Archive for the ‘Individual 401K’ Category

Customized Solo 401(k) Plan for Real Estate Professionals

May 16th, 2013

In 2002, the Economic Growth and Tax Reconciliation Act granted the solo 401(k) equal benefits to a traditional 401(k), greatly popularizing the plan. The flexible retirement plan quickly gained widespread praise and recognition– mainly for its substantially higher contribution limits, which include employee deferral contributions as well as profit sharing contributions. For 2012, the maximum [...]

May 15th, 2013

If you are self-employed or own your own small business, there are several retirement plan options available to you. Here is a list of four choices along with each plan’s pros and cons: SIMPLE IRA The Savings Incentive Match Plan for Employees (SIMPLE) IRA is suitable for many small businesses. If you have 100 or [...]

May 14th, 2013

Though unemployment rates have slowly dropped over the past few months, there are still many Americans out there who don’t have jobs. Whether you were laid off, quit or are simply can’t find a steady paycheck, you still need to find a way to save for your retirement. One of your options may be a [...]

May 13th, 2013

With a Solo 401(k) Plan, as trustee of the Plan, you no longer have to get each 401(k) Plan investment approved by the custodian of your account. This means that all assets of the 401(k) trust are under the sole authority of the Solo 401k Plan participant (you). A Solo 401(k) plan allows you to [...]

May 9th, 2013

The Solo 401(k) plan is unique and so popular because it is designed explicitly for small, owner only business. It’s a tax efficient and cost effective plan that offers all the benefits of a Self Directed IRA plan, and includes additional benefits, such as high contribution limits (up to $49,000) and a $50,000 loan feature. [...]

May 8th, 2013

IRA Financial Group, the leading provider of self-directed IRA LLC “checkbook control” solutions, has witnessed a growing number of retirement investors looking to use their retirement funds to buy real estate in emerging markets, such as Africa, the Middle East, and Latin America. “Over the last year, we have a witnessed a surging number [...]

May 3rd, 2013

In general, an individual with an IRA is permitted rollover existing IRA funds to a new Solo 401(K) Plan. The IRA rollover can be in cash or in-kind assets, such as real estate or notes. The IRS allows IRA holders to rollover IRA funds and assets in a 401(k) qualified retirement plan. Note – Roth [...]

May 3rd, 2013

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 to make traditional as well as non-traditional investments such as real estate. However, [...]