IRS Issues New Retirement Plan Contribution Limits for 2012 for Solo 401K Plan

November 8th, 2011

Among the biggest changes is an increase in the annual contribution limit from $16,500 to $17,000 for employees who participate in 401(k),

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Self-directed IRA tax deferral solution

August 1st, 2011

In searching for the optimum tax free investment, it becomes clear that the various forms of Individual Retirement Accounts (IRAs) offer distinct advantages. An IRA is available to the company-employed and self-employed. In traditional IRAs, contributions may be tax deductible, depending on income level, and investment earnings are tax deferred until withdrawn. Roth IRA contributions are not tax deductible, but qualified withdrawals are tax-free. Unlike Roth IRAs, traditional IRAs are subject to required minimum distributions at the age of 70 1/2.

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