What Does the IRS Say About the Solo 401(k) Plan?

June 14th, 2018

The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub.L. 93-406, 88  Stat. 829, enacted September 2, 1974) is an American federal statute that establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA contained sweeping changes […]

Read More →




Top Ten Reasons to Open a Solo 401(k) Plan

June 8th, 2018

A Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as consultants. A Solo 401(k) Plan can be adopted by any business with no employees other than the owner(s). The business can be established as a sole proprietorship, LLC, corporation, or partnership. A Solo 401K plan offers the same advantages as […]

Read More →




Here’s What You Need to Know About Contributing to a Solo 401(k) in 2018

May 21st, 2018

Under the 2018 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum annual employee deferral contribution in the amount of $18,500. That amount can be made in pre-tax, after-tax or Roth. On the profit sharing side, the business can make a 25% (20% in the case of a […]

Read More →




IRA Financial Group Podcast Episode 130: What Amazon Third-Party Sellers Need To Know About Delivering Retirement Results

May 11th, 2018

IRA Financial Group’s Adam Bergman discusses what Amazon third-party sellers need to know about delivering retirement results, based on a report that came out in the Wall Street Journal about the amount of small businesses that sell products on the Amazon site. Click Here to Listen  

Read More →




This Is How a Solo 401(k) Loan Works

May 8th, 2018

Under a Solo 401(k) Plan, a plan participant may be eligible to obtain a loan from the vested balance of the Solo 401(k) plan balance without triggering a distribution subject to tax or penalty. With IRA Financial Group’s Solo 401(k) plan, the IRA or 401(k) plan funds rolled into the new Solo 401(k) plan, as […]

Read More →




The Three Reasons Why Real Estate Investors are Going Mad to Establish Solo 401(k) Plans

May 7th, 2018

A 401(k) Plan is an IRS approved qualified retirement plan. As the name implies, the solo 401(k) plan is an IRS approved qualified 401(k) plan designed for a self-employed individual or the sole owner-employee of a corporation. The solo 401(k) plan offers most of the characteristics of the self-directed IRA LLC, including having the ability […]

Read More →




What is the Solo 401(k) Solution?

May 3rd, 2018

The Solo 401(k) Plan, also known as the Individual 401(k) or Self-Directed 401(k) Plan, is an IRS approved type of qualified retirement plan which is suited for business owners who do not have any employees, other than themselves and perhaps their spouse. The Solo 401(k) plan is not a new type of plan. It is […]

Read More →




What’s the Difference Between a Solo 401(k) and a Regular 401(k)?

April 25th, 2018

Essentially, a Solo 401(k) plan just means a 401(k) plan adopted by an employer or business which has no full-time employees other than he owner(s) or their spouses. A Solo 401(k) plan is much easier and far more cost effective for a business to adopt a Solo 401(k) plan than a 401(k) plan subject to […]

Read More →