Can I Buy a Business with my Retirement Account?
ROBS to buy a business is ideal for investors who want to be actively involved in the business without triggering prohibited transaction rules.
Have a Side Hustle? Establish A Solo 401k
You can get a side hustle to establish the Solo 401k, which is the most robust retirement plan for self-employed and small business owners.
Best Small Business Retirement Plans for 2024
Self-Employed Retirement Plans are plentiful, but the best option for most individuals is the Solo 401(k) or Individual 401(k).
Solo 401k & ERISA – The Law
What is ERISA? The Employee Retirement Income Security Act of 1974 (ERISA), enacted September 2, 1974, is an American federal statute that establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA contained sweeping changes in the […]
Why Choose a Solo 401(k) vs. SIMPLE IRA?
A SIMPLE IRA plan is similar to a Solo 401k Plan in that it is funded by employee deferrals and additional employer contributions. However, unlike a Solo 401k Plan, a SIMPLE IRA plan uses an IRA-type trust to hold contributions for each employee, rather than a single plan trust that is typical of a traditional […]
What is the Rollover Business Startup Solution?
The Rollover Business Startup Solution, or ROBS, allows one to use retirement funds to invest in a business, that you may personally be involved with.
Top 10 Startups Using ROBS
Recently, IRA Financial’s Adam Bergman published an article on Forbes about the Gig Economy and the Solo 401(k). This got me thinking about another retirement strategy called “ROBS,” or Rollover for Business Startups. ROBS allows you to use retirement funds to start your own business. This strategy is generally used when you don’t have the […]
Solo 401k Eligibility & Plan Setup
The eligibility requirements for starting a Solo 401(k) plan are very straightforward. In this article, we’ll explain who can establish a Solo 401(k).
Solo 401(k) Advantages for Entrepreneurs
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 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, but […]
3 Important Questions for Your Solo 401(k) Provider
A solo 401(k) provider must be able to answer your questions regarding the retirement plan. We provide the three most important questions to ask your provider.
