Hello Patrick, one of our IRA counselors will be able to assist you on if you can owner finance properties and if there is a limit. If you would like to schedule a one on one consultation! www.trustetc.com/lp/consultation/?
Hello, As you have mentioned that only EARNED Income is eligible to be put on an ROTH IRA Account. So for example, in January 1st, 2021 can I deposit and invest 6000 dollars to Roth IRA Account before i have earned income of 6000 for that year? Obviously, I will earned that much throughout the year in 2021. But can i deposit the max amount of money 1st day of the year before i earned it that year? Will there be any issues?
What happens if your business closes and I have an account with you?
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good beginners cliff notes explanation.
There is a “Back door IRA” to go around the Roth income limits.
Can you owner finance properties and if so is there a limit?
Hello Patrick, one of our IRA counselors will be able to assist you on if you can owner finance properties and if there is a limit. If you would like to schedule a one on one consultation! www.trustetc.com/lp/consultation/?
I have a Roth TSP. 34 years old. I like the TSP but much rather handle it myself. How would that work?
I would love to know how your client turned $500 into 50K "through investing in real estate"
Hello, As you have mentioned that only EARNED Income is eligible to be put on an ROTH IRA Account.
So for example, in January 1st, 2021 can I deposit and invest 6000 dollars to Roth IRA Account before i have earned income of 6000 for that year?
Obviously, I will earned that much throughout the year in 2021. But can i deposit the max amount of money 1st day of the year before i earned it that year? Will there be any issues?
Yes, it doesn’t matter because it only matters if you have income at year-end. It doesn’t matter what month you put in the $6k.
Is there a minimum to open The self Directed IRA?
Hello! There is not a minimum to open an account at Equity Trust.