Purchasing Real Estate with a Solo 401k or Self DIrected IRA

March 17th, 2014

It’s a little-known fact that Real Estate can be purchased with retirement account funds. When using a Self-Directed IRA LLC or Solo 401(k) for investments in real estate, your profits are tax-deferred back into your retirement account. More important, if you have full checkbook control over your Self-Directed IRA LLC or Solo 401(k), the purchases […]

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Growing Number of Entrepreneurs in 2013 used Solo 401(k) Plan Loan To Finance A Business or Franchise

March 7th, 2014

Solo 401(k) Plan $50,000 loan feature allowing entrepreneurs to finance their new business or franchise without seeking outside financing, tax, or penalty IRA Financial Group, the leading provider of solo 401(k) plans for self-employed and small business owners, announces the findings of its 2013 annual transaction report, which showed a growing number of entrepreneurs using […]

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How Do I know My Solo 401(K) Plan is Legitimate?

February 19th, 2014

It is very important that when adopting a solo 401(k) plan that the plan documents have been pre-approved by the IRS.  Once can confirm this by receiving a plan opinion letter generated by the IRS.  Generally, if an employer adopts a standardized master or prototype plan, the employer may rely on the master or prototype […]

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How To Buy Real Estate With My Solo 401K Plan?

February 12th, 2014

It is not widely known, but the IRS allows a 401(k) plan participant to buy real estate with their 401(k) plan.  As long as the solo 401(k) plan documents allow for it, a solo 401(k) plan participant is able to purchase real estate with their retirement funds.  The real advantage of using a solo 401(k) […]

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My Solo 401K Plan Loan Rules

February 12th, 2014

One of the more popular options of a solo 401(k) Plan is the loan feature.  Unlike an IRA which does not offer a loan feature, with a solo 401(k) Plan, an individual has the opportunity to borrow money from his or her solo 401k plan without any penalty or tax.   The Solo 401k allows […]

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Beware of Solo 401(k) Plan Providers Without an IRS Opinion Letter in Their Name

February 10th, 2014

Over the last few years there has been a growing number of company’s selling and marketing solo 401(k) plan documents. Unfortunately, a number of these new companies are selling plan documents without an IRS opinion letter or in some cases with an IRS opinion letter in the name of third-party. The Basic solo 401(k) plan […]

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IRA Financial Group Reviews – The Best Individual 401(K) Plan Providers

January 14th, 2014

The individual 401(k) Plan, also known as the solo 401(k) or Self-Directed 401(k) Plan, is an IRS approved type of qualified retirement plan which is suited for business owners who do not have any employees, other than themselves and perhaps their spouse. The individual 401(k) plan is not a new type of plan. It is […]

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Buying Real Estate With Your Self Directed IRA or Solo 401(k)

January 14th, 2014

It’s a little-known fact that Real Estate can be purchased with retirement account funds. When using a Self-Directed IRA LLC or Solo 401(k) for investments in real estate, your profits are tax-deferred back into your retirement account. More important, if you have full checkbook control over your Self-Directed IRA LLC or Solo 401(k), the purchases […]

Read More →