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FU - Getting $200,000 out of your Retirement Accounts NOW
Manage episode 259806956 series 1607883
Innhold levert av Damion Lupo. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Damion Lupo eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
The CARES Act and how it just gave you a couple hundred grand...maybe millions.
- Section 2022 allows you to take a Disbursement up to $100k out of your 401k, TSP, IRA, or any other qualified plan and either keep it (pay taxes over 3 years) or roll it over into a self directed plan like an eQRP® Boom!
- Section 2022 also allows you to borrow up to $100k from your 401k's, make no payments for a year and then pay it back over 5.
- Lastly the NOL, net operating losses in 2019 and 2020 can be applied backwards so you can get a tax refund from 2014-2018 with an amended return...more on that
Lastly, the opportunities are coming and will be some of the biggest of our lives in the next 2 years. Time to get ready is NOW.
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