In general, excluding Roth IRAs, retirement plans, including Self-Directed IRAs and Solo 401(k) plans are subject to required minimum distributions (RMDs). The RMD rules are
If you are self-employed and filed a tax extension, there is still time to set up a Solo 401(k), which could lower your tax bill for the 2021 taxable year.
The majority of investments you make with a Solo 401(k) plan will not be subject to tax. This is the beauty of investing in a
Exactly when to do a Roth conversion is an individual decision. IRA Financial’s Adam Bergman offers advice as to the best time to perform one.
Solo 401(k) Saving Tips to retire wealthy – find out how you can save more with the Solo 401(k) if you’re self-employed or a small business owner.
A Solo 401(k) loan is permitted at any time and for any purpose using the accumulated balance of the Solo 401(k) as collateral for the loan.
The Mega Backdoor Roth Solo 401(k) is still a legal, retirement savings vehicle in 2022.
If you don’t know what to do with your 401(k) when changing jobs, we offer a few options, such as rolling your 401(k) funds into an IRA.
Anyone can contribute to a 401(k) and IRA in the same year, assuming you have earned income. However, there are some limitations.
A hardship 401(k) withdrawal is allowable depending on your situation. You must show proof of hardship. Learn the rules at IRA Financial Group.
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IRA Financial Group
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Miami Beach, FL 33139
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