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 […]
September 10th, 2013
Starting your own business comes with certain risks, both personal and financial. However, your retirement plan should not be one of them. No matter your age or how stable your finances are right now, you never what the future will bring, so saving for retirement should be one of your top priorities in life. You […]
August 26th, 2013
Unlike an IRA, a Solo 401k plan allows a plan participant to make high annual contributions to the Plan. The contributions can be in the form of pre-tax or Roth type contributions (after-tax). The annual Solo 401k contribution consists of 2 parts, an employee salary deferral contribution and an employer profit sharing contribution. In 2013 […]
June 18th, 2013
A Solo 401(k) plan is well suited for businesses that either do not employ any employees or employee certain employees that may be excluded from coverage. A Solo 401K plan is perfect for any sole proprietor, consultant, or independent contractor. To be eligible to benefit from the Solo 401(k) Plan, investors must meet just two […]
In Light of Rebounding Real Estate Market, Real Estate Agents Turning to Solo 401(k) Plan to Help Reduce Taxable Income
May 1st, 2013
Solo 401(k) Plan would allow real estate professionals to defer up to $56,500 for 2013 IRA Financial Group, the leading facilitator of Solo 401(k) Plans has seen a strong demand from real estate agents looking to establish Solo 401k real estate Plans for the business in order to reduce their taxable income in 2013. As […]
July 5th, 2011
There seems to be a growing trend among smart Individual Retirement Account owners and 401k plan holders who are willing to be in the forefront of their finances by investing their retirement funds in their Self-Directed IRA. These accounts require the owners to make investment decisions as well as investments on behalf of their retirement plan.
Self Directed IRA LLC with a checkbook control or checkbook IRA allows the owner to make other investment selections regarding all their future investments. When using a self-directed IRA LLC with a checkbook control in your financial planning, you will have control of your retirement funds. You will be the one to make the decision on how your retirement funds and pension plan funds are to be invested. What this means is that you are in full control of your financial future. Since you are the signer on the checks, there’s no need to get the custodian involved or even ask for permission.
June 15th, 2011
As you get older, you start to invest in your future, either with a retirement fund, buying a house, or purchasing other assets. Have you tried to make an investment and have something hold you back because you found out that you really were not in control of your IRA or retirement plan? Now you no longer have to worry about that. With the solo 401k plan, self-directed IRA, Self Directed Roth IRA, and Self Directed IRA real estate, you have the control of those decisions. These decisions can be made when you want, tax-free, and without custodian consent.