Changes to IRS Form 5498 with Regards to Your Self-Directed IRA

March 27th, 2017

For Tax Year 2015 and beyond on IRS Form 5498, the IRS now requires IRA custodians to separately specify transactions which involve certain Self-Directed IRA investments The information on Form 5498 is submitted to the Internal Revenue Service by the trustee (IRA custodian) of your individual retirement arrangement (IRA) to report contributions, including any catch-up […]

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How Does the Prime Rate Hike Affect Your Solo 401k?

March 24th, 2017

A Solo 401k loan is permitted at any time using the accumulated balance of the Solo 401k as collateral for the loan. A Solo 401(k) participant can borrow up to either $50,000 or 50% of their account value – whichever is less. This loan has to be repaid over an amortization schedule of five years […]

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Tax Filing Tips To Save On Taxes And Boost IRA Savings

March 22nd, 2017

Here’s an article from, written by our own Adam Bergman, talking about ways to save on taxes while boosting IRA savings – With the individual tax-filing deadline date of April 18, 2017 for the 2016 taxable year quickly approaching, reviewing some of the ways one can save taxes as well as boost his or […]

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Completing IRS Form 5500 for Your Individual 401k

March 20th, 2017

In general, the solo 401(k) plan, also known as an Individual 401(k), is easy¬†to operate. There is¬†generally no annual filing requirement unless the fair market value of your solo 401(k) plan asset exceeds $250,000, as of December 31 of the previous year. If your solo 401(k) plan assets exceed $250,000 as of 12/31 of the […]

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IRA Financial Group Vs. Fidelity Solo 401k Plan

March 16th, 2017

The Solo 401K Plan, also known as the Individual 401K or Self Directed 401K Plan is an IRS approved plan that was designed specifically for the self-employed or small business owner with no employees other than the owners(s). Since the adoption of the 2002 Economic Growth and Tax Reconciliation Act, the Solo 401K Plan has […]

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How to Use a Self-Directed 401k Loan to Make an Investment

March 15th, 2017

When it comes to using retirement funds, such as a Solo 401K Plan, to make investments, the question arises whether a Solo 401K Plan can utilize a loan as part of the transaction. The IRS has always allowed a Solo 401K Plan, also known as a Self-Directed 401K, to make traditional as well as non-traditional […]

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How to Use Your 401k Funds to Purchase a Business

March 13th, 2017

Leaving your job or thinking of leaving your job and a have 401(k) qualified retirement plan or other type of retirement plan? Why not use your retirement funds to invest in yourself instead of a volatile stock market? Why not use your 401(k) funds on a business you can run, manage, and even earn a […]

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Documents You Need When Opening a Solo 401k Plan

March 9th, 2017

IRA Financial Group will help you set-up your Solo 401(k) plan quickly, professionally, and economically. The IRA Financial Group is attorney-owned and operated and its on-site tax and ERISA professionals will personally customize your Solo 401(k) Plan to fit the needs of your business as well as satisfy your retirement and tax planning goals. Once […]

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