How to Set Up a Retirement Plan
For many, retirement brings unfettered freedom and newfound happiness. From quiet weekday mornings leisurely sipping coffee in a sunlit room to forging new friendships and experiences, retirement provides ample time to enjoy life’s simple pleasures.
Real Estate Rollover
For many people, when they leave their job, they often bring their 401(k) with them. The 401(k) provides tax deferment benefits. In order to move their 401k out of the company, it needs to be rolled over into an IRA. This will allow the 401(k) tax deferment benefits to remain in place.
What is a Non-Qualified Retirement Plan?
Most of us are familiar with qualified retirement plans -- they are employer-sponsored 401(k), 403(b), and profit-sharing plans that meet guidelines set forth in the Employee Retirement Income Security Act (ERISA) of 1974.
Can I do a 1031 Exchange Myself?
The execution of a 1031 exchange is a complicated process, and the IRS rules are strict. The investor can manage parts of the transaction, but not others, and it would be wise to have guidance for the overall scenario. How much of the planning and selection you can handle on your own partially depends on your skillset.
How to Sell a Shared Ownership Property
If you’ve been paying attention to our blogs, you know that we have written extensively about the benefits of real estate fractional-share ownership, such as the type offered through Delaware Statutory Trusts (DSTs).
Can You Roll Over a Tax Sheltered Annuity into an IRA?
Plenty of options exist when it comes to retirement savings. There are the 401(k) employer-sponsored plans. There are also simplified employee pensions (SEPs) and solo 401(k)s for the self-employed. Also in this group are individual retirement accounts for, well, individuals. Then there are tax-sheltered annuities, better-known as 403(b) retirement plans.
How to Calculate Mortgage Interest and Payments
Paying your mortgage is usually priority number one for a consumer, as it should be. For people at the beginning of building a real estate portfolio or accumulating assets of any type, that first property is the foundation. Billionaire Andrew Carnegie is known for having said that 90% of millionaires got their start in real estate. Many got their first properties by buying a home and used their equity to finance additional purchases.
How to File Rental Property Depreciation
Buildings wear through normal use. It’s part of the old saying — nothing lasts forever. The IRS provides real estate investors with a tax benefit for the wear on their buildings. This tax benefit is called depreciation. Depreciation is a reduction in the value of an asset over time due to wear and tear.
How to Defer Taxes on Capital Gains
Selling a rental property means freeing up capital, hopefully nabbing a tidy profit, and moving on to the next great opportunity. It also means paying taxes on those gains unless you have a plan to defer them.
Does a Triple Net Lease Include Utilities?
A triple net lease (NNN) is a lease agreement between a landlord and a tenant or lessee on a property where the tenant agrees to pay property expenses including real estate taxes, building insurance, and maintenance fees. These expenses are in addition to rent and utility expenses. In most cases, the cost of utilities is dependent on tenant usage.
