Self-Directed IRA Contribution Limits
Each year, the IRS sets the Self-Directed IRA contribution limits. This is the maximum amount you may directly contribute to your plan annually.
2025 Solo 401(k) Contribution Limits
Each year, the IRS sets the Solo 401(k) contribution limits. This is the maximum amount you may directly contribute to your plan annually.
IRS Announces 2025 401(k) and IRA Contribution Limits
Discover the 2025 401(k) and IRA contribution limits, including updates on annual maximums, catch-up contributions, and strategies to maximize retirement savings.
Is a Solo 401(k) Roth Employer Contribution Tax Deductible?
Thanks to the SECURE Act 2.0, which became law in December 2022, Solo 401(k) employer profit-sharing contributions can now be made in pretax or Roth. This article will explore the tax ramifications for the employee and employee in the case of employer profit-sharing contributions made in Roth. However, before we get into the Solo 401(k) […]
Maintaining Employer & Employee Deferral Contributions in Your Solo 401(k)
Maintaining employer & employee deferral contributions in your solo 401(k) is the best way to generate tax-deferred growth in a retirement plan.
Solo 401(k) Rollover vs Contribution
A Solo 401(k) rollover and contribution are two different ways to fund your new self-employed retirement plan.
Navigating the 2023 IRA Contribution Deadline Rules
With over 65 million IRAs and approximately $13 trillion of IRA funds, most American’s savings are in IRAs. The reason that saving through an IRA is so popular is because the IRA regime is based on two very important tax principles: (i) tax deductions and (ii) tax deferral. With a pre-tax IRA, one will receive […]
ROBS 401(k) Plan Contribution Rules & Limits for 2024
The Rollover Business Start-Up Solution (“ROBS”) is the only legal way one can use retirement funds to start or fund a business involving the retirement account holder or a lineal descendant. Whether you are starting a new business/franchise or buying an existing one, the ROBS solution will allow you to accomplish your business goals – […]
Excess Roth IRA Contributions – Are They Worth the Risk?
Penalties for violating IRS rules tend to override potential value derived from the transaction with excess Roth IRA contributions being the one exception.
Solo 401(k) Tax Strategy – Maximize Contributions
Solo 401(k) Tax strategy allows retirement investors to make non-deductible contributions. Not all custodians allow this, but IRA Financial Group does.
