Archive for March, 2017

Can You Flip Houses with a Solo 401k?

March 31st, 2017

Since the creation of the Solo 401(K) Plan back in the early 1980s, the IRS has always permitted a Solo 401(K) Plan to purchase, hold, or flip real estate.  By using a Solo 401(K) Plan, also known as a self-directed 401(K) Plan or Individual 401(K) Plan, to buy real estate, you will be able to […]

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IRA Financial Group Announces New Self-Directed Real Estate IRA Can Be Funded By IRA or 401(k) plan Rollovers from All Major Financial Institutions

March 29th, 2017

IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) plans announces that its new self-directed real estate IRA LLC can now be funded by tax-free rollovers from any IRA or employer 401(k) plan. IRA Financial Group’s self-directed IRA LLC solution can be funded by IRA rollover or contribution will allow one […]

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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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