Solo 401k Loan for Any Purpose

May 22nd, 2013

Internal Revenue Code Section 72(p) allows a Solo 401K Plan participant to take a loan from his or her 401K Plan so as long as it is permitted pursuant to the business’s 401K Plan documents. A solo 401k loan is permitted at any time using the accumulated balance of the solo 401k as collateral for [...]

May 20th, 2013

A Solo 401(k) plan” is an IRS approved retirement plan, which is suited for business owners who do not have any employees, other than themselves and perhaps their spouse. The “one-participant 401(k) plan” or individual 401(k) Plan is not a new type of plan. It is a traditional 401k plan covering only one employee. Like [...]

May 7th, 2013

The Roth Solo 401K Plan is the ultimate tax-free retirement solution for the self-employed. With federal and state income tax rates expected to increase in the future, gaining the ability to generate tax-free returns from your retirement investments when you retire is the last surviving legal tax shelter. With a Roth Solo 401K you can [...]

May 3rd, 2013

When it comes to using retirement funds, such as a Solo 401K Plan, to make investments, the question arises whether a Solo 401K Plan can utilize a loan as part of the transaction. The IRS has always allowed a Solo 401K Plan to make traditional as well as non-traditional investments such as real estate. However, [...]

May 1st, 2013

Solo 401(k) Plan would allow real estate professionals to defer up to $56,500 for 2013 IRA Financial Group, the leading facilitator of Solo 401(k) Plans has seen a strong demand from real estate agents looking to establish Solo 401k real estate Plans for the business in order to reduce their taxable income in 2013. As [...]

March 13th, 2012

A Solo 401K Plan offers a self-employed business owner the ability to make high contribution limits (up to $55,500) as well as borrow up to $50,000 for any purpose. In addition, a Solo 401(k) Plan allows a a plan participant to use his or her retirement funds to make almost any type of investment, including [...]

March 5th, 2012

There are a number of significant advantages of establishing a Solo 401K over an IRA. The first major advantage of a 401K or Solo 401K plan over an IRA is in the area of annual contributions.

March 5th, 2012

If you are self-employed and have retirement funds, then the Solo 401(k) Plan is an ideal structure for starting a new business or financing an existing business.