Eligible Employer Small Business Credit Does Not Apply to the Solo 401(k) Plan

March 20th, 2013

The 2001 Economic Growth Tax Relief and Reconciliation Act included a provision that would allow small businesses to You may be claim a tax credit for part of the ordinary and necessary costs of starting a SEP, SIMPLE, or 401(k) qualified plan. The Solo 401(k) credit equals 50% of the cost to set up and […]

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Can I Serve as Manager of a Checkbook Control IRA LLC?

August 18th, 2011

The Swanson case makes it clear that an IRA holder may serve as manager, director, or officer of the newly established entity owned by is or her IRA

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A Solo 401K – Best Deal for Realtors

August 8th, 2011

The Solo 401K Plan offers a self-employed realtor the greatest retirement, tax, and investment advantages compared to a Traditional IRA, SEP, or SIMPLE IRA

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A Solo 401K – Right Retirement Verdict for Attorneys

August 5th, 2011

The Solo 401K plan is unique and so popular for sole practitioner attorneys because it is designed explicitly for small, owner only business.

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Transferring Retirement Funds to a Solo 401K Plan

May 27th, 2011

Transfer retirement funds such as a Traditional IRA, SEP-IRA, SIMPLE IRA, 401 K, 403b, and most other pre-tax retirement plans tax-free from your current custodian to any financial institution or credit union who can serve as your Solo 401K Plan custodian for no fee.

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Why Choose a Solo 401K Plan over a SEP IRA?

May 6th, 2011

Like a SEP IRA, a Solo 401k Plan offers the Plan participant the ability to contribute up to $49,000 each year

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