One of the advantages of using retirement funds, such as a 401(k), Solo 401k or an IRA to make investments is that in most cases
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
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
You must submit IRS Form 5500-EZ if your Solo 401(k) plan asset exceeds $250,000. IRA Financial Group explains reporting requirements and instructions.
The EARN Act passed unanimously through the Senate. Along with the House bill, the legislation will help shape how we save for retirement.
Learn the possible 401(k) rollover mistakes that you can make when deciding to move old 401(k) funds into a new retirement plan.
If you own a business and do not elect the entity, by default, you are a sole proprietorship and can establish a Solo 401()k plan.
Generally, because of how the Solo 401(k) plan is established, there are no ERISA nondiscrimination testing required for the plan.
The SECURE Act 2.0 contains some significant IRA and 401(k) changes, including new RMD age, expand and ‘Roth-ify’ Catch-up contributions, higher IRA catch-up contributions for those from age 62-65, and much more.
In this article, we provide a general overview of the Solo 401(k) plan distribution rules. It may seem unfair to some that one would need
Subscribe to stay updated on everything self-directed retirement, and how your investments are affected by current events and changes in the law.
Contact IRA Financial at 1-800-472-0646 or fill out the form to learn more about opening a self-directed retirement account.
Rather schedule a call? Click here.
We don’t share your personal information with anyone. Check out our Privacy Policy for more information.
[email protected]
1-800-472-0646
IRA Financial Group
1691 Michigan Avenue, #335
Miami Beach, FL 33139
