SEP IRA

Posts Tagged ‘finance’

realestate2cash_SDIRA2of5.mov

Question: I want to cash out my entire IRA?

I have a SIMPLE IRA floating around from a previous job with about $1,000 in it, and i need to cash it out to pay off a credit card. I need to know if i can do this, how soon, and what are the consequences to it? i know it’s not a 401k but i know the IRA is similar, help?

Answer: with the simple, there’s a 25% penalty if you cash out within 2 years of when you started working for the company. longer than that, it’s a 10% penalty.

this is in addition to paying regular income tax on the value of the account.

Recessionproof Real Estate Investing with a Self Directed IRA LLC or Solo 401k

Question: are Credit Unions really better than Banks?

i’m just a simple checking acct kinda gal. not looking for loans or ira’s, just tired of Wamu and thinking it’s time to change, is it worth it for me? what do you look for when comparing credit unions if rates don’t apply?

Answer: The trade off is that for car or home loanes you will get a slightly better rate. The down side is that you will only have a few locations to go to unlike the larger bank.

Real Estate Financing – Seller paid Closing Costs with Low Down – RealEstateMarketingThisWeek.com