Solo 401(k)
IRS Announces 2023 Solo 401(k) Contribution Limits
The IRS has released its 2023 Solo 401(k) contribution limit changes. IRA Financial Group is here with a breakdown of the changes we will see.
October 21, 2022
Solo 401(k)
Can I Still Setup a Solo 401(k) Plan for the 2021 Taxable Year?
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.
September 9, 2022
Roth 401(k)
Is the Mega Backdoor Roth Solo 401(k) Still Legal in 2022?
The Mega Backdoor Roth Solo 401(k) is still a legal, retirement savings vehicle in 2022.
August 10, 2022
Solo 401(k)
Hardship 401(k) Withdrawal – Qualifications & Taxes
A hardship 401(k) withdrawal is allowable depending on your situation. You must show proof of hardship. Learn the rules at IRA Financial Group.
August 5, 2022
Self-Directed IRA
Are You Saving Enough For Retirement?
Saving enough for retirement can be a challenge, but with the right tools and accounts you can get prepared for a lifetime of living.
August 1, 2022
Solo 401(k)
Solo 401(k) Advantages
A Solo 401(k) is the perfect retirement plan for sole proprietors, small businesses, and independent contractors, such as consultants. Any business with no employees can
July 20, 2022
Solo 401(k)
Best Retirement Plans for the Self-Employed
Retirement plans for the self-employed include the Solo 401(k), SEP IRA and SIMPLE IRA. We explain which plan is best for self-employed workers.
July 12, 2022
Solo 401(k)
401(k) Loan vs. Taxable Distribution
When times are tough you may consider taking out a 401(k) loan. You may also consider a taxable distribution. Learn more about your options.
June 23, 2022
401(k) Rules & Regulations
Can a Sole Proprietorship Open a Solo 401(k)?
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.
June 3, 2022
Solo 401(k)
How to Use a Solo 401(k) to Fight Inflation
By taking advantage of the Solo 401(k) loan feature, one can fight the rising cost of goods and services created by inflation.
May 25, 2022
