With Our Powers Combined: R.E. Investing & the "Four-oh Wunk"
By Austin Smith, Goomzee.com
(Goomzee)
A little bird fluttering about the office last week told me of a tantalizing opportunity for my 401(k). For those of you in the dark, a 401(k) is a retirement savings portfolio and can be used to facilitate investments. You may hear experts refer to it as a “four-oh wunk”; don’t be alarmed, this pronunciation also points to the same section of IRS Tax Code that serves as both an IRS Tax Code and the name of a retirement portfolio that can be used to facilitate investments. Among other things, the bird mentioned that I should be primarily looking into real estate investments. Although I had heard of the NMTC (New Market Tax Credit), the RTC (Rehabilitation Tax Credit), and the benefits of using these in conjunction with a 401(k), I asked why real estate is so important, especially ...
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