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@tyjameson7404 2 сағат бұрын
Very complicated video but with potential? This guy was to high paced? His fundamentals may be factual ? But he may be grant Cardone false profit!
@tyjameson7404 2 сағат бұрын
Pest control?
@kenzieel 4 сағат бұрын
I hope we will see 2% mortgage rates again 🤞🤞🤞
@Scottweeier846 4 сағат бұрын
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer...
@steveking8548 7 сағат бұрын
On mistake #5: You said you would take an $800,000 Roth over a $1mil Traditional IRA every time. But if you're assuming a 20% federal tax rate and 5% state tax rate, your $1mil Traditional would be equal to $700,000, not $800,000. It order to be fair, you would have to choose between a $1mil Traditional and $700,000 Roth. (Gotta watch those sales people.)
@babyblue7798 10 сағат бұрын
do i pay the taxes from my savings or is it to be deducted from the traditional IRA account? oh, not so good if I have to wait 5 years after converting it. I am 63 so it sounds like I still have to wait. either way, I have to pay. then i rung into the risk of my investment declining after i pay the conversion taxes, not good for me :(
@saorina0715 10 сағат бұрын
How do you invest in real estate by self directing 401k? My 401K is with Principal.
@kenzieel 11 сағат бұрын
You always give me such great ideas. I would like to know more about lending my money out with 12% interest ❤ such good info ❤
@MatSorensen 12 сағат бұрын
Ask Mat: matsorensen.com/ask-mat/
@77Tadams 12 сағат бұрын
Thank you for answering my question. Another question. You can borrow up to 50 percent on the Solo 401k for purchasing a property and you can fix that property up on your own. If you want to do the work yourself on the property. If you invest with the 401k then you cannot do the work yourself or your business cannot do the work--you have to hire a third party correct?
@KidLogicLTD 14 сағат бұрын
Great info! So I have a weird situation, just wondering your thoughts on. I have an old LLC I never ended up using, never had an EIN number issued, to the IRS the business is inactive, but to the state I just found out it is still an active business apparently, I'm going to start the process of doing a dissolution, but I think I still need to report to FinCen, however I can't get beyond the first page of the application without an EIN. Do I request an EIN now just to file the BOI? Any tips would be much appreciated, thanks!
@theliefilter6412 16 сағат бұрын
Did you count the down payment as profit?
@USCAVHOOAH Күн бұрын
If I want the depreciation available to offset W2 income, can I own the building personally and my Roth IRA own the land? Couldn't I get the depreciation benefits from the building and let my IRA purchase the land the building sits on and get rent to go into and grow my retirement acct? 16:24
@MatSorensen 12 сағат бұрын
Keep in mind you can only use real rates losses from depreciation to offset your W-2 if you or your spouse are a real estate professional. Most people aren’t. But in the IRA or 401k world you don’t pay taxes on gains or income so there is nowhere for the depreciation to go and you don’t get to say I’ll take losses from my ira against my personal income but leave the income or gains in the IRA. That’s better than paying tax and then getting promise depreciation to offset. No you can’t mix up the land and property between your IRA and personally. That would cause a prohibited transaction.
@TheTyrelMize Күн бұрын
I think starting a business would be more equal to buying land and building a house on it yourself. I think if you were to buy an already profitable business that's big enough to have management in place, that would be more comparable to buying cash flowing, appreciating real estate. Buying the business would still be a riskier venture and require some experience. However, you could put together some creative solutions such as recruiting a board of directors or selling some equity to current management to cover acquisition costs and improve your chances of success.
@canteromedia Күн бұрын
Great freakin video! All in on Real Estate 💯
@77Tadams Күн бұрын
Thank you for this. So you cannot work on a property that your Solo 401k purchases? What are the rules for working on the property?
@MatSorensen 12 сағат бұрын
Correct. You can’t do physical work or labor on a property your IRA or solok owns. You can manage and oversee the property but can’t do the actual physical work. You can also do administrative work (leases, take calls on property, collect rents in IRA LLC and pay expenses or manage property manager).
@TaxPayer-od5rr Күн бұрын
So I see the pattern here, they something that is very good for you, the limit is very low like ROTH and HSA. They something that is good for “them” like 401k the limit is very high.
@kandasamys7981 Күн бұрын
My Dream
@Donutkommando 2 күн бұрын
Do ubereats drivers qualify for a solo 401k?
@robertpurvis9659 2 күн бұрын
Please tell Clayton no blasphemy
@johnracheljeremiah 2 күн бұрын
He doesn’t even say what platform
@MatSorensen 2 күн бұрын
Our Crypto IRAs are on the Gemini Platform!
@JC-nh6ud 3 күн бұрын
I want to transfer my brokerage account to an LLC for privacy and protection. Is Wyoming a good option?
@AvatarVirtualPost 3 күн бұрын
Hi Mat I'm new to Real Estate investing Could you explain how did you come up with $280K from $360K
@MatSorensen 2 күн бұрын
The mortgage balance pay down over 10 years.
@flsupraguy 3 күн бұрын
The problem is this only works as along as property values continue to increase. If values don't rise then this doesn't work..... Unfortunately, the real estate ship has sailed. Small businesses (especially trades) are the future.....
