Directed IRA Podcast Open Forum: Listeners Questions Answered!
Nov 25, 2024
In a lively open forum, listeners get expert answers on managing Required Minimum Distributions within IRA LLCs. The hosts dive into strategies for Roth conversions and rolling over Roth 401(k)s to solo 401(k)s. Critical tips on maximizing Social Security benefits and avoiding Medicare penalties are shared. There's also a discussion on using IRAs for real estate investment, including the intricacies of beneficiary designations. Finally, they explore effective college savings strategies and the advantages of Roth IRAs in real estate.
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Managing RMDs in IRA LLCs
- If you must take RMDs from an IRA LLC and can't take cash out, explore options like qualified charitable contributions.
- Consider taking the RMD from a different IRA not invested in an LLC if possible.
Roth 401(k) to Solo 401(k) Rollover
- Roll over a Roth 401(k) to a solo 401(k) if you're over 59.5 and want self-directed options.
- Ensure your solo 401(k) has a Roth account to receive the rollover.
Social Security and Medicare
- Delay taking Social Security as long as possible to maximize benefits.
- Apply for Medicare at 65 to avoid lifelong penalties.