Learn About The Individual 401k Plan
Individual 401(k) Plan, also known as the Solo 401(k) is the ultimate retirement plan for self-employed and small business owners. Gain tax advantages, a penalty-free loan and much more with the Individual 401(k).
McNulty Case Reaffirms Physical Possession Rules
The recent court case, McNulty v. Commissioner has reaffirmed the physical possession rule of IRS-approved coins and metals.
2022 IRA and 401(k) Contribution Limits – Episode 316
IRA Financial’s Adam Bergman discusses the 2022 401(k) and IRA contribution limits and how to best take advantage to save for retirement.
The Self-Directed IRA LLC Secret
What is a Self-Directed IRA? It’s a little known fact that retirement accounts can invest in alternate assets, such as real estate and Bitcoin with the Self-Directed IRA. But what is a Self-Directed IRA? Essentially, it is just like a Traditional IRA that can invest in traditional assets, like stocks, but also alternative assets, like […]
2022 Solo 401(k) Contribution Limits & Maximum Deferrals
The IRS has released its 2022 Solo 401(k) contribution limit changes. IRA Financial Group is here with a breakdown of the changes we will see.
Structured Settlements in a Self-Directed IRA
A structured settlement is an arrangement, or annuity, to pay out a sum of money over a period of years. This may stem from a court case awarding damages to lottery winners who opt for a lump sum payment after receiving annual payments. It’s a little known fact that structured settlements are considered an investment […]
Plan Asset Rules
The Department of Labor (“DOL”) Plan Asset Rules were generally enacted to limit an investment fund participant from using his retirement funds to transact with the investment fund or its assets. The Plan Asset Rules set forth the circumstances that can cause assets owned by an entity to be deemed to be assets of an […]
Solo 401k Contributions After 70 1/2
Solo 401k contributions after 70 1/2 are different than contributions at this age with an individual retirement account (IRA). With a traditional IRA, participants cannot make additional contributions once they reach 70 1/2 and are required to take out a minimum distribution (RMD). One of the benefits of the Solo 401k is that participants can […]
401(k) In-Plan Service Withdrawal Rules
The 401(k) in-plan service withdrawal rules limits the availability of your retirement funds, unless you can satisfy IRS rules.
How to Fund a Business With Retirement Savings in the United States
You can run a ROBS funded business and still maintain a retirement account for yourself, so you’re saving money while pursuing your dreams!
