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Hog Hunting
In the Ear? Really???
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<blockquote data-quote="Packrat 6" data-source="post: 1086661" data-attributes="member: 80288"><p>BTW, In reference to the above, my 401k rollover IRA is also set up to balance what I am required to take out by law as Required Minimum Distributions (RMD's) which are required by the Feds when you hit 70 1/2 years of age. </p><p></p><p>Since I'm an O.F., I have to take a certain amount out and after 2 1/2 years of retirement, my IRA balance is essentially the same as when I retired, However, to invest in Tax Liens it must be done in a certain manner and returned to the IRA in a certain manner. There are also Fee's from the IRA administrator to account for by doing this. If you have interest in this, check with your Lawyer, Accountant and IRA administrator and make sure you do it right!</p><p></p><p>Also note that interest on Tax Liens is taxable. I usually just absorb them on my tax return.</p><p></p><p>In fact don't do it at all unless you have someone helping you at first!</p><p></p><p>Packrat</p></blockquote><p></p>
[QUOTE="Packrat 6, post: 1086661, member: 80288"] BTW, In reference to the above, my 401k rollover IRA is also set up to balance what I am required to take out by law as Required Minimum Distributions (RMD's) which are required by the Feds when you hit 70 1/2 years of age. Since I'm an O.F., I have to take a certain amount out and after 2 1/2 years of retirement, my IRA balance is essentially the same as when I retired, However, to invest in Tax Liens it must be done in a certain manner and returned to the IRA in a certain manner. There are also Fee's from the IRA administrator to account for by doing this. If you have interest in this, check with your Lawyer, Accountant and IRA administrator and make sure you do it right! Also note that interest on Tax Liens is taxable. I usually just absorb them on my tax return. In fact don't do it at all unless you have someone helping you at first! Packrat [/QUOTE]
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In the Ear? Really???
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