Self-Directed IRA or Solo 401K – What is the Better Retirement Strategy for Me?

April 25th, 2013

At one point in everybody’s life they have or will contemplate the dilemma of what retirement plan is best suited for them. There are over 45 million IRA today. However, that does not necessarily mean the Self-Directed IRA is the right retirement strategy. A Self-Directed IRA, which is governed by the rules pursuant to IRC [...]

January 3rd, 2013

Self-employed individuals and business owners can defer up to $51,000 and $56,500 if over 50 years old in 2013 Starting on January 1, the Internal Revenue Services (“IRS”) announced that elf-employed individuals and small business owners that have adopted a solo 401K plan for the 2013 taxable year will be able to make tax-deferral employee [...]

August 20th, 2012

One of the major advantages of using a Solo 401K retirement plan over an IRA is the high annual contributions that one can make on an annual basis. Unlike an IRA, a Solo 401k plan allows a plan participant to make up to ten times the annual contributions to the Plan. The contributions can be [...]

July 13th, 2012

Despite all the doom and gloom these days, small businesses are still chugging along and remain the heart and soul of the U.S. economy. Contrary to what you’ve heard, we still have a solid small business sector and a thriving services economy in health care, legal, information technology, plus specialty stores and services uniquely adopted the [...]

July 13th, 2012

It’s a matter of choice as to which one fits into your retirement plan - for example: The couple buying the beach house with their Roth IRA’s may be planning to take the house as a tax free distribution at retirement. That makes great sense, however the average return on that house by the sea could be as [...]

May 10th, 2012

No – a Solo 401(k) Plan is treated as a tax-exempt trust pursuant to Internal Revenue Code Section 401 and 501 and, thus, is not required to file an annual federal or state income tax return. The Solo 401K Plan was initially created to provide sole proprietorships and small business owners with no full-time employees [...]

May 7th, 2012

Want to establish a Solo 401(k) Plan at Chase but want more flexibility to invest in real estate, borrow $50,000, or make Roth after-tax contributions? IRA Financial Group Solo 401K Plan, is an IRS approved plan that was designed specifically for the self-employed or small business owner with no employees other than the owners(s). The [...]

May 7th, 2012

Want to establish a Solo 401(k) Plan at Vanguard but want more flexibility to invest in real estate, borrow $50,000, or make Roth after-tax contributions? IRA Financial Group Solo 401K Plan, is an IRS approved plan that was designed specifically for the self-employed or small business owner with no employees other than the owners(s). The [...]