Accounting

  

How can I use a realized investment loss to my advantage? Can I claim investment losses in retirement accounts?  How much can I deduct in a year? What is the rule of 72?  Do you feel this rule is reliable?

Question 1:  How do REITs compare to mutual funds?

Question 2:  List 3 advantages and disadvantages of owning rental property.

Question 3:  Define ROI.

Question 4:  What is the maximum IRA contribution for someone over age the age of 50 and under the age of 50.

Question 5:  Can you invest in a retirement plan through your employer and still invest in an IRA (Yes or No)?

Question 6:  Explain the tax implications of drawing your money out of a Traditional IRA before the age of 59.5 (assuming this is not a distribution that is considered an early withdrawal exception)?