Archive for May, 2016

Info About Solo 401k Rules

May 31st, 2016

The Solo 401(k) Plan, also known as the Individual 401(k) or Self-Directed 401(k) Plan, is an IRS approved type of qualified retirement plan which is suited for business owners who do not have any employees, other than themselves and perhaps their spouse. The Solo 401(k) plan is not a new type of plan. It is […]

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Adam Bergman, IRA Financial Group Partner, Featured in Article on Retirement Saving

May 26th, 2016

Adam Bergman, a Partner with the IRA Financial Group, was quoted recently in the article titled, “Retirement won’t be comfortable for many retirees” on Marketplace.org. The article described the pending retirement crisis for many retirees. Adam Bergman, a tax attorney who specializes in the taxation of retirement accounts, was quoted on the importance of saving […]

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What Are the Contribution Limits for a Solo 401(k)?

May 24th, 2016

A Solo 401K participant can contribute to the plan as an employee and as employer. Employee Elective Deferrals For 2016, up to $18,000 per year can be contributed by the participant through employee elective deferrals. An additional $6,000 can be contributed for persons over age 50. These contributions can be up to 100% of the […]

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Using a Self Directed IRA for Private Lending and Notes

May 23rd, 2016

The IRS permits using retirement funds to make loans or purchase notes from third parties. By using a Self-Directed IRA to make loans or purchase notes from third parties, all interest payments received are tax deferred until a distribution is taken. In the case of a Self-Directed Roth IRA, all gains are tax-free. When engaging […]

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IRA Financial Group Podcast Episode 56: Using Leverage to Buy Real Estate or Buy Notes With a Retirement Account – Hidden Tax Pitfalls

May 19th, 2016

IRA Financial Group’s Adam Bergman discusses potential tax pitfalls related to UDFI when using leverage to buy real estate or notes with a retirement account.   Click Here to Listen  

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SEC Crowdfunding Rules May Trigger Unintended Tax Consequences

May 17th, 2016

This article originally appeared on Forbes.com, written by our own Adam Bergman: Beginning on May 16, 2016, small businesses and start-ups will be able to sell shares to the American general public on crowdfunding portals.  Under the Securities and Exchange Commission crowdfunding rules, an eligible company may raise up to $1 million on the internet […]

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IRA Financial Group Podcast Episode 55: The Real Cost Behind the ROBS Solution

May 13th, 2016

IRA Financial Group’s Adam Bergman discusses the Rollover Business Start-Up Solution, the rules behind it and the costs associated with creating and maintaining the plan.   Click Here to Listen  

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IRA Financial Group Podcast Episode 54: How to use a Self-Directed IRA to Make Peer-to-Peer Lending Investments

May 12th, 2016

IRA Financial Group’s Adam Bergman discusses how you can use your Self-Directed IRA to make Peer-to-Peer Lending Investments and tips for doing it the right way.   Click Here to Listen  

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