savings goal, now I want to save as much as I can for a down payment. Except for my emergency fund, all of m...
Account Closed
How to Tell If You’re Rich
I got this article from the Apartment Owners Association. I thought it was informative so I want to share with others.
IRS figures show that the top 10% of income earners make 43% of all the income and pay 7...
Brad Warshaw
Two Flips Do I File Cap Gains Or Sch C?
If I did two flips last year can I file both as capital gains or would I be considered a dealer and have to do a sch C? Both were held less than a year. Thanks
Steven Johnson
Hello to Bigger Pockets and Goodbye to the Rat Race!
Good afternoon everyone,After trolling for the last 12 months on the forum I have decided to post - why? Because action doesn't occur without interaction. I have made a self-proclamation that 2017 will be the year I f...
Yuliany W.
Withdrawing funds out of a 401(k)
Hi all,
How do you withdraw the money in your current employer's 401(k)? I don't have a financial hardship, and I don't want to take out a 401(k) loan. Is this possible at all?
I know there are penalties for withdra...
Blake Rumley
CARES Act 401k distribution to fund REI?
Has anyone used the new CARES act guidelines for 401k withdrawal? It’s my understanding if you qualify, the money withdrawn counts as taxable income but can be paid over the next 3 tax years and no 10% early withdraw...
Jake Kucheck
Excess Roth IRA Contributions
Some holiday tax planning raised the following question:
Back in the glory days of yesteryear, when I had an Edward Jones guy, I unfortunately found myself overallocated in my Roth IRA, and attached to my return was ...
Chris Breezy
Is a 457 or 401k beneficial to me
I’m 26 and I’m all about personal finance and investing. I have a good amount of money that invest in stocks and I also max out my Roth ira every year. My job provides a pension and annuity for retirement so this woul...
Lance Lvovsky
BREAKING NEWS: Additional Tax Relief for Hurricane Victims
A bill passed the House yesterday that would grant additional relief on top of what the IRS granted immediately after Hurricanes Harvey, Irma, and Maria. As some of you know, immediately after the Hurricanes, the IRS ...