All Forum Posts by: Armand P.

Hello-

I met with a Financial Advisor from Fidelity to go over my retirement accounts. Currently, I have a Roth IRA (that I contribute monthly) and a 401K with my current employer (company matchs up to 5%). I will be transitioning to a new company and they currently do not offer company matching. I have a few options:

1) I can leave the 401K with old employer as is and not do anything

2) I can roll it over to an IRA and have more investment options to choose from (per FA)

3) I can move it to new employer and contribute more into it each pay

Currently, I am in a self allocated portfolio which means that my $ is tied to a fund that starts off aggressive and moves towards conservative based on my expected retirement age. The FA suggested I consider having a Managed Account where account managers do the research and do a 85/15 allocation (85% equities and 15% fixed).

This is my future so I want to make sure that I am in the best position to capture the highs and minimize as much risk as possible.

If someone can provide me with insight and guidance I would greatly appreciate it.

Thanks!

Armand.

Hi Doreen-

Thanks for your reply. What about my contributions to 401K? In the above AGI figures I assume that I should be eligible to contribute to both?

Armand.

Hi

I am about to start a new job and wanted to get some clarity on how adjusted gross income can negatively impact both my 401K and Roth Ira.

I looked up the AGI for 2016 and it show a range between $61K-$71K. My new salary will fall within the range in 2017. I calculated that I will earn about $55K this year since I am leaving my current job this month.

My question is could I still contribute to the new 401K and Roth IRA without going above the AGI level? Also, if I am fortunate to make some $ while investing in real estate and it puts me over the AGI does this mean I would need to stop my contributions all together?

It's a complex situation, but I would appreciate some feedback so I can decide which direction to go.

Thanks,

Armand.

Hello-

My partners and I are seeking investor friendly RE agents in ST Louis MO. If you or someone you know can assist please PM me.

Thanks,

Armand

Hi

A few investors and myself are going to create an LLC. My question is would the LLC be created in the state in which we will be investing in?

Second, since I live in California and will be investing out of state how could I find out if I'd be subject to double taxation.

Lastly, would each member of the LLC get a copy of a 1099 for profits/loss at the end of the year. If the profits go into the LLC and get disturbed 1/3 what negative impact if any will it have?

I just want to cross my dot my I's and cross my T's b/c I know uncle Sam gets his share somehow...

Thanks!

AP.

Hi

If you or someone you know is a RE friendly agent please PM me. The specific areas we want to target are: Clayton, Platt and Jackson counties.

Thanks!

Armand

Hi Dmitriy-

Thanks for your reply. The good thing is that the new employer also uses the same benefit manager (fidelity). I will most likely just roll it over and increase my contributions.

They also have a ESP option that I currently have with old company. Is that also a good option for me to participate in? If so, how much is a good % to contribute into this? Are there any additional Tax saving benefits I should look into with new company? I will also will be receiving RSU's that will be vested for 4 years. I could opt to sell 25% after each year if I chose.  

Armand.

Hi Chris, will do! thanks 

Thanks, Ryan! I appreciate the referral!

Hi 

A few investors and I are seeking an investor friendly RE agents in Franklin County MO. Please PM if you or someone you know can assist. 

Thanks!

Armand.