All Forum Posts by: James Meyer

Thanks again all for your suggestions. This is very helpful. It seems like there is no easy way out.

@Brian Eastman @Account Closed Thanks everyone for your inputs. 

My situation is that I wonder if I can use being a real estate agent as a strategy to save on taxes by creating a solo 401k. I doubt if I will be creating any income as a real estate broker. 

Another scenario I can think of is that my wife who is a stay-at-home mom can be a real estate agent and help with reducing tax burden by solo 401k. We file a joint tax return.

I put this question here to see if this is even practical or possible to pursue? Any help would be really appreciated. Happy to dial a call to someone who you think can help achieving this goal of mine if doable. 

Thanks again.

Hi,

I am a physician employed at a university hospital with W2 income. I have 403 and 457 retirement accounts through my employer.

I plan to get my real estate broker license this year and I wonder if I am eligible for solo 401 as a real estate agent. 

I would appreciate your input. Thanks.

Jim