Archive for the ‘Solo 401K Contributions’ Category

Strong 1st Quarter Demand for Solo 401(k) Plan From Sole Practitioner Attorneys

June 17th, 2013

IRA Financial Group, the leading provider of self-directed Solo 401(k) Plans, announces strong 1st Quarter demand from sole practitioner attorneys for the IRS approved Solo 401k plan. A Solo 401K Plan, also known as an Individual 401K or Self Directed 401K offers a self employed business owner, such as a lawyer or attorney the ability [...]

June 13th, 2013

When it comes to determining what type of 401(k) qualified retirement plan is best for a self-employed individual or small business owner with no employees, it is important to look at all the options the plan provides to make sure it will satisfy your retirement planning, tax, and investment goals. Most financial institutions offer Solo [...]

June 4th, 2013

When using a Solo 401(k) to make a real estate investment there are a number of ways you can structure the transaction: 1. Use your Solo 401(k) funds to make 100% of the investment If you have enough funds in your Solo 401(k) to cover the entire real estate purchase, including closing costs, taxes, fees, [...]

May 20th, 2013

A Solo 401(k) plan” is an IRS approved retirement plan, which is suited for business owners who do not have any employees, other than themselves and perhaps their spouse. The “one-participant 401(k) plan” or individual 401(k) Plan is not a new type of plan. It is a traditional 401k plan covering only one employee. Like [...]

May 20th, 2013

IRA Financial Group, the leading facilitator of Self-Directed IRA LLC and Solo 401(k) Plans, announces a new free webinar as part of its educational series on the area of tax planning opportunities available for individuals and small business owners with retirement funds. The free webinar will be aimed at offering investors an extensive array of [...]

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 [...]