What Does the IRS Say About the Solo 401(k) Plan?

June 14th, 2018

The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub.L. 93-406, 88  Stat. 829, enacted September 2, 1974) is an American federal statute that establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA contained sweeping changes […]

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What Types of Business Entities Are Best When Using a Solo 401(k)?

April 18th, 2018

The Solo 401(k) plan may be adopted by an individual sole proprietor, or any other business entity, such as an LLC, corporation, or partnership.  In general, in order to be eligible to benefit from the Solo 401(k) Plan, one must meet just two eligibility requirements: (i) The presence of self-employment activity. (ii) The absence of […]

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Three Reasons Why You May Want to Consider Using a Rollover Business Start-Up (ROBS) to Buy a Business or Franchise with your IRA or 401(k) Plan

April 10th, 2018

The Internal Revenue Code pursuant to Section 4975(d)(13) and ERISA have firmly codified the ability to use retirement funds to invest in the stock of a sponsoring company as long as certain IRS and ERISA rules are followed. The Rollover Business Start-up or ROBS arrangement typically involves rolling over a prior IRA or 401(k) plan […]

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5 Reasons Why Every Self-Employed Individual Should Establish a Solo 401(k) Plan

April 9th, 2018

A Solo 401(k) plan is not a new type of retirement plan. It is a traditional 401(k) plan covering only one employee. In general, in order to be eligible to establish a solo 401(K) plan, one must be self-employed or have a small business with no full-time employees (over 1000 hours during the year) other […]

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Impact On IRAs From Appeals Court Striking Down Department Of Labor’s Fiduciary Rule

March 19th, 2018

Here’s the latest article from Adam Bergman that first appeared on Forbes.com – On March 15, 2018, the Fifth Circuit Court of Appeals vacated the Department of Labor’s (DOL) fiduciary rule in a split decision, overturning a Dallas district court that was unwavering in its support of the rule. By a 2-1 vote, the appellate […]

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IRA Financial Group Podcast Episode 108: Fifth Circuit Court of Appeals Strikes Down DOL Fiduciary Rule for IRAs

March 16th, 2018

IRA Financial Group’s Adam Bergman discusses the March 15th, 2018 Fifth Circuit Court of Appeals strike down of the DOL Fiduciary Rule for IRAs. Click Here to Listen  

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Real Estate is Still a Popular Investment for Self-Directed IRA Investors!

March 7th, 2018

Most people mistakenly believe that their IRA must be invested in bank CDs, the stock market, or mutual funds. Few Investors realize that the IRS has always permitted real estate to be held inside IRA retirement accounts. Investments in real estate with a Self-Directed IRA LLC are fully permissible under the Employee Retirement Income Security […]

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A Brief History of the Individual 401(k) Plan

January 30th, 2018

401(k) plans are named after the section of the Internal Revenue Code in which they appear, and apply to private sector employers. An Individual 401(k) plan, also called a Solo 401(k), a one-participant plan, self-employed 401(k) or self-directed 401(k) plan is a qualified retirement plan that was designed specifically for the self-employed or small business […]

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