Just what I needed. I'm Single; Will be 72 y/o in a few months; Holding 60g in a rolled over ira [a401k from my deceased wife's job] Plagued by serious health, but still functioning. I want to convert from the Vanguard account to roth...or am I too old for it to be considered a via option? I also plan to heloc my home and lease it for passive income.
I had a 401k. After I quit, I rolled it into an IRA. Can I turn that into a Self Directed IRA now? I’m a realtor now and I want to invest all my money into RE instead of the stock market. A friend of mine says I can’t because that was from W-2 income and I am now self employed. Here’s what she said, “I hate to burst your bubble- but unless you can transfer over other self employed Ira funds into SDIRA, it’ll take you a long time to build up enough to purchase. You can contribute up to 100% of income up to 250k i think every year, but you can’t as you need to live on some, if not all your income. ☹️. I know this isn’t want you want to hear- but that’s the only way to fund a SDIRA. From other self employed Ira’s or ongoing from current self employment income. I couldn’t roll my regular IRA in it, only my SEPs & Simples. (Self employed Ira’s). “ True?
You can transfer any Rollover IRA to a Self-Directed. It does not matter how you put the money in there as long as the IRAs are similarly taxed IRA they can be moved back and forth (IE: Pretax to Pretax). Your rollover is just a Traditional IRA and can be transferred to any self-directed pretax plan.
Excellent content and surely something I plan to explore with your organization! Question - can you have more than one LLC feeding into a single SDIRA account? I ask because there is a general thought especially when investing in RE to keep each investment property separate from the liability POV. Cheers.
Bro, I both bought Roccat token and participated in the airdrop. If the airdrop hits too, Ill make a good profit. Even if the airdrop doesnt happen, the investment itself multiplies well.
Great question. Please head to matsorensen.com/ and click “Ask Mat,” on the left sidebar of my website. I will be answering questions submitted on my next live stream.
Great question. Please head to matsorensen.com/ and click “Ask Mat,” on the left sidebar of my website. I will be answering questions submitted on my next livestream.
Would you guys want to come in to our firm and chat? We are HQ ‘d in Denver. Independent RIA, we manage half a billion. Love your creativity and strategy’s.
Great question. Please head to matsorensen.com/ and click “Ask Mat,” on the left sidebar of my website. I will be answering questions submitted on my next livestream.
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This is one of the best podcasts I’ve seen about solo 401k self directed. Cool
Thank you, glad you enjoyed it!
Just what I needed.
I'm Single;
Will be 72 y/o in a few months;
Holding 60g in a rolled over ira [a401k from my deceased wife's job]
Plagued by serious health, but still functioning.
I want to convert from the Vanguard account to roth...or am I too old for it to be considered a via option?
I also plan to heloc my home and lease it for passive income.
Great information. Watched this 3 times. I think I'm dizzy. You guys are awesome.!
Glad you enjoyed it!
I had a 401k. After I quit, I rolled it into an IRA.
Can I turn that into a Self Directed IRA now?
I’m a realtor now and I want to invest all my money into RE instead of the stock market. A friend of mine says I can’t because that was from W-2 income and I am now self employed.
Here’s what she said,
“I hate to burst your bubble- but unless you can transfer over other self employed Ira funds into SDIRA, it’ll take you a long time to build up enough to purchase. You can contribute up to 100% of income up to 250k i think every year, but you can’t as you need to live on some, if not all your income. ☹️.
I know this isn’t want you want to hear- but that’s the only way to fund a SDIRA. From other self employed Ira’s or ongoing from current self employment income. I couldn’t roll my regular IRA in it, only my SEPs & Simples. (Self employed Ira’s). “
True?
You can transfer any Rollover IRA to a Self-Directed. It does not matter how you put the money in there as long as the IRAs are similarly taxed IRA they can be moved back and forth (IE: Pretax to Pretax).
Your rollover is just a Traditional IRA and can be transferred to any self-directed pretax plan.
Excellent content and surely something I plan to explore with your organization! Question - can you have more than one LLC feeding into a single SDIRA account? I ask because there is a general thought especially when investing in RE to keep each investment property separate from the liability POV. Cheers.
Sticklerone, great question. I will answer this on my live this upcoming Monday at Noon pacific!
Yeah, bought it the other day and it arrived in my account the same day. Ill sell this Roccat token as soon as its listed, for 300-400 times more.
Bro, I both bought Roccat token and participated in the airdrop. If the airdrop hits too, Ill make a good profit. Even if the airdrop doesnt happen, the investment itself multiplies well.
How do you buy stock and bonds from your self direct ira?
Great question. Please head to matsorensen.com/ and click “Ask Mat,” on the left sidebar of my website. I will be answering questions submitted on my next live stream.
Are the funds in the SDIRA FDIC or SIPC insured? If yes, how much?
Great question. Please head to matsorensen.com/ and click “Ask Mat,” on the left sidebar of my website. I will be answering questions submitted on my next livestream.
Would you guys want to come in to our firm and chat? We are HQ ‘d in Denver.
Independent RIA, we manage half a billion. Love your creativity and strategy’s.
🤯
Thx 🙏🏼
How can I buy to build house with a self dir ira on my land
Great question. Please head to matsorensen.com/ and click “Ask Mat,” on the left sidebar of my website. I will be answering questions submitted on my next livestream.