Archive for the ‘Solo 401K’ Category

What Types of Business Entities Are Best When Using a Solo 401(k)?

April 18th, 2018

The Solo 401(k) plan may be adopted by an individual sole proprietor, or any other business entity, such as an LLC, corporation, or partnership.  In general, in order to be eligible to benefit from the Solo 401(k) Plan, one must meet just two eligibility requirements: (i) The presence of self-employment activity. (ii) The absence of […]

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Who Benefits the Most From Using a Solo 401k Plan?

April 12th, 2018

Any sole proprietor or small business owner that wishes to make high annual tax-deferred or Roth contributions, as well as have the ability to borrow up to $50,000 from the plan tax-free. Under the 2018 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum annual employee deferral contribution in the […]

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5 Reasons Why Every Self-Employed Individual Should Establish a Solo 401(k) Plan

April 9th, 2018

A Solo 401(k) plan is not a new type of retirement plan. It is a traditional 401(k) plan covering only one employee. In general, in order to be eligible to establish a solo 401(K) plan, one must be self-employed or have a small business with no full-time employees (over 1000 hours during the year) other […]

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IRA Financial Group President – Adam Bergman – Accepted into Forbes Finance Council

April 9th, 2018

Forbes Finance Council is an Invitation-Only Community for Executives in Accounting, Financial Planning, Wealth and Asset Management and Investment Firms Adam Bergman, IRA Financial Group President, has been accepted into the Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management and investment firms. IRA Financial Group & IRA […]

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Not All Solo 401(k) Plans Are The Same

March 26th, 2018

Here’s the latest article by Adam Bergman that originally appeared on Forbes.com – A Solo 401(k) plan is not a new type of retirement plan. It is a traditional 401(k) plan covering only one employee. In general, in order to be eligible to establish a Solo 401(k) plan, one must be self-employed or have a […]

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What Kind of Investments Can Be Made with a Solo 401k Plan?

March 13th, 2018

A Solo 401(k) Plan offers one the ability to use his or her retirement funds to make almost any type of investment on their own without requiring the consent of any custodian or person. The IRS and Department of Labor only describe the types of investments that are prohibited, which are very few. The following […]

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Funding an Individual 401k Plan With a Rollover

March 6th, 2018

An individual who adopts an Individual 401(k), more frequently known as a Solo 401(k) Plan, may generally fund the Solo 401(k) Plan using two methods – the rollover process or by direct contribution. Most Solo 401(k) Plan documents will allow for the rollover of IRA or other pre-tax employer retirement funds, such as a 401(k), […]

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When Using a Solo 401k Plan, When Does UBTI Come Into Play?

February 27th, 2018

In general, most passive investments that your 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 as an 401(k) Plan undertakes any […]

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