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I am 61 years old and I want to invest in real estate inside
I am 61 years old and I want to invest in real estate inside my IRA. I am planning to set up a self directed IRA and transfer funds form my rollover IRA to fund it. I have 3 questions related to this:… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I️ am 38 and left my corporate job a little over a year ago
Hello. I️ am 38 and left my corporate job a little over a year ago to run my own business. I am trying to figure out what to do with my 401k. I am an active investor and am considering rolling I‎t I t… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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What are tax rules for an inherited Roth IRA, GA, the
what are tax rules for an inherited Roth IRA JA: Since estate law varies from place to place, can you tell me what state this is in? Customer: GA JA: What documents or supporting evidence do you have?… read more
Lev
Lev
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This question is for Lane, JD,CFP, MBA My wife and myself
This question is for Lane, JD,CFP, MBAMy wife and myself would like to establish SEP IRAs. I am 70 plus years of age and still working; I have a regular IRA, Roth IRA and 403B and 407B plans trough my… read more
Lane
Lane
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Doctoral Degree
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I was 70 1/2 years old in August 2015. I am still working.
I was 70 1/2 years old in August 2015. I am still working. Every year I make the maximum contribution to an IRA. I hear that I need to start taking distributions soon. When do I need to do that? What … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Can I use the interest gained on my ROTH IRA to purchase vacant
Can I use the interest gained on my ROTH IRA to purchase vacant land, my ROTH is a self directed account. Thanks… read more
Lev
Lev
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I understand that in a self-managed Roth IRA, you can invest
I understand that in a self-managed Roth IRA, you can invest in real estate via an LLC that holds the real estate? If this is correct, can the LLC be also owned/managed by the Roth account holder as a… read more
Lane
Lane
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Doctoral Degree
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Steve, re Roth IRA: I own 100% interest in an LLC. The
Steve, re Roth IRA: I own 100% interest in an LLC. The LLC owns used industrial molds, and is party to a mold lease contract with an unrelated start up manufacturer. No income, just cash drain/expense… read more
Jax Tax
Jax Tax
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Master's Degree
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I have a tax question about contributing to an IRA. I have
I have a tax question about contributing to an IRA. I have a self directed Roth IRA. I want to contribute my 1998 Mazda Protege to the IRA. I can only contribute $5000 to my IRA due to my age. The car… read more
Bill
Bill
Master's Degree
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I am planning to buy an apartment that I believe will be worth
I am planning to buy an apartment that I believe will be worth more in the future, therefore qualifying as an investment property with my IRA funds. I am merely trying to use my IRA funds to purchase … read more
Lev
Lev
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Bachelor's Degree Equivalent
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When purchasing a business.....it has come to my attention
When purchasing a business.....it has come to my attention that buyers can use their 401K balances to pay the sellers. If the rollover of 401K balances to purchase a business do not result in the buye… read more
Lev
Lev
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Bachelor's Degree Equivalent
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i will turn 73 in 2011-i made my rmd tax payment for 2010-
i will turn 73 in 2011-i made my rmd tax payment for 2010- if i am still working and have a company 401k am i required to continue making rmd payments?… read more
CGCPA
CGCPA
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Question about how self-directed IRA works. Suppose I have
Question about how self-directed IRA works. Suppose I have $50k in my traditional IRA, i roll it over to a self-directed IRA. I set up an LLC and puts $10k into it. Then I instruct the custodian to in… read more
MequonCPA
MequonCPA
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We have 6 oil wells in a self directed Roth. They are virtually
We have 6 oil wells in a self directed Roth. They are virtually worthless. We pay more for administration than the oil wells make. We received some forms from the IRA custodian to file a FMV for each … read more
Mark D
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I have a 401k, including a traditional (about $150k) and roth
I have a 401k, including a traditional (about $150k) and roth section(about $50k), from the previous employer. The assets are reported as a lump sum to me by the management company, but they says they… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Hi,My self-directed Roth IRA is the sole member of an LLC
Hi, My self-directed Roth IRA is the sole member of an LLC I set up for the purpose of real estate investing. I am the manager of the LLC. I would like for my Roth IRA to also engage in "active busine… read more
Stephen G.
Stephen G.
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Bachelor's Degree
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What are the differences in tax filings and impacts to my personal
What are the differences in tax filings and impacts to my personal income taxes between an LLC, Inc., and Trust. My mom and I will be doing trading in the forex market and believe we should put it und… read more
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Arthur Rubin
Doctoral Degree
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I own a business with a partner. For various reasons we are
I own a business with a partner. For various reasons we are going to shut it down and start a new entity (probably CA LLC or S-Corp) at the end of the year. We will probably start making a significant… read more
Lev
Lev
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