Originally Posted by Bugeater: :-) I don't know, you're the accountant here. I fix toilets for a living.
There is a million different ways those things are set up. You need to talk to the plan administrator BEFORE you do anything. If they send you a check it becomes about impossible to undo.
Very informative thread. I've flirted with the idea of real estate and rentals, of course my financial advisor who manages my ROTH/401k has dissuaded me from this as he has vested interest in how my portfolio does. In a down market I can't help but think about the potential of buying up a few small town homes in a college town to use as rentals. Heck, even a couple of condos to function as airbnbs seems profitable. [Reply]
Does your pension roll out count towards the max per year you can put in an ira? I might just say max out 401k and keep everything simple so you boke ride more and not do work. [Reply]
Originally Posted by Demonpenz:
Does your pension roll out count towards the max per year you can put in an ira? I might just say max out 401k and keep everything simple so you boke ride more and not do work.
Nah, rollovers don't count toward your annual contribution. They're just moving around past contributions. [Reply]
Originally Posted by Demonpenz:
Does your pension roll out count towards the max per year you can put in an ira? I might just say max out 401k and keep everything simple so you boke ride more and not do work.
Originally Posted by Rain Man:
Nah, rollovers don't count toward your annual contribution. They're just moving around past contributions.
So there's no limit on a rollover from pension-->401k? We can do that straight shot with no issues?
And yeah, retiring so I can bike ride more and not do work is what I'm hoping for. [Reply]
That seems like the most sensible thing to do. Like Rain Man pointed out, it wouldn't make sense to take the tax hit just have the opportunity for all the headaches a rental property would bring. [Reply]
That seems like the most sensible thing to do. Like Rain Man pointed out, it wouldn't make sense to take the tax hit just have the opportunity for all the headaches a rental property would bring.
Definitely agree. If you don't need the income, a rental property doesn't make sense. [Reply]
Originally Posted by Rain Man:
If it's for your own business, that might be great. But in the long run, I think commercial real estate is going to be a declining market. Retail sales places are in a slow race toward bankruptcy as shopping continues to move online, and I think even service businesses are downsizing due to things like telecommuting and offshoring. I don't see much indication that commercial real estate demand is going to go up in the long term.
Not in major markets. Commercial real estate is moving towards open centers with lots of upscale food restaurants as tenants.
The DC market place including Northern VA and Maryland are all on fire. Occupancy in class A and B+ properties are mostly 90-95%. It's crazy.
Look at all the REITS like DDR, Federal Realty, KImco, Regency Centers, Brixmor, all have great returns from high occupancy.
Vornado out of New York just merged with JBG, a local DC powerhouse in commercial real estate. [Reply]
Looks like another opportunity to buy U.S. Steel (X)is developing . Currently at $22. The Trump relations with China has driven it back down. I think this could make 100% profits in the next 12 months. I have all my stock funds tied up right now but may have to sell some off to jump in on X [Reply]
Originally Posted by Hog Farmer:
Looks like another opportunity to buy U.S. Steel (X)is developing . Currently at $22. The Trump relations with China has driven it back down. I think this could make 100% profits in the next 12 months. I have all my stock funds tied up right now but may have to sell some off to jump in on X
I'll probably bite... I just sold $11k off of a MF (FBIOX) that wasn't really performing as well as it has in the past.
Looking to diversify those funds and thinking of 3 MF's and and maybe X with the leftovers. [Reply]
Originally Posted by Hog Farmer:
Looks like another opportunity to buy U.S. Steel (X)is developing . Currently at $22. The Trump relations with China has driven it back down. I think this could make 100% profits in the next 12 months. I have all my stock funds tied up right now but may have to sell some off to jump in on X
I was looking at this recently too. It's virtually been cut in half from it's high this year. Wondering if it might go lower before I buy though? [Reply]
Originally Posted by lewdog:
I was looking at this recently too. It's virtually been cut in half from it's high this year. Wondering if it might go lower before I buy though?
I went ahead and got in for $1000 at $22.36 [Reply]
