Using a Solo 401k for House Flipping Purposes

September 15th, 2017

Since the creation of the Solo 401(K) Plan back in the early 1980s, the IRS has always permitted a Solo 401(K) Plan to purchase, hold, or flip real estate.  By using a Solo 401(K) Plan, also known as a self-directed 401(K) Plan or Individual 401(K) Plan, to buy real estate, you will be able to […]

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IRA Financial Group Introduces New Solo 401(k) Plan Bitcoin Solution For Retirement Account Investors

September 13th, 2017

Solo 401(k) Plan option offers retirement account holders the ability to trade or hold Bitcoins and other cryptocurrency without tax IRA Financial Group, the leading provider of Self-Directed IRA LLC and Solo 401(k) Plan solutions, is proud to announce the introduction of the Bitcoin Solo 401(k) Plan option to all retirement account holders. IRA Financial […]

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Loans From 401(k) Plans Are Viable Last Resort For Hurricane Victims

September 7th, 2017

Here’s another article from Adam Bergman that appeared on – Hurricane Harvey has set a record for rainfall in the continental United States. It is estimated that some 100,000 homes have been affected by Harvey all with differing degrees of insurance coverage.  In addition, at least 37 people have died from the storm. Over […]

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Individual 401(k) Contribution Limits for 2017

September 4th, 2017

Under the 2017 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount of $18,000. 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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Self-Directing Your Solo 401k is Easy!

August 21st, 2017

A Solo 401K Plan also called a Self-Directed 401K offers a self employed business owner the ability to use their retirement funds to make almost any type of investment tax-free, including real estate, on their own without requiring custodian consent. Additionally, a Self-Directed 401K Plan will allow you to make high contributions to the Plan […]

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Lending Funds to a Related Corporation is a Solo 401(k) Prohibited Transaction

August 9th, 2017

Zacky v. Commissioner, TC Memo 2004-130 The Zacky case involved three separate loans all of which were prohibited transactions under Section 4975(c)(1)(B), (D) and (E). The taxpayer, Mr. Zacky, was the president and sole owner of Aspects Inc. (“Aspects”), a corporation that maintained a qualified profit sharing plan. Mr. Zacky was one of many participants […]

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New DOL Fiduciary Rules Increasing Demand for Alternative Asset Investments with IRA Funds

August 3rd, 2017

Increased regulation on IRA financial advisors has lead to increased demand for self-directed IRA real estate and Solo 401(k) real estate plans IRA Financial Group, the leading provider of self-directed IRA retirement solutions, has experienced strong demand for its self-directed IRA real estate and Solo 401(k) plan solutions in light of the Department of Labor […]

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Why You Should Work with a Trained Tax Attorney to Establish a Solo 401(k)

August 2nd, 2017

Sales Representatives Who Are Not Trained Tax Attorneys/CPAs Should Not Be Establishing Solo 401(k) Plans There are several companies on the internet that advertise themselves to be Solo 401(k) Plan providers and experts. However, in most cases, the people that would be involved in drafting your Solo 401(k) Plan documents, as well as advising you, […]

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