Archive for the ‘401(k)’ Category

Roth Conversion Stretch Option Could be Answer to Republican Tax Plan

November 16th, 2017

Republican tax writers on Capitol Hill are still considering changes to 401(k) retirement savings programs, downplaying President Donald Trump’s repeated pledges not to touch retirement account. A proposal to lower contribution caps to 401(k) plans, which are not taxed until money is withdrawn from them, could limit the amount Americans can save for retirement or […]

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You Can Use Your 401(k) Plan to Invest in a Business with ROBS

October 28th, 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? With the recent turmoil in the U.S. stock market and the downward trend expected to continue, why […]

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Retirement Accounts Appear To Be Big Winners Under Trump Tax Plan

October 2nd, 2017

Here’s an article written by Adam Bergman about the Trump Tax Plan and it’s effect on retirement savers – On September 27, 2017, President Trump and the Republicans leaders presented a tax plan that included sharp cuts in tax rates to both corporations and individuals. Under the Trump tax plan, the corporate tax rate would […]

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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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