Archive for the ‘401(k)’ Category

What Are My Options If My 401(k) Assets I want To Rollover to an IRA or Solo 401(k) Was Subject to 20% Withholding Tax?

July 20th, 2017

Generally, under most Solo 401(k) Plans, distributions cannot be made until one of the following occurs: You die, become disabled, or otherwise have a severance from employment. The plan terminates and no successor defined contribution plan is established or maintained by the employer. You reach age 59½ or incur a financial hardship. The Solo 401(k) […]

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Solo 401(k) Plan 20% Withholding Tax on Distributions

July 20th, 2017

Generally, under most Solo 401(k) Plan, distributions cannot be made until one of the following occurs: You die, become disabled, or otherwise have a severance from employment. The plan terminates and no successor defined contribution plan is established or maintained by the employer. You reach age 59½ or incur a financial hardship. The distributions can […]

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What Happens if Tax Was Taken Out of a 401(k) Rollover Distribution Going to a Solo 401(k) Plan?

July 20th, 2017

Generally, 401(k) Plan distributions of elective deferrals cannot be made until one of the following occurs: You die, become disabled, or otherwise have a severance from employment. The plan terminates and no successor defined contribution plan is established or maintained by the employer. You reach age 59½ or incur a financial hardship. The distributions can […]

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Funding Your Startup with an IRA (ROBS)

April 25th, 2017

Leaving your job or thinking of leaving your job and have an IRA or 401(k) qualified retirement plan? Why not use your IRA or 401(k) Plan to invest in yourself instead of a volatile stock market? Why put your hard earned retirement funds in the hands of Wall Street when you can use your 401(k) […]

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Advantages of Using the Rollover Business Start-up to Fund Your Startup

April 14th, 2017

When it comes to using retirement funds to buy or finance a business that you or another “disqualified person” will be involved in personally, there is only one legal way to do it and that is through the Business Acquisition Solution, also known as a Rollover Business Start-Up (ROBS). The ROBS solution takes advantage of […]

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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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The Fiduciary Rule In Flux – The Impact On IRA Vs. 401(k) Plan Investments

February 28th, 2017

President Trump’s decision to delay the implantation of President Obama’s fiduciary rule, which was in the works for almost six years, put’s a pause on a framework that would have regulated the investment advice given to 401(k) plans and IRAs equally. Obama’s fiduciary rule aimed to protect retirement savers from bad advice and keep more […]

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What Baby Boomers Need To Know About Required Minimum Distributions

January 20th, 2017

This article originally appeared on Forbes.com – Nearly a quarter of Americans were born between 1946 and 1964, the typical definition of the baby boom generation. That is more than 75 million people.  For baby boomers, the largest generation in U.S. history before the millennials, 2017 will begin a process where hundreds of billions of […]

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