A Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as consultants. Any business with no employees can adopt a Solo 401(k) plan. The business can be a sole proprietorship, LLC, corporation, or partnership. A Solo 401(k) plan offers the same advantages as a Self-Directed IRA LLC,...
Read Post
There are several companies on the internet that advertise themselves to be a Solo 401(k) plan provider and expert. However, in most cases, the people that would be involved in drafting your Solo 401(k) Plan documents, as well as advising you, are not educated or trained tax attorneys or even...
Read Post
Selecting the best Solo 401(k) provider is an important decision that should be researched thoroughly. Below are several tips to help you select the best Solo 401(k) provider for your self-employed or small business retirement plan. 1. Always Make Sure You Are Working With a Tax & ERISA Professional There are several companies on...
Read Post
When it comes to determining what type of 401(k) qualified retirement plan is best for a self-employed individual or small business owner with no employees, it is important to look at all the options the plan provides to make sure it will satisfy your retirement planning, tax, and investment goals.Most...
Read Post
With IRA Financial Group, you no longer have to spend $2000 to $5,000 or more to set up your Solo 401(k) Plan or pay excessive administration fees. Work directly with our in-house tax and ERISA professionals to customize your Solo 401(k) Plan based on your investment and retirement goals.We provide...
Read Post
Solo 401(k) Benefits and Definition What is a Solo 401(k)? According to the Internal Revenue Code (Section 401), 401(k) plans are retirement saving trusts. A 401(k) Plan is an IRS (Internal Revenue Service) approved qualified retirement plan.But what is a Solo 401(k), which is also referred to as a Self-Employed 401(k)...
Read Post
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...
Read Post
How does the Solo 401(k) Work? The Solo 401(k) Plan (also known as the Individual 401(k) Plan) is an IRS approved type of qualified plan. It’s a popular plan created by the Congress and IRS. The purpose of this plan is explicitly to benefit any business with zero employees except for...
Read Post
Get a Free Consultation 