Recent content by WithAPurpose

Dave, That just doesn't sound right. I mean, we all want to find a way to avoid taxes on our real estate profits. So I went through my 2018 taxes when I sold one of my rentals. I found that the instructions on form 4797 line 7 (I applied the Individual instructions) direct that the gain be...

Hi kgtest, I have had a Solo 401k for a few months now. I've been moving money in from old job's 401k and doing In-Plan Roth Conversions. Mine is at E-Trade since they were the only ones allowing those in-plan conversion at the time. so... slightly different situation. About the contribution...

I am hoping that the community has someone that can help me connect the dots on our individual 401k tax filing. Situation: DH has a solo 401k for his profitable side-business (an LLC), there are traditional and roth accounts. He has transferred money from an old workplace 401k into this...

This is such a knowledgeable forum, I bet someone here has been in my place before. I have an amount in my 401k that is after tax contributions (after I had maxed out my Traditional/Roth limit.) 2.5% of the balance is earnings and the rest is my contributions. I have instructed Fidelity to...

Isn't this backwards? 5K basis/50K total means 10% NON-taxable = 90% TAXABLE? Yes, you're right I got that backwards. that makes 90% taxable. Thanks Kaneohe for correcting my misleading math.

I was in the same situation last year and will be again this year. I also have a rollover Trad IRA and want to make a backdoor Roth. I made my $5500 non-deductible contribution, but exceeded the threshold that made sense to convert. I also have existing basis in my rollover IRA (thanks combat...

Real Estate has been a shortcut to FIRE for me as well. Our first flip in the run-up to the bubble did well enough to make us come back for more. The next flip turned into a rental when the RE bubble burst in 2009 and we couldn't sell. Since then we added another 19 rental units. Every one went...

I know the guilt... I am 44 and FI. I have cut back my work schedule to 4 days /week. DH is 58 and just retired this year. I golfed with a girl that said she was too young at 48 to retire, she'd do it in another 10 years. It is certainly expected that no 44-year old could 'retire'. But that's...

I know the guilt... I am 44 and FI. I have cut back my work schedule to 4 days /week. DH is 58 and just retired this year. I golfed with a girl that said she was too young at 48 to retire, she'd do it in another 10 years. It is certainly expected that no 44-year old could 'retire'. But that's...

With the runup in the markets, I crossed $1 million in investable assets today. I know the market giveth and the market can taketh away, but it's nice to see that new digit :) Thanks to this community where I can share this feat and gather some wise perspective on it.

What would you have changed? I am one of those young-uns trying to figure out where my 401k money should go? I am saving the limit for my age, but splitting between Roth and Trad to keep my taxable income within the 25% Fed bracket. With the benefit of hindsight, what would you have done...

K & R is the exact book from which I started. I appreciate those that recognized the reference. My programming turned into Engineering, and now my engineering is turning back into programming at my MegaCorp Job. I may soon be learning Java to stay relevant. I feel like retirement (and forum...

Hi every one, I joined yesterday after lurking for about 5 years. I thought I had thought of everything until I caught a new insight on Roth conversions last week. I realized that being a part of a community of likeminded people can really help, especially by introducing concepts I had not...