IRA FAQ What is an Individual Retirement Account(IRA)?An Individual Retirement Account (IRA) is the most common type of retirement account. As of 2018, there are approximately 50 millions IRAs totaling approximately $9.4 trillion dollars. The most common type of IRAs are Traditional IRA, Roth IRA, SEP IRA, and the SIMPLE IRA....
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Business Acquisition Solution FAQ Is it permitted to use my retirement funds to invest in a new or existing business?If structured correctly, yes. IRC Section 4975(c) includes a list of transactions that the IRS deems “prohibited”. However, Internal Revenue Code Section 4975(d) lists a number of exemptions to the prohibited transaction...
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Self-Directed IRA FAQ If I am self-employed, is there any reason I would not want to adopt a solo 401(k) Plan vs. a Self-Directed IRA LLC?If you are self-employed or a small business owner with no full-time employees other than the owners, the Solo 401(k) Plan offers the same benefits of...
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Solo 401(k) FAQ What is a Solo 401(k) Plan? If you're self-employed with a Solo 401(k), it may surprise you that a frequently asked question regarding this retirement plan is: what is a Solo 401(k)? A Solo 401(k) plan is not a new type of retirement plan. Essentially, it's a traditional 401(k) plan...
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