Archive for the ‘SEP IRA’ Category

New Trump Passthrough Tax Plan Could Impact Retirement Savings for Small Business

May 5th, 2017

Proposed 15% tax rate on business income could reduce Solo 401(k) Plan and SEP IRA contributions IRA Financial Group, the leading provider of self-directed solo 401(k) plans, has issued a report that believes that President Trump proposed 15% tax rate for so called pass-through businesses, such as partnerships, LLCs and S Corporations, will help many […]

Read More →




Retirement And Educational Savings Tax Planning Tips To Lower Taxes In 2017

April 24th, 2017

Now that the tax filing deadline has passed for the 2016 tax year, this is a perfect time to start thinking about some simple ways to boost retirement savings and at the same time lower overall tax liability for 2017. Start Thinking IRA: For 2017, the maximum IRA contribution is $5,500, or $6,500 if you […]

Read More →




Tax Filing Tips To Save On Taxes And Boost IRA Savings

March 22nd, 2017

Here’s an article from Forbes.com, written by our own Adam Bergman, talking about ways to save on taxes while boosting IRA savings – With the individual tax-filing deadline date of April 18, 2017 for the 2016 taxable year quickly approaching, reviewing some of the ways one can save taxes as well as boost his or […]

Read More →




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 […]

Read More →




Can You Make Contributions to Both a SEP and a Solo 401k?

December 16th, 2016

Yes, you are permitted to make contributions to both a SEP IRA and a Solo 401K Plan. In other words, a business can have both a SEP IRA and a Solo 401(K) Plan, although, there is generally no advantage for a business to have both active at the same time. A Solo 401(k) Plan includes […]

Read More →




IRA Financial Group Proud To Offer Self-Directed SEP IRA with No Transaction fees or Account Value Fees

October 17th, 2016

Checkbook control self-directed SEP IRA is an open architecture trustee directed retirement plan for the self-employed and 2015 Contribution Deadline is October 17, 2016 IRA Financial Group, the leading provider of self-directed IRA and Solo 401(k) plans, is proud to offer one of the nation’s only self-directed SEP IRA plans that does not include any […]

Read More →




Can I Contribute to Both a Solo 401k and a SEP IRA?

October 5th, 2015

Yes. You can make contributions to both a SEP and a Solo 401(K) Plan. In other words, a business can have both a SEP IRA and a Solo 401(K) Plan, although, there is generally no advantage for a business to have both active at the same time. A Solo 401(k) Plan includes both an employee […]

Read More →




How Do You Set Up a SEP IRA?

August 10th, 2015

A SEP is established by adopting a SEP agreement and having eligible employees establish SEP-IRAs. There are three basic steps in setting up a SEP, all of which must be satisfied. A formal written agreement must be executed. This written agreement may be satisfied by adopting an Internal Revenue Service (IRS) model SEP using Form […]

Read More →