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4myfamily 05-29-2018 05:19 PM

Quote:

Originally Posted by Blueskies21 (Post 2604772)
I learned something today. I've always moved mine outside of former employers for additional fund choices, I had never considered the pre-retirement distribution angle. Evidently that's a function of plan design (meaning the employer can choose to let you make "in-service" withdrawls (after 59.5 but before you actually retire) ) I have no idea which plan design is more common but there's another good reason not to roll directly from old employer to new employer.

You can also roll over into a self directed Ira and buy real estate, trade stocks in your own account etc. check out Matt Sorensen online. He is an expert attorney in the field.

Blueskies21 05-29-2018 06:07 PM

Quote:

Originally Posted by 4myfamily (Post 2604916)
You can also roll over into a self directed Ira and buy real estate, trade stocks in your own account etc. check out Matt Sorensen online. He is an expert attorney in the field.

I'll assume that's not the Matt Sorensen that was sentenced to jail related to a billing fraud at State Farm.

Regardless, I may look into the self directed IRA at some point ( I was aware they exist) I've heard there's a good deal of red tape related to using them to buy/manage real estate and I don't trade individual stocks (too much risk for me).

Definitely good discussion for all of us to consider.

FlySkyHigh 05-29-2018 11:02 PM

Quote:

Originally Posted by Blueskies21 (Post 2604941)
I may look into the self directed IRA at some point ( I was aware they exist) I've heard there's a good deal of red tape related to using them to buy/manage real estate

It's not really all that complicated. The nickle version is that you can't do work yourself, you can't use the real estate at all for yourself, you can't personally profit, and no one in your linear family can do any of these either. Two examples: Don't buy a beach rental then stay there for even a day; Don't pick up a screwdriver to fix the door knob or do the paining yourself.

I have used my IRA to buy real estate and made much more than the stocks I sold to fund my Self Directed IRA. There are a number of sources online to educate yourself.

4myfamily 05-30-2018 05:53 AM

Quote:

Originally Posted by Blueskies21 (Post 2604941)
I'll assume that's not the Matt Sorensen that was sentenced to jail related to a billing fraud at State Farm.

Regardless, I may look into the self directed IRA at some point ( I was aware they exist) I've heard there's a good deal of red tape related to using them to buy/manage real estate and I don't trade individual stocks (too much risk for me).

Definitely good discussion for all of us to consider.

Correct assumption. It’s not difficult to setup and I have a LLC owned by my Ira which makes transactions simple.

https://sdirahandbook.com/

Propwash72 06-02-2018 09:35 AM

This is probably a stupid question...but how do we get down to the Crew Outfitters in ATL?

seminolepilot 06-02-2018 11:26 AM

Quote:

Originally Posted by Propwash72 (Post 2607241)
This is probably a stupid question...but how do we get down to the Crew Outfitters in ATL?

It used to be in a SIDA last time I checked. I remember reading somewhere that the one in the airport closed but they still have the one on Virginia Ave open.

SGRogue 06-02-2018 11:43 AM

Quote:

Originally Posted by seminolepilot (Post 2607301)
It used to be in a SIDA last time I checked. I remember reading somewhere that the one in the airport closed but they still have the one on Virginia Ave open.

The one Under A concourse is still there. Call them and they’ll escort you down. Otherwise, new location on Virginia Ave.

Baradium 06-02-2018 10:44 PM

Quote:

Originally Posted by SGRogue (Post 2607318)
The one Under A concourse is still there. Call them and they’ll escort you down. Otherwise, new location on Virginia Ave.

The Virginia Ave location has been there for some time. I take it the C concourse location closed which is too bad.

clueless 06-03-2018 03:17 AM

I have a question that might be silly...how do I expense a cab? Long story, but the hotel wouldn't pick me up from CAE in msp...there are no reimbursement forms online (as far as I can find). thanks

MIkeFavinger 06-03-2018 04:49 AM

Quote:

Originally Posted by clueless (Post 2607542)
I have a question that might be silly...how do I expense a cab? Long story, but the hotel wouldn't pick me up from CAE in msp...there are no reimbursement forms online (as far as I can find). thanks

You have to use a program called Concur on Deltanet. However, if it’s the first time you’ve used it, you need to email base management to get access. Once you do, they’ll send you a form to fill out and email back. After that, your account will be up and ready to use in a couple of days.


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