Re: IRA Help for a Professional Poker Player
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New question:
What about indivial 401k's?
Seems like another viable alternative that I could borrow against.
I need to make an appointment to see an accountant.
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Definately check into this. I did some of this research myself recently and came across the same thing. My situation was I had a 401k with money in it from a previous employer. My choices were to move that money into an IRA or an Individual 401k. I finally settled on the 401k because it has quite a number of advantages. I ended up working with a lawyer on the west coast (I live on the east coast) who specializes in this and is very helpful with any questions.
PM me if you want any specific links or info. I wasn't sure about putting links to a company in the forum.
Definately, definately research this possibility before putting your money in an IRA because once it's in there, it's in there.
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