IRA Financial Group Introduces One-Day Set-Up Solo 401(k) Plan Solution for Sole Proprietors

February 25th, 2014

Individual 401(k) Plan solution can be set-up in one day and accept direct rollovers from former employer retirement plans tax-free and penalty-free. IRA Financial Group, the leading provider of self-directed retirement plans, announces the introduction of the one-day set-up solo 401k plan solution” for sole proprietors and small businesses owners. The one-day solo plan set-up […]

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Irs.gov solo 401k Rules

February 20th, 2014

Incredibly there are still a number of people that don’t believe that the solo 401(k) plan is an IRS approved plan.  Those same people state that the options available under the Solo 401(k) plan are simply too good to be true and they would have heard of this plan if it was approved by the […]

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How To Buy Real Estate With My Solo 401K Plan?

February 12th, 2014

It is not widely known, but the IRS allows a 401(k) plan participant to buy real estate with their 401(k) plan.  As long as the solo 401(k) plan documents allow for it, a solo 401(k) plan participant is able to purchase real estate with their retirement funds.  The real advantage of using a solo 401(k) […]

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My Solo 401K Contribution Rules

February 12th, 2014

One of the most popular reasons for having a solo 401(k) Plan is the ability to make high annual contributions in either pre-tax or after tax (Roth format).  Under the 2014 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount of $17,500. […]

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Risk of using a Solo 401(k) Plan Opinion Letter from a Non-Plan Sponsor

February 10th, 2014

Recently there has been a number of company’s selling and marketing solo 401(k) plan documents that may not have the requisite authority to do so.  Accordingly, a number of these companies are selling plan documents without an IRS opinion letter or in some cases with an IRS opinion letter in the name of third-party. The […]

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Beware of Solo 401(k) Plan Providers Without an IRS Opinion Letter in Their Name

February 10th, 2014

Over the last few years there has been a growing number of company’s selling and marketing solo 401(k) plan documents. Unfortunately, a number of these new companies are selling plan documents without an IRS opinion letter or in some cases with an IRS opinion letter in the name of third-party. The Basic solo 401(k) plan […]

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WSJ Opinion Discusses How Alternative Assets Such as Real Estate Could Help Optimize Millions of Retirement Portfolios

January 31st, 2014

An opinion in the Wall Street Journal on January 31 titled: It’s Time To Let 401(k) Holders Invest Like the Pros, written by Scott Higbee highlights the importance of including alternative assets in ones retirement portfolio.  The opinion discusses how more than 50 million Americans rely on 401(k) plans for their retirement that typically are […]

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IRA Financial Group Reviews – Best Retirement Plan for the Self-Employed

January 14th, 2014

When it comes to looking for the best retirement plan for the self-employed or small business owner with no full-time employees other than himself/herself or a spouse, the options generally include the SEP IRA and the solo 401(k) Plan.  Generally, unless one has earned sufficient income to max out on a SEP IRA contribution (typically […]

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