2018 Solo 401(k) Contribution Limits Announced

October 23rd, 2017

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 […]

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Why Choose a Solo 401(k) Plan Over a SIMPLE IRA for Your Business

October 19th, 2017

A SIMPLE IRA plan is similar to a Solo 401(k) Plan in that it is funded by employee deferrals and additional employer contributions. However, unlike a Solo 401(k) Plan, a SIMPLE IRA plan uses an IRA-type trust to hold contributions for each employee, rather than a single plan trust that is typical of a traditional […]

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Adopting a Solo 401(k) Plan with IRA Financial Group

October 12th, 2017

IRA Financial Group will help you set-up your Solo 401(k) plan quickly, professionally, and economically. The IRA Financial Group’s on-site tax and ERISA professionals will personally customize your Solo 401(k) Plan to fit the needs of your business as well as satisfy your retirement and tax planning goals. Once you have decided to establish a […]

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Who Can Benefit from an Individual 401(k) Plan?

October 9th, 2017

The Individual 401(k), also known as a  Solo 401(k) plan, is unique and so popular because it is designed explicitly for small, owner only business. It’s a tax efficient and cost effective plan that offers all the benefits of a Self Directed IRA plan, and includes additional benefits, such as high contribution limits (up to […]

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IRA Financial Group Podcast Episode 79: The Trump Tax Plan and Your Retirement Account

September 29th, 2017

IRA Financial Group’s Adam Bergman discusses the new tax plan announced by President Trump and the implications it has for retirement account holders.   Click Here to Listen  

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How to Utilize a Solo 401(k) Loan to Invest

September 27th, 2017

When it comes to using retirement funds, such as a Solo 401K Plan, to make investments, the question arises whether a Solo 401K Plan can utilize a loan as part of the transaction. The IRS has always allowed a Solo 401K Plan to make traditional as well as non-traditional investments such as real estate. However, […]

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Is a Solo 401k Plan Subject to UDFI?

September 22nd, 2017

Unlike a Self Directed IRA LLC, when a Solo 401K Plan uses nonrecourse leverage to purchase real estate that is leveraged, it is exempt from paying any Unrelated Business Taxable Income (UBTI) tax on the income or gain generated. When an IRA buys real estate that is leveraged with mortgage financing, it creates Unrelated Debt […]

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IRA Financial Group Announces It Will Spend $25,000 to Help Florida Office Employees Recover From Hurricane Irma

September 20th, 2017

IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans, announces that it will be spending $25,000 over the coming months to help employees in their Miami office cope and recover from the personal devastation caused by Hurricane Irma. Hurricane Irma caused billions of dollars in damages across the United States, […]

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