All Forum Posts by: Jeff Nash

I am not an attorney, but work closely with a national firm that helps address your questions.  If your mother still has access to the law firm that set up her estate plan I would first contact them to assist. I have my opinion, but don't want to overstep in the legal space.

I agree with @Denver McClure.  Sometimes the qualitative factors are more important than the quantitative.  It depends on the degree to which you don't love your job!

If possible, I would consider a self-directed Solo 401K over a SEP and then consider your options.  If you think you can get a great return with a syndication compared to other alternatives, then go for it.  The other respondents gave options to consider as well. 

Unfortunately, real estate and taxes together have plenty of nuances and technicalities and the passive loss limitation  rules can be tricky.  Many syndications market the deductibility of losses and will disclose in their PPM”s to speak with your tax advisor as they do not know their investors situation (beyond Accredited Investor assertions)  and will disclaim providing legal or tax advice. If I had to venture an educated guess @Michael Plaks can share some literature that is relevant and helpful.  

As you probably know, your effective tax rate differs from your marginal rate. There are several considerations as @David M. addressed, but a rule of thumb is to consider your Federal marginal tax bracket as well as your applicable state tax rate and multiply that by the deduction to estimate your tax savings.  I emphasize estimate. There are bracket breakpoints at various income thresholds and I usually just run the numbers in tax software to precisely quantify various planning “what ifs”. 

There is a lot more information that is needed and it will be difficult to provide you with a good answer or recommendations in this type of forum.  

We would need to know your dad's age and who he inherited the IRA from and what their age and RMD situation was, his own separate tax situation now, his current SS benefits and situation, his goals/investment objectives/risk tolerance, etc. If it is a sizable sum relative to his own financial and tax situation you will want to model out the distributions and make assumptions based on some of the aforementioned.

@Doug Smith  also brings up a very good point as the larger custodians really do not offer self direction in the context of what we interpret and understand it to mean (being able to invest in real estate, private money lending, etc).

As progress continues to be made on the regulatory hurdles and the drama from the bad actors subsides that should bode well for the industry.  It continues to gain more acceptance from larger financial institutions and certain politicians so I think that is key and a bullish indicator.  It will continue to be volatile as every market has its ups and downs with severe drawdowns at times.

You provided a lot of good information but what I keyed off of is that you don’t have a great need at the moment to increase your liquidity.  If rates are at or near their peak then there will be better days ahead when you can reevaluate. So basically it seems prudent to stay the course just based on what you stated and not knowing everything about your situation.  

@Earl White I no longer reside in NJ but work closely with Tucker Fornale & Associates out of Springfield.  I’ll message you. 

I was curious and went to the website and signed up so that I could better understand what the options and capabilities are.  It appears to me that it is a newcomer and many things are in-progress that some more established software already has in place (ie.- linking accounts and integrations).  We use Right Capital for our firm and it is very comprehensive.