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OK. This looks like the logical place to start.

I have decided to make a mid life career change and enter the wild and wack world of real estate. Yeah, I know. Millions get their license and millions drop out. However, I'd like to make a go of it.

Here are the questions. I had a 401(k) that was put into a Rollover IRA when I left one job. I also have a SIMPLE IRA from another job which, I understand I shouldn't touch for two years in order to avoid a 25% penalty. What should I do about establishing some type of tax deferred retirement plan as an independent contractor (Keough???[sp?]) and where do I go to read all about it? And can I put $2000 into each individual IRA and/or retirement plan? Can I or should I consolidate them?

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