Archive for the ‘Solo 401K’ Category

Solo 401(k) Eligibility

June 18th, 2013

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) Plan, investors must meet just two [...]

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 10th, 2013

IRA Financial Group, the leading Solo 401K Plan provider of IRS compliant plans, has seen a significant increase in the number of self-employed and small business owners moving from the SEP IRA to the Solo 401(k) plan. A report generated by the IRA Financial Group has shown that since the beginning of 2013, a growing [...]

June 6th, 2013

The IRA Financial Group Individual 401(k) Home Purchase Plan allows investors to borrow up to $50,000 from their retirement funds to purchase a primary residence. A Solo 401(k) loan is permitted at any time using the accumulated balance of the Solo 401(k) as collateral for the loan. A Solo 401(k) participant can borrow up to [...]

June 5th, 2013

In general, an individual who has a full-time job can still adopt a Solo 401K plan, assuming that individual generated self-employment income in a business with no other non-spouse full-time employees. The Presence of Self Employment Activity Self employment activity generally includes ownership and operation of a sole proprietorship, Limited Liability Company (LLC), C Corporation, [...]

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 29th, 2013

The IRA Financial Group,the leading provider of IRS compliant Solo 401(k) Plans, announces the strong demand from software developers for self-directed Solo 401(k) Plans Vs. the SEP IRA. “Until recently software developers were looking to establish a SEP IRA as their retirement vehicle of choice,” stated Adam Bergman, a tax attorney with the IRA Financial [...]