Solo 401(k) Contribution Rules for 2014

March 17th, 2014

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. That amount can be made in pre-tax or after-tax (Roth). On the profit sharing side, the business can make a 25% (20% in the case of a sole […]

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2014 Solo 401(k) Contribution Deadlines

March 13th, 2014

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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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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Retirees Looking to Use Retirement Funds to Start Family Business for Children

September 13th, 2013

Retirees bored with retirement looking to start new businesses for themselves and their families. IRA Financial Group, the leading provider of Self-Directed IRA and Solo 401(k) Plans, has seen an increase number of retirees looking to use their retirement funds to start new businesses with family members. “We have heard from a number of retirees […]

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The IRS Position for Using Retirement Funds to Start a Business

August 28th, 2013

The Employee Retirement Income Security Act of 1974 (otherwise known as ERISA) and the Internal Revenue Code clearly allow for the use of retirement funds to acquire or invest in a new or existing business as long as the transaction complies with IRS and ERISA rules and regulations. Business owners have been using retirement funds […]

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Solo 401k Contribution Limits

August 26th, 2013

Unlike an IRA, a Solo 401k plan allows a plan participant to make high annual contributions to the Plan. The contributions can be in the form of pre-tax or Roth type contributions (after-tax). The annual Solo 401k contribution consists of 2 parts, an employee salary deferral contribution and an employer profit sharing contribution. In 2013 […]

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IRA Financial Group Introduces Specialized In-House CPA Service for Solo 401(k) Plan Clients

August 14th, 2013

New expert in-house CPA tax and ERISA service will be dedicated solely to assisting clients with individual 401(k) Plans on all tax and filing matters IRA Financial Group, the leading provider of open architecture self-directed Solo 401(k) Plans announces the introduction of its new in-house CPA service specifically dedicated to assisting Solo 401(k) Plan clients […]

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Solo 401K Contribution Deadline

August 7th, 2013

The deadline for making Solo 401K Plan contributions is typically dependant on the type of entity that has adopted the Solo 401K loan 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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