Archive for the ‘Individual 401K’ Category

Can You Adopt a Separate Individual 401(k) for Another Business

November 15th, 2017

One must first determine whether adopting the additional Solo 401(k) would violate the CONTROLLED GROUP RULES set up by the IRS and Department of Labor. The Controlled Group Rules were created essentially to protect employees from a business owner or executive establishing a separate 401(k) plan for another business and thereby not offering those employees […]

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Helpful Tips for Real Estate Investing with an Individual 401k

November 6th, 2017

IRA Financial Group’s Self-Directed Individual 401(k) Plan, also called a Solo 401(k), offers one the ability to use his or her retirement funds to make almost any type of investment on their own without requiring the consent of any custodian or person. The IRS and Department of Labor only describe the types of investments that […]

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Who Can Benefit from an Individual 401(k) Plan?

October 9th, 2017

The Individual 401(k), also known as a  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 […]

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Individual 401(k) Contribution Limits for 2017

September 4th, 2017

Under the 2017 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount of $18,000. That amount can be made in pre-tax or after-tax (Roth). On the profit sharing side, the business can make a 25% (20% in the case of a sole […]

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How To Select The Best Individual 401k Provider

April 17th, 2017

Selecting the best Individual 401(k) plan provider is an important decision that should be researched thoroughly.  Below are several tips to help you select the best Individual 401(k), also known as a  Solo 401(k) Plan, provider for your self-employed or small business retirement plan. 1. Always Make Sure You Are Working With a Tax & […]

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How to Use an Individual 401k to Flip Houses

August 8th, 2016

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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Checkbook Control of Your Individual 401(k) Plan

July 15th, 2016

An Individual 401(k), also known as a Solo 401(k), is perfect for sole proprietors, small businesses and independent contractors. A Solo 401(k) plan is generally also referred to as a “checkbook control” Qualified Retirement Plan. In each case, a 401(k) plan is established whereby the participant serves as trustee and administrator of the Plan providing […]

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The Individual 401k Rules

June 8th, 2016

An Individual 401K Plan also called a Solo 401K Plan offers a self-employed business owner the ability to use their retirement funds to make almost any type of investment tax-free, including real estate on their own without requiring custodian consent. As long as a business exists with no full-time employees other than the owner and […]

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