perhaps it would make sense to create a forum for Roth IRA/IRA investing?
:violin:
perhaps it would make sense to create a forum for Roth IRA/IRA investing?
:violin:
Anyone else have thoughts on this?
Joshua Dorkin, BiggerPockets, Inc.
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Joshua,
I think it is a terrific idea as it will be a big 2010 topic since everyone can transfer funds from a traditional to a ROTH IRA and eveyone should start thinking about it. It certainly is a much bigger topic than the HSA topic that I commented on.
It will be a way to buy properties and have no capital gains tax if held until age 59 and 1/2. For those that want to do that, it is a terrific opportunity. :mrgreen:
If you want to know more about how I feel about how important this topic is, you should see the ROTH and IRA topics on my blog at: :D
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You've got my vote. I've addressed and made comments on this subject many times. The ironic thing is that most Investors still don't realize just how powerful a Self Directed plan can be. Especially a Solo 401K plan. If you build it-they will come! At least I'll be there sharing my expertise. Or you can go to my blog and start getting educated.
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I like this idea too. I use my SDIRA to buy tax liens but will eventually graduate into bigger and better stuff. That forum would be a great place to share or ask questions.
I've been sitting on this fence a while. Seems a lot of companies ready to bring you on board and collect their fees, but, little specifics on the nitty gritty. I agree that the IRA to Roth, to SDIRA is going to grow, and would really like to hear more from those doing it, how it's working for them than relying on the industry hype.
Great idea. I think a mind boggling amount of REI financing will come out of these vehicles over the next couple of years.