Archive for the ‘self-employed 401k’ Category

What Transactions Trigger the UBTI Tax with a Self-Employed 401(k)?

November 10th, 2017

In general, most passive investments that your Self-Employed 401(k), also known as a  Solo 401(k) Plan, might invest in are exempt from UBTI. Some examples of exempt type of income include: interest from loans, dividends, annuities, royalties, most rentals from real estate, and gains/losses from the sale of real estate. When an exempt organization such […]

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The Facts Concerning the Self Employed 401k Plan

October 3rd, 2016

The Self Employed 401(k) Plan, also known as a Solo 401(k) Plan, is essentially a regular, plain-old, vanilla 401(k) plan that has one participant, who is a self-employed individual, or that person and his or her spouse. There is some misinformation being disseminated about these plans and we would like to set the record straight. […]

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Eligibility Requirements for a Self-Employed 401k Plan

August 22nd, 2016

A Self-Employed 401(k), also known as a  Solo 401(k) Plan, is well suited for businesses that either do not employ any employees or employee certain employees that may be excluded from coverage. A Solo 401K plan is perfect for any sole proprietor, consultant, or independent contractor. To be eligible to benefit from the Solo 401(k) […]

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What Are the Contribution Limits for a Self Employed 401(k) Plan?

July 6th, 2016

A Self Employed 401(k) aka Solo 401K participant can contribute to the plan as an employee and as employer. Employee Elective Deferrals For 2016, up to $18,000 per year can be contributed by the participant through employee elective deferrals. An additional $6,000 can be contributed for persons over age 50. These contributions can be up […]

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Solo 401k Plan Name

February 29th, 2016

Considering how big and complex the IRC is, it may be surprising to learn that there are no IRS rules or regulations that directly relate to how you should title or name your Solo 401(k) plan. In general, the common practice is to include some variation of the business name that adopted the plan with […]

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Can a Self-Employed Person Have a 401k?

February 29th, 2016

The Solo 401(k) Plan, also known as the Individual 401(k) or Self-Directed 401(k) Plan, is an IRS approved type of qualified retirement plan which is suited for business owners who do not have any employees, other than themselves and perhaps their spouse. The Solo 401(k) plan is not a new type of plan. It is […]

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The Self-Employed 401K Plan – IRA Financial Group

December 5th, 2014

A 401(k) Plan is an IRS approved qualified retirement plan. As the name implies, the self-employed 401(k) plan is an IRS approved qualified 401(k) plan designed for a self-employed individual or the sole owner-employee of a corporation. It works best when there are no other employees or a very small number of employees. IRA Financial […]

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