Quick Recap of the 2018 Solo 401(k) Contribution Limits

January 6th, 2018

A Solo 401(k) participant can contribute to the plan as an employee and as employer. Employee Elective Deferrals For 2018, up to $18,500 per year can be contributed by the participant through employee elective deferrals. An additional $6,000 can be contributed for persons over age 50. These contributions can be up to 100% of the […]

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What You Should Know About Taxation Of Cryptocurrencies

January 3rd, 2018

Here’s an article that was first published on Forbes.com – If you spend or invest in virtual currencies, it is crucial to understand how virtual currency transactions are treated for tax purposes. IRS Notice 2014-21 The IRS addressed the taxation of virtual currency transactions in Notice 2014-21. According to the Notice, virtual currency is treated as […]

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Why Should You Self-Direct Your IRA in 2018

January 2nd, 2018

There are several reasons why you should Self-Direct your IRA for 2018 – Tax Advantages: With the Self-Directed IRA LLC, you have all the tax advantages of traditional IRAs, as well as tax deferral and tax-free gains. All income and gains generated by your IRA investment will flow back to your IRA tax-free. By using […]

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IRA Financial Group Sees 400 Percent Increase in Sales Since Offering Cryptocurrency Self-Directed IRA & Solo 401(k) Plan Solutions

December 29th, 2017

IRA Financial Group & IRA Financial Trust Company have become the leading self-directed IRA & Solo 401(k) Plan provider of cryptocurrency retirement account solutions IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans has seen over a 400 percent increase in sales since beginning to offer Bitcoin IRA and cryptocurrency […]

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What Happens When You Inherit a Solo 401k Plan?

December 28th, 2017

If you are a beneficiary (rather than the owner) of a qualified plan, such as a Solo 401(k), and receive a distribution as a result of the owner’s death, in general you have the following options: Pay ordinary income tax: If plan assets are distributed to you, then you will have to report the distribution […]

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What is a Self-Directed IRA LLC Operating Agreement?

December 27th, 2017

The LLC Operating Agreement is the core document that is referred to when issues concerning the LLC need to be resolved. The LLC Operating Agreement is the most important document for your Self Directed IRA. It is extremely important that you create an Operating Agreement for your Self Directed IRA LLC. The standard LLC Operating […]

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2017 Deadline for Making Individual 401(k) Contributions

December 26th, 2017

The deadline for making Solo 401K Plan contributions is typically dependent on the type of entity that has adopted the Solo 401K Plan as well as the type of contribution – employee deferral vs. profit sharing contribution. Sole Proprietorship Employee Deferral In the case of a sole proprietorship, a business owner under the age of […]

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Litecoins Becoming Popular Cryptocurrency with IRA Financial Group Self-Directed IRA Clients

December 21st, 2017

The high price for Bitcoins has created stronger demand for lower costs cryptocurrencies, such Litecoins & Ethereum. IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans, has seen a surge in demand for more reasonably priced cryptocurrency than Bitcoins, such as Litecoins and Ethereum. “With the price of Bitcoins increasing, […]

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