@paulpapamarkos252 2 күн бұрын
lol it has not sailed. It goes up and down like anything but real estate will always be a strong investment
@flsupraguy 2 күн бұрын
@paulpapamarkos252 not in the bear market coming lol
@paulpapamarkos252 2 күн бұрын
@@flsupraguy again it goes up and down like any investment, however it’s one of the strongest long term. I was buying 2008 when people were losing their homes and everyone thought I was crazy and stupid. Those same people are now kicking themselves for not investing with me. 20 units later and I’m no longer working at 45 years old
@flsupraguy 2 күн бұрын
@paulpapamarkos252 yep and the storm is coming. Horrible time to buy
@paulpapamarkos252 2 күн бұрын
@@flsupraguy it’s never horrible to buy. You may lose at first but long term it will bounce back. You have to know how to buy that’s the difference. There are many deals out there just uneducated investors that go around and say it’s not a good time to buy. I had a deal come my way just yesterday.
@MatSorensen 3 күн бұрын
Ask Mat: matsorensen.com/ask-mat/
@rlzm_ 3 күн бұрын
How about if I am dollar cost averaging daily in etfs and I max out my Roth too soon in the year? What can I do to keep dollar cost averaging? Should I be doing that on a regular brokerage rather than a Roth? Thanks
@ISawSomethingOnTheInternet 4 күн бұрын
Interesting take. You do have to go into it knowing that you’re going to spend thousands of dollars in origination fees and closing costs, but fair point.
@blinkingred 4 күн бұрын
No you cant
@USCAVHOOAH 4 күн бұрын
I just got a notice that I was randomly selected for a record inspection from DOL. They want things like general ledger, financial statements, corporate minutes, and normal things that I would think they would want like W2s, 941s, etc. Why does DOL need general ledger and financial statements? Feels like an IRS audit.
@MatSorensen 2 күн бұрын
Good question, unfortunately they ask for everything even though they may not need it or even look at it. Are they auditing a labor issue or retirement account?
@USCAVHOOAH Күн бұрын
@@MatSorensen I think it's just checking records. The Alabama code they referenced, Sec 25-4-116 just talks about the requirement of keeping records. I was just confused on why the DOL is requesting documents to include my financial statements, corporate minutes, general ledger, etc. Thanks so much for the response!
@MatSorensen 4 күн бұрын
Ask Mat: matsorensen.com/ask-mat/
@77Tadams 6 күн бұрын
This is great information. I just started a self directed 401k with my husband and am working on funding it. This is a possibility to start investing with small amounts until I can get a mass amount in there. I will keep this in mind in the next fiew months. Thank you.
@rmbd2b12 6 күн бұрын
Any idea if the home address will be visible with a FOIA request? or is this data non-public?
@MatSorensen 7 күн бұрын
Ask Mat: matsorensen.com/ask-mat/
@legrans-ciajordonne5586 7 күн бұрын
Jason Sudeikis??!!
@TemaAhmed-dd5wm 8 күн бұрын
I'm favored, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America, all thanks to Ms Dorian j Townsend
@mikecouthor 8 күн бұрын
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Dorian j Townsend, has been an amazing experience.
@Despolos-ie2qs 8 күн бұрын
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build your dream life
@user-wr5yl3jf9j 8 күн бұрын
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $20K into trading from just few months ago and now they are multimillionaires
@dorenapabustan1065 8 күн бұрын
0:37 any idea if I can dabble on podcasting?
@Todayisthebest-ms1qv 9 күн бұрын
Ethan, great info. Thank you, Sir!
@nah6305 9 күн бұрын
What about a ny state trucking company. Looking to get cheaper insurance, what’s your thoughts on that
@BrandonRogers91 9 күн бұрын
Didn’t the home office tax break drop during covid
@kunjal-iy6ts 9 күн бұрын
Effective January 1, 2018, pursuant to the Tax Cuts and Jobs Act (Pub. L. No. 115-97), a conversion from a traditional IRA, SEP or SIMPLE to a Roth IRA cannot be recharacterized. The new law also prohibits recharacterizing amounts rolled over to a Roth IRA from other retirement plans, such as 401(k) or 403(b) plans
@kunjal-iy6ts 9 күн бұрын
Effective January 1, 2018, pursuant to the Tax Cuts and Jobs Act (Pub. L. No. 115-97), a conversion from a traditional IRA, SEP or SIMPLE to a Roth IRA cannot be recharacterized. The new law also prohibits recharacterizing amounts rolled over to a Roth IRA from other retirement plans, such as 401(k) or 403(b) plans
@RJ-gi2hf 10 күн бұрын
Another huge difference is that venture capital funds can qualify for QSBS tax treatment- tax free gains up to $10 million, & you don't need a Roth 401k/IRA for the tax free gains.
@tonymartinez5885 10 күн бұрын
Thanks for explaining the differences. Great info!
@MatSorensen 10 күн бұрын
Ask Mat: matsorensen.com/ask-mat/
@jaynelson8304 10 күн бұрын
I don't know that converting to the top of the 22% bracket is a no-brainer. In my case the last $139,000 would have an effective tax rate of 21%. Even if my portfolio doubles I'll be 90 before RMDs get large enough to create that much income. And inflation will also raise deductions, so probably older than that.
@anchaleegrinins1096 11 күн бұрын
Can a SDIRA own multiple LLC’s?
@newsjohnson 11 күн бұрын
Precise and to the point well done. Has anyone actually withdrawn from the HSA? What does the proper tax-free withdrawal look like, or is it just assumed that you mark this in your tax returns on a yearly basis if you use it?