Can you really use the special COVID rule to invest right now with your IRA, tax-free?
This question will be answered in this episode of Noteschool with Eddie Speed, Brian Lauchner, and Joe Varnadore, with their special guest, Kevin Stokes.
Kevin is an Apache pilot for Idaho Air National Guard. Joe and Eddie met Kevin and his wife Susan almost two years ago in a three-day class of Noteschool.
According to Joe, Kevin and his wife are what they call in Noteschool a “ninja” meaning they are buying or flipping a lot of houses.
For Kevin, at first, their goal is Buy and Hold properties. This is what they have learned but then he realized that he did not like the business of buy and hold. For this reason, he looked for a better way and this is why he landed at Noteschool.
Ever since Kevin and his wife met Eddie in Noteschool they started learning and analyzing notes because they are interested in investing. For so long they are trying to move out of the buy and hold mentality.
Learning and usings notes have become Kevin’s way of leveling up and thinking bigger. And now they have a business in nine states
Kevin took advantage of a program that started as part of the “Cares Act Distribution” that was launched last March 2020 by using his IRA.
If you are interested in learning how Kevin was able to invest in notes by taking a chance in using this program continue watching this video.
Take advantage of a Special Covid Rule – “Cares Act Distribution” that allowed one of our students to take a $153,000 Distribution from a Corporate 401K.
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