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 […]
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
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
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.
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.
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