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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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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The Facts About the Solo 401(k) Plan

March 7th, 2014

The Solo 401(k) Plan is essentially a regular, plain-old, vanilla 401(k) plan that has one participant, who is a self-employed individual, or that person and his or her spouse. There is some misinformation being disseminated about these plans and we would like to set the record straight. We want to let you know what is […]

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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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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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Demand for Solo 401(k) Plan to Continue to Grow In Light of Annual Self-Directed IRA SEP Contribution Limitation Increase for 2014,

January 17th, 2014

2014 Self-Directed SEP IRA contributions to increase by $1,000, solo 401(k) plan continues to offer more tax and retirement benefits Starting on January 1, 2014, the Internal Revenue Services (“IRS”) announced that the maximum one can contribute to a SEP IRA cannot exceed the lesser of: (1) 25% of compensation, or (2) $52,000 for 2014. […]

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IRA Financial Group Reviews – Best Retirement Plan for the Self-Employed

January 14th, 2014

When it comes to looking for the best retirement plan for the self-employed or small business owner with no full-time employees other than himself/herself or a spouse, the options generally include the SEP IRA and the solo 401(k) Plan.  Generally, unless one has earned sufficient income to max out on a SEP IRA contribution (typically […]

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