Penalties for Engaging in a Prohibited Transaction with Your IRA

February 25th, 2014

In general, the penalty under Internal Revenue Code Section 4975 generally starts out at 15% for most type of retirement plans; however, the penalty is harsher for self-directed IRAs. IRA Holder or IRA Beneficiary Engages in a Prohibited Transaction Under IRC 4975 When a self-directed IRA or Roth IRA holder (owner) or beneficiary is involved […]

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Setting Up a Solo 401(k) Plan

February 24th, 2014

When looking to establish a solo 401(k) Plan it is imperative that one works with tax and ERISA experts who understands the rules and regulations surrounding the adoption, maintenance. With IRA Financial Group, you will work directly with tax attorneys and CPAs to help establish your IRS compliant solo 401(k) Plan. The Solo 401(k) plan […]

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Can a Sole Proprietor Have a 401k?

February 20th, 2014

The Solo 401(k) Plan, also known as the individual 401(k) plan or self-employed plan was designed specifically for a person with self-employment income who is a sole proprietor or a small business owner with no full-time employees.. The Solo 401(k) plan, also called the “one-participant 401(k) plan”, is not a new type of plan. It […]

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Can a Self-Employed Person Have a 401k

February 20th, 2014

The Solo 401(k) Plan, also known as the individual 401(k) plan or self-employed plan was designed specifically for a person with self-employment income. The Solo 401(k) plan, also called the “one-participant 401(k) plan”, is not a new type of plan. It is a traditional 401(k) plan covering only one employee. The plans have the same […]

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Irs.gov solo 401k Rules

February 20th, 2014

Incredibly there are still a number of people that don’t believe that the solo 401(k) plan is an IRS approved plan.  Those same people state that the options available under the Solo 401(k) plan are simply too good to be true and they would have heard of this plan if it was approved by the […]

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Rules About the IRA Rollover

February 14th, 2014

Individuals may generally rollover their retirement savings between eligible defined contribution plans, defined benefit plans and pre-tax IRAs, including SEP IRAs and SIMPLE IRAs to a Self-Directed IRA. Eligible defined contribution plans include qualified 401(k) retirement plans under Internal Revenue Code Section 401(a), 403(a), 403(b), and governmental 457(b) plans. Individuals may also roll over after-tax […]

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IRA Financial Group Clients Invested Over $420 Million in 2013 Helping to Spur U.S. Real Estate Market

February 14th, 2014

IRA Financial Group Clients Invested Over $420 Million in 2013 Helping to Spur U.S. Real Estate Market, According to IRA Financial Group Report IRA Financial Group, the leading facilitator of self-directed IRA LLC & Solo 401(k) plan solutions, announces that in 2013 its self-directed IRA and solo 401(k) plan clients invested over $420 million in […]

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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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