Archive for the ‘Solo 401K’ Category

Recent Drop in Cryptocurrency Market Not Impacting Demand for Self-Directed Bitcoin IRA Products

February 7th, 2018

Many retirement cryptocurrency investors see recent downturn in cryptocurrency market as a strong buying opportunity IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans , has surprisingly seen continued strong demand from retirement account investors seeking to use IRA or 401(k) plan funds to purchase cryptocurrencies, such as bitcoin and […]

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Are You Eligible to Open an Individual 401(k) Plan for 2018?

February 6th, 2018

A Solo 401(k) plan, also known as an Individual 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 […]

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What To Know Before Deciding To Use Retirement Funds To Purchase Cryptocurrencies

February 1st, 2018

Here’s another article from Forbes.com talking about investing in cryptocurrencies with your retirement funds – The cryptocurrency craze has created enormous demand from retirement account investors who are seeking tax-efficient ways to purchase cryptocurrencies.  In addition, some retirement account investors have looked to cryptocurrencies as a way to better diversify their retirement portfolios.  Of course, […]

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A Brief History of the Individual 401(k) Plan

January 30th, 2018

401(k) plans are named after the section of the Internal Revenue Code in which they appear, and apply to private sector employers. An Individual 401(k) plan, also called a Solo 401(k), a one-participant plan, self-employed 401(k) or self-directed 401(k) plan is a qualified retirement plan that was designed specifically for the self-employed or small business […]

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Separating Myth And Reality Of How Cryptocurrencies Are Taxed And Regulated

January 29th, 2018

Here’s another article from Forbes.com that talks about Cryptocurrencies and Taxes – Surfing the web for information on how cryptocurrencies are taxed and regulated can lead to some mystifying and conflicting information. With the IRS and SEC starting to turn attention to the cryptocurrency industry, it is important to have accurate facts. The following are […]

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What Do You Get with an IRA Financial Group Solo 401(k)?

January 26th, 2018

With IRA Financial Group, you no longer have to spend $2500 to $5,000 or more to set up your Solo 401(k). IRA Financial Group provides Full Service Custom Retirement Solutions for significantly less than any company in the industry! Our one time low fee includes the following services: Free tax consultation with our Retirement Specialists […]

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Withholding Tax Rules with a Solo 401k

January 23rd, 2018

In 1993, Congress passed a mandatory withholding law. The law requires your plan administrator to keep 20% of all qualified plan (such as a Solo 401k) distributions to pay federal income tax before distributing the remainder to you. There are, however, some exceptions to the mandatory withholding rule. For example, amounts that are transferred directly […]

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Self-Employed for 2018? Check Out the Solo 401(k) Plan for Your Retirement Planning

January 18th, 2018

In 1981, the IRS formally described the rules for 401k Plans. The Solo 401k Plan is an IRS approved type of qualified plan. The Solo 401k plan is not a new type of plan. It is a traditional 401k plan covering only one employee. The plans have the same rules and requirements as any other […]

